Market Info

Officials said it is Amazon’s first location in Wake County and the project will bring 1,500 new jobs to the area along with a $45 million payroll. The changing landscape is a sign of progress for a property on Jones Sausage Road that’s been dormant for almost 10 years. Residents like Jonathan King, who has lived near the former ConAgra site for years, said they’re excited for the change. “They’re finally doing something with that… READ MORE

MacGregor Village, an established outdoor shopping center in Cary, is getting a makeover.  The multimillion-dollar renovation project will add green spaces to create an outdoor gathering place in the shopping center located at the west corner of U.S. 1 and U.S. 64 near Apex at 107 Edinburgh South Drive. Renovations will also add covered seating areas, a new outdoor fountain with seating area, new bike racks and new LED lighting including in the parking lot.  … READ MORE

Amazon and Apple aren’t the only companies that have been eyeing up Raleigh. After a lengthy search, the San-Francisco-based cloud technology company Sysdig annouced that it plans to open an office in Raleigh as its second headquarters for its global engineering and operations. “We considered about half a dozen other major metropolitan areas on the east coast and central US,” said Vasudevan, declining to name them specifically.  But we picked Raleigh because the area is… READ MORE

As the Triangle continues to grow its employment and economic base, corporate tenants in the region will be focused on opportunities for expansion and upgrade. The Triangle area has added approximately 21,800 new jobs in the last year according to February estimates from the U.S. Bureau of Labor Statistics. Office space absorption exceeded 500,000 SF in Q1, boosting office absorption for the past year to 1.06 million SF. Overall vacancy in the Triangle remained the… READ MORE

The Triangle market delivered eleven new office and research laboratory buildings in 2017 with a combined 1.65 million SF of space. Notable additions include Midtown Plaza at North Hills, the Chesterfield in downtown Durham, and Forty540 in Morrisville. In 2016, the market delivered seven new office building totaling 402,408 SF. New office buildings delivered in the fourth quarter include the 104,000 SF Wade IV in West Raleigh and the 158,000 SF Carolina Square in Chapel… READ MORE