North Carolina has a robust economy that stands on the shoulders of an array of industries - biotech, energy production, advanced engineering, and traditional as for nowadays, the service sector. The region is also home to high-end award-winning research and development facilities, such as a famous Research Triangle Park area. Based on the diversified industrial base, and a really fast-growing economy, NC’s commercial real estate market draws entrepreneurs and investors, making them establish their presence in one of the top business hubs of the nation and one of the highly-recognized areas for further development. North Carolina’s commercial real estate for lease is represented via three main submarkets - office, industrial, and retail. The office one is the most active in the two largest cities of the state - Raleigh, and Charlotte. Much of demand for offices is faced in Durham too. The strong performance of the office sector of NC is driven by the expansion of modern branches like biotechnology, life sciences, etc. The growing number of logistics and distribution firms, in its turn, has tightened the industrial market in the region. Light industrial units and warehousing spaces (both - core and flex ones) are in short supply, and, at the same time, in high demand. The vacancy rates are impressively low in the retail sector. Here, large distribution floorplates are the highly sought-after type of space. The average rental values for commercial properties are different in different parts of North Carolina. They also depend upon the type of venue you want to get. Thus, the fees for offices start from $1 per sq.ft. per month and can go higher than $3, respectively. Industrial suites are significantly cheaper options, offered for about $0,5-1,5 per sq.ft. Similar prices are asked for retail units. Commercial real estate listings in NC offered on our website will meet the needs of a broad target audience. Contact us to learn more about the chosen property.
