Class A average lease rates in the Triangle continue to rise, up +0.41% this quarter to $25.89 per SF. Compared to this time last year, Class A average lease rates in the Triangle have increased over 1.1%. At the same time, Class A vacancy rates continued to compress to 7.8%—down -0.93% since last quarter. With demand outpacing useable inventory in primary areas of the Triangle, demand for space in the Flex market is as high this… READ MORE
TradeMark Properties is pleased to announce that Vijay K. Shah, CCIM and Ross Diachenko, negotiated and executed a lease for Giardino Gourmet Salads. The gourmet salad concept will open its first North Carolina franchise location at Harrison Square in Cary, NC. The store is expected to open in late October of this year. While new to the Triangle market, the salad concept is also actively searching for other locations within Wake County. Giardino Gourmet Salads started in 2004 in… READ MORE
TradeMark Properties is pleased to announce that Kim Mills, Tenant Representation Specialist at the firm, negotiated the lease for The City of Raleigh – Housing and Neighborhoods Department at 421 Fayetteville Street. Kim represented the tenant, in the 15,684 SF seven year lease. Kim worked diligently with their specific needs to find the right fit at the newly renovated One City Plaza owned by Highwoods Properties. The City of Raleigh Housing and Neighborhood Department offers a variety of programs… READ MORE
Southern Wake County continues to have one of the lowest vacancy rates for industrial and flex based product available in the entire Triangle Region. Apex, Holly Springs and Fuquay-Varina continue to thrive under the “Best Places to Live” scenario, but finding available space to locate a growing business is problematic. With only approximately 2.5 million SF of true existing industrial or flex based product in these three municipalities, the vacancy rate continues to hover around 8%. Apex represents the… READ MORE
Class A office space average lease rates in the Triangle continue to rise up +1.16% this quarter to $25.78 PSF. Compared to this time last year, Class A average lease rates in the Triangle have increased over 3.5%. Overall, flex vacancy dropped -2.8% to 10.46% since this time last year. The Triangle warehouse market ended the quarter with 29.7 million SF of space. The quarter closed with 45.2 million SF of retail space, representing a quarterly increase of 1,151,850… READ MORE
