Part 2: Downtown Square Redevelopment continued...

In Downtown Raleigh, Nash and Moore Square are the primary spots for new redevelopment in the next 10 yrs. Look for widened sidewalks, new hotels, upscale living, eating and shopping opportunities. See below for Moore Square Now: and Moore Square Future: - Capital Compass

Part 2: Downtown Square Redevelopment

In Downtown Raleigh, Nash and Moore Square are the primary spots for new redevelopment in the next 10 yrs. Look for widened sidewalks, new hotels, upscale living, eating and shopping opportunities. See below for Nash Square Now: and Nash Square Future: - Capital Compass

The Future of Downtown Development Plans: Part 1!!

Take a visit to the Capital and you will confirm, Downtown Raleigh is booming! This past January, the City formed a private-public partnership to layout their plan for a 10 year course of Raleigh's future growth and development. Partners such as Highwoods Properties, Clancy & Theys, Spectrum Properties, the Downtown Raleigh Alliance and the Raleigh Chamber of Commerce all participated in the newly released plan called the "Downtown Raleigh Experience Plan" which became available this October! The full presentation can be seen online, but I've highlighted the important "before and after" pictures of downtown that really show the impact of what development will look like 10 years from now in R

2Q14 Triangle Market Report is Here!

Click here for Colliers 2Q14 Triangle Office Market Report! Here’s your Capital Compass perspective: The office market continues to push forward from the beginning of 2014. Construction is up, job gains have already beaten 2013 levels and development plans are being requested and approved at levels unseen since 2008. Raleigh business owners and tenants will find interesting: Vacancy levels hit their LOWEST LEVEL SINCE 2008, coming in at 13.8% in 2Q14 compared to 14.1% in 1Q14 Class A office rental rates were similar to 1Q14 rates at $21.89 per square foot. Office space absorption outpaced 1Q14 by over 400,000 SF, from 94,000 SF in 1Q14 to 500,000 SF in 2Q14! How does this apply to business

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Thomas Kenna

 

Principal: Occupier Solutions

Mobile: 919 830 0510

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Thomas.Kenna@avisonyoung.com

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