Q1 2018 Market Summary

The Triangle’s Q1 office market continues to flourish. Absorption exceeded 488,000 SF, helping to contribute towards rent growth. Much of the new leasing activity was centered around RTP and downtown Raleigh. The vacancy rate in Q1 remained relatively unchanged. The Triangle’s industrial market also continues to strengthen. Vacancy rate is up slightly, primarily due to…

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The Future of CRE

Another informative and powerful Alliance of Tenant Representatives (ATR) annual meeting in Newport Beach, CA is in the books.  RCR is a long time member of the exclusive tenant representation only organization.  This year, firms from around the United States and England gathered to share ideas, practices, trends, and information.  ATR provides a platform for…

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Operating Expense Mistakes

Each year, landlords prepare and review building operating expenses for reconciliation and tenant expense pass through.  As costs generally tend to rise, occupiers of space are the ones who suffer, as landlords are able to pass through the majority of controllable and non-controllable expenses.  In a large multi-tenant office building, each tenant has different leases…

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Office Space Design Trends for 2018

Facing retention challenges, hiring competition, and growing occupancy costs, occupiers of space are seeking ways to better utilize their space.  Companies are creating engaging work environments to get the most out of their space and their employees. RCR predicts some design trends for 2018, that we expect to see companies implementing in their design decisions…

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Q4 2017 Market Summary

The Triangle’s Q4 office market saw a positive absorption of Class A office space, highlighted by the expansion of several Triangle companies, including Credit Suisse, Infosys, Align Technology, PowerSecure, Victra, and Med-El, to name a few. These expansions, along with the 560,000 SF sale-leaseback of GSK earlier in the year, resulted in a boost for…

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Knee Deep in December

Over the years, Rich Commercial has had clients (office and industrial alike) that had the misfortune of having their space flood. Freezing pipes, broken sprinkler heads, sewer backups—you can never predict these issues, but you can prepare. Unfortunately, our advice not only comes from what our clients have experienced, but also from our own experience…

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