Keeping Your Costs Down Amid Rising Rental Rates

Rental rates are on the rise all over the country and in almost every major market, including the Triangle. In Raleigh, submarkets often range from $26-$34/SF, while popular and highly amenitized areas like Midtown and Downtown, which support growing sectors like tech, are quickly approaching $40/SF. As we approach Thanksgiving,…

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Leadership Raleigh, Class of 35

For the past the past 10 months, I have had the privilege of participating in the Raleigh Chamber of Commerce Leadership Program. As a Raleigh native, I have a passion for the city and have seen much growth and change over the years. Leadership Raleigh allowed me a back stage,…

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Rising Office Rents in Raleigh

According to source after source, including our own eyes locally, Raleigh is among the nation’s fastest growing and most popular cities.  Residents are seeing the exciting benefits of infrastructure investment (Transportation, Union Station, Roads, Utilities, Fiber, etc.), amenity investments (the momentous Dorthea Dix Park project), and increasing property values.  To…

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Memorial Day: Celebrate, Honor, Remember

Along with most, I’m always very excited as Memorial Day draws near. Not only is it a long weekend that includes time with friends, family, and relaxation, it also symbolizes the start of the summer. After a frigid NC winter that never seemed to end, summer can’t come fast enough.…

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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…

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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. …

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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,…

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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…

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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,…

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