Trophy building sells in Durham's largest office deal in three years
Office transaction volume has been below average in Bull City
A Florida-based investment firm has closed on a trophy building in downtown Durham, North Carolina, in the city's largest office sale in three years.
Fairfield investment fund buys apartment building in popular area of NC capital
Two largest multifamily transactions in Raleigh this year have both involved properties in mixed-use districts
In one of the largest multifamily sales to close in North Carolina's capital so far this year, an investment fund sponsored by San Diego-based Fairfield Residential purchased the P...
JLL Income Property Trust buys industrial park near Raleigh in one of market's biggest deals this year
Industrial transaction volume in Raleigh has already exceeded last year’s total
JLL Income Property Trust acquired a nearly 1 million-square-foot industrial park near Raleigh, North Carolina, in one of the market's largest deals this year.
Eli Lilly picks Virginia for $5 billion manufacturing plant
Global drugmaker's Richmond project is part of $50 billion plan to increase domestic production
Pharmaceutical giant Eli Lilly and Co. has selected Virginia for the site of a $5 billion manufacturing plant, the first of four new U.S. development sites it plans to announce as ...
Retail rents grow at blistering pace in North Carolina’s two largest markets
Population growth, increased retail spending drive up rates in Raleigh and Charlotte
Retail landlords in North Carolina's two largest markets have been able to push rents faster than any other large market in the United States, thanks to the cities' limited retail ...
Genentech breaks ground on $700 million manufacturing plant near Raleigh
Company's first East Coast facility is expected to open in 2029 and create more than 400 permanent jobs
Genentech is underway on its $700 million manufacturing plant in Holly Springs, North Carolina, a project that marks the biotechnology company's first facility on the East Coast.
Spec suites appeal to tenants in Raleigh’s slow office market
Tenants are attracted to the speed of occupancy offered by pre-built space
With Raleigh’s office market facing high vacancies, a lack of demand and low rent growth, some office owners are getting creative to entice new tenants.
Apartment rents begin recovery in some Carolina markets
Construction wave has weighed on rents, but that is beginning to shift
Multifamily rent growth has been flat to negative in the Carolinas over the past two years, largely due to a wave of new units that has outpaced solid demand. However, rents appear...
Multifamily vacancies in the Carolinas decline for first time since 2021
While vacancies are largely down, supply-side pressure drives increases in some markets
Apartment demand is beginning to catch up with record amounts of construction in two of the nation’s fastest-growing states.
Raleigh office rents are growing at slowest rate in 12 years
Rent growth has decelerated for six consecutive quarters amid high vacancies
Office rent growth in Raleigh, North Carolina, has slowed to its lowest point in over a decade as the market contends with near-record vacancies and a lack of demand.
Apartment rents in Richmond reach record level
Rents have risen for six consecutive months after five months of declines
Apartment rents in Richmond increased 0.6% in May, the sixth month in a row of month-over-month increases in Virginia’s capital city.
Aviation startup picks North Carolina for $4.7 billion manufacturing plant that could employ 14,500 workers
JetZero project is largest job announcement in state history, officials say
A California-based aviation startup plans to invest $4.7 billion in a manufacturing plant at the Piedmont Triad International Airport near Greensboro, North Carolina, in a project ...
Medical office buildings a bright spot in Raleigh's office market
CoStar Group has released a new quarterly medical office report for major markets across the US, including Raleigh
Many traditional office properties in Raleigh, North Carolina, have struggled in recent years, as vacancies have risen amid new completions and limited demand for office space.
Gap between Richmond and US industrial vacancy rate is widest on record
Virginia capital's industrial market remains one of the tightest in the country
The gap between Richmond, Virginia, and the U.S. industrial vacancy rate is now at its widest point on record, as vacancies have continued to climb over the past two years national...
Biotech company picks suburban Raleigh for $700 million East Coast manufacturing plant
Genentech's 700,000-square-foot facility marks latest major pharma project planned in Holly Springs
A California-based pharmaceutical company has picked Holly Springs, North Carolina, for the site of its first drug manufacturing plant on the East Coast, the latest in a string of ...
Encouraged by strong demand, construction begins on 20-story apartment tower in Raleigh
Vacancies are elevated now but likely to moderate by the time The Strand is completed
Construction is underway on a 20-story residential tower in Raleigh, North Carolina's popular North Hills development, where apartment demand remains at an all-time high despite gr...
With completion of Maeve, downtown Raleigh’s multifamily pipeline falls to six-year low
Just over 1,100 units are currently under construction
A 20-story apartment tower sporting some of the market's highest rents opened its doors in Raleigh, North Carolina, though the project's completion has dropped downtown's multifami...
These two North Carolina cities lead the country in apartment demand as a share of inventory
Population, job growth drive renters in Raleigh, Charlotte
High vacancy rates and intense supply pressure have driven the narrative of several Southeastern and Sun Belt apartment markets over the past two years. However, as a record constr...
International migration fuels Virginia’s strongest population growth in four years
Domestic migration is positive for first time since COVID-19
Virginia's population grew at its strongest rate in four years, with international migration driving the increase.
Apartment rent growth in Raleigh is among lowest in the nation
Annual rent growth in North Carolina's capital remains negative despite high demand
Annual rent growth in Raleigh, North Carolina's apartment market remains negative as owners compete to fill the wave of new units built in the past few years.