Quarterly Reports

Retail Trends Report - Fourth Quarter 2010 - Triangle

The Triangle retail market held relatively steady in the fourth quarter, with a small amount of positive absorption and vacancy unchanged. The market found its footing in 2010 with tenant openings outpacing tenant closings for all but first quarter of the year. Big boxes that had been vacated by tenants such as Circuit City and Linens ‘n Things served as a magnets for tenants looking for the right opportunity. Independent retailers continued...

Retail Trends Report - Third Quarter 2010 - Triangle

The Triangle retail market continued to show signs of stabilization in the third quarter with absorption in the black and vacancy inching down by another 10 basis points. With construction activity limited, increasing tenant demand will drive vacancy slowly but steadily downward over the next...

Retail Trends Report - Second Quarter 2010 - Triangle

The Triangle retail market showed signs of bottoming out in the second quarter as absorption moved back into positive territory, sending vacancy down slightly to 8.5 percent. The largest transaction of the quarter occurred in Cary, where Roses, a North Carolina based discount store, leased 42,400 square feet at South Hills Shopping Center. Roses plans to open an additional 20 stores in 2010. Elsewhere in Cary, five leases totaling...

Retail Trends Report - First Quarter 2010 - Triangle

Triangle retail vacancy rose by 30 basis points in the first quarter as absorption fell into negative territory for only the third time in three years. Although most of the region’s 15 submarkets posted positive absorption, overall leasing activity was muted. Just one new retail development was delivered in the first quarter, and construction activity is now at its lowest level in more than a decade. The Six Forks Road corridor was among the most...

The Road to Recovery in Commercial Real Estate

The bumpy ride continues but cash-rich investors may detour into bargain territory. At this juncture, it is clear that some commercial real estate investors are farther down the road to recovery than others. Institutional investors are up against the same roadblocks affecting regional property investors, but the large institutions already have worked through a lion’s share of re-pricing issues. This is due to the regulatory requirement of mark-to-market accounting and pressure from...

Retail Trends Report - Third Quarter 2009 - Triangle

The Triangle retail market had another quarter of strong absorption due largely to construction completions. Additionally, in contrast to the second quarter, absorption outpaced completions as some of the market’s recently vacated anchor spaces were backfilled. Cary witnessed the strongest absorption of the quarter, sending vacancy in the submarket down...

Retail Trends Report - Second Quarter 2009 - Triangle

Triangle retail vacancy ended the second quarter at 8.7 percent, the fifth consecutive quarterly increase and the highest rate on record. Net absorption hit its highest level since 2007, but it was driven by construction completions that included big box retailers such as Walmart Supercenter, Sam’s Club and Best Buy. The figure would otherwise have been negative. While retail construction activity has moderated over the last 24 months, completions have...