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Q2 2021 Raleigh Industrial Report

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Explosion of E-Commerce in Tandem with Limited Deliveries Resulting in Constriction of Market Inventory

  • Raleigh-Durham's industrial market continues to thrive. The area's astounding population growth is fueling an explosion in e-commerce activity and subsequently, distribution space for national occupiers. 

  • Despite a robust development pipeline, vacancy is at a historical low, evidencing the substantial pre-leasing that has occurred in 2021 thus far. 

  • Rental rates have soared to an average of $7.31

  • Average building and tenant sizes are growing due to the increasing logistical significance of the Triangle

 


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Q2 2021 Raleigh Industrial Report

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Related Experts

Maddie Holland

Research and Analytics Manager

Raleigh

Maddie Holland joins the Colliers team from 5+ years with CoStar Group. With CoStar, she started in the Research Associate role, and eventually oversaw all transaction, construction, absorption, and property ownership information for the Charlotte, Triad, and Asheville research markets. In this role Maddie supports all of the brokers in the Raleigh Office in all property types. She loves the challenge of taking complex data and making it easily digestible for a wide audience, and providing professional insights and opinions on the future of the Triangle.

Whether the project is related to building ownership information, company research, or Microsoft Excel and everything in between, Maddie can help find the answers.

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Larry Lakins

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As a Senior Vice President & Principal of Colliers International | Raleigh, Larry focuses on Industrial Project Leasing throughout the Triangle, Triad, and the coastal area of eastern North Carolina. His experience in the commercial real estate industry spans well over twenty-two years and encompasses services including industrial landlord and tenant representation, Investment Sales, and Real Estate Development. Prior to joining Colliers, Larry was with Cushman and Wakefield’s Industrial Services Group.

Larry has been acknowledged in the industry as a consistent top producer, He is recognized for his leadership roles in the real estate community, as he has served as the President of the Triangle Commercial Association of REALTORS (TCAR).   Larry has served as President of Hilltop Home a nonprofit intermediate care facility for children with developmental disabilities.   He currently serves as the chair of their foundation.

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Hunter Willard

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Prior to joining Colliers,  Hunter was on the Industrial team at Cushman & Wakefield. Hunter concentrated on landlord and tenant representation, where his responsibilities included client portfolio management, strategy and execution of commercial properties for lease and for sale, and corporate relocations and expansions for local and national clients. Hunter also previously worked in finance and sales as a commercial mortgage broker. His knowledge and experience affords him an extensive understanding of the banking and lending industries, which aids in providing clients with a full perspective and an advantage. 

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Andrew Young

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