2015 Commercial Real Estate Outlook!

2015 is now upon us! As you prepare for the New Year, be prepared to make important decisions concerning your real estate and what effects it may have for your financials and business. To help guide you through these decisions I’ve included a great report from Deloitte, their 2015 Commercial Real Estate Outlook! Quick 2014 Review: 2014 was a strong year with rental prices rising and vacant space numbers dropping. Heavy inflow of foreign capital has buffed up investment opportunities and sales for US commercial real estate. Banks have also eased lending standards for CRE loans, including in construction. See below for the highlighted trends I know Raleigh business owners will find useful

December Developments in Review

2014 finished with a bang in Raleigh, with over 4 new developments being announced in the last month of December! From Downtown Raleigh to Capital Blvd and Glenwood Ave, the projects (which include retail, apartments, office and hotels) are popping up all around the Capital City. Here are the top ones: Glenwood Place is a multi $100 million redevelopment by Grubb Ventures in Raleigh. Taking their already existent Glenwood office park (right before 440 and Crabtree), Grubb plans to totally reinvent the 40 acres with the following, 70,000 - 140,000 SF of retail and restaurants 600,000 - 800,000 SF of office space A full service hotel 100's of new luxury apartments/condos NC Art Museum unveil

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Thomas Kenna

 

Principal: Occupier Solutions

Mobile: 919 830 0510

Office: 919 913 1119

Thomas.Kenna@avisonyoung.com

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