Nick Leverett is the Director of Market Analytics at CoStar and Homes.com. Nick analyzes data and trends to provide insight into the commercial and residential real estate markets in Raleigh, Durham, Richmond, and the Piedmont Triad. On the residenti...
Nick Leverett is the Director of Market Analytics at CoStar and Homes.com. Nick analyzes data and trends to provide insight into the commercial and residential real estate markets in Raleigh, Durham, Richmond, and the Piedmont Triad. On the residential side, he provides insights into home prices, inventory levels, and rental conditions. Nick’s 20 years of real estate experience include leading the market research team at the real estate investment firm Dilweg, where his research informed decisions on over $380 million in acquisitions, and advising clients on commercial real estate transactions as a practicing attorney. Nick is a regular speaker at key industry events, and his research and analysis have been featured in numerous media outlets, including The News & Observer, the Triangle Business Journal, and Axios Richmond. Nick holds a Juris Doctor from Washington & Lee University School of Law and a Master of Business Administration from Tulane University.
Industrial rent growth in the Richmond, Virginia, market has slowed in recent years, but rents are still rising much faster than in most other markets nationwide.
Asking retail rents in Raleigh are soaring compared to the national average as persistently low vacancies, positive demand and rising retail sales allow property owners in North Carolina's capital to ...
The Raleigh, North Carolina, multifamily market is normalizing after years of elevated vacancies. But while the market’s overall vacancy rate has been generally declining since early 2024, stabilized ...
Office sales volume in Richmond, Virginia, reached the second-highest level on record in 2025, at $586 million, as an improving market and a spike in medical office sales drove deals.
Genentech announced in May that it would spend $700 million to establish its first East Coast manufacturing hub in Holly Springs, North Carolina. Less than a year later, the California-based ...
The Raleigh, North Carolina, industrial market is entering 2026 with positive momentum, with several high-profile projects expected to give the sector an additional boost in the coming year.
U.S. industrial property markets emerging as the top performers in the big-box industrial sector are Oklahoma City, Oklahoma; Nashville, Tennessee; Richmond, Virginia; and Columbus, Ohio, based on ...
Novartis is planning to develop a new flagship manufacturing hub in North Carolina as part of a $23 billion investment by the Switzerland-based pharmaceutical giant to significantly expand its ...
In Raleigh, North Carolina's medical office market, single-story buildings have emerged as a clear favorite as healthcare providers prioritize accessibility and efficiency.
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 Park Central ...
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.
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 it looks to invest ...
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 space and growing ...
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.
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.
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 to be on the ...
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.