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Monthly Archives: January 2015

  • 65

Fantastic Sams Bringing 90 jobs and 8 new locations to Wilmington

Category : Uncategorized

ECCRE was happy to represent our landlords and work with Fantastic Sam’s to secure the long term leases for the locations. We are excited about their opening in our market place.

For the article Click Here

 

At ECCRE we believe in Real Estate Solutions in Real Time


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National Association of Realtors Announces 4th Quarter Market Outlook and Commercial Real Estate Demand

Category : Uncategorized

The National Association of Realtors, NAR has released some interesting  quotes on the current demand and state of the commercial real estate market from a anational perspective. in a later post ECCRE will address the regional outlook and demand placed on the market both in Wilmington and the Eastern Carolina’s.

Quoted from the NAR report, for the Report click here.

Office Markets

Office vacancy rates are forecast to slightly decline from 15.7 percent in the fourth quarter to 15.6 percent through the fourth quarter of 2015.

The markets with the lowest office vacancy rates in the fourth quarter are Washington, D.C., at 9.3 percent; New York City, 9.6 percent; Little Rock, Ark., 11.6 percent; San Francisco, 12.2 percent; and Seattle, at 12.8 percent.

Office rents are projected to increase 2.4 percent in 2014 and 3.3 percent next year. Net absorption of office space in the U.S., which includes the leasing of new space coming on the market as well as space in existing properties, is likely to total 35.6 million square feet this year and 48.8 million in 2015.

Industrial Markets 

Industrial vacancy rates are expected to fall from 8.8 percent in the fourth quarter to 8.4 percent in the fourth quarter of 2015.

The areas with the lowest industrial vacancy rates currently are Orange County, Calif., with a vacancy rate of 3.6 percent; Los Angeles, 3.7 percent; Seattle, 5.8 percent; Miami, 6.0; and Palm Beach, Fla., at 6.5 percent.

Annual industrial rents should rise 2.4 percent this year and 2.9 percent in 2015. Net absorption of industrial space nationally is expected to total 110.7 million square feet in 2014 and 102.5 million square feet next year.

Retail Markets

Vacancy rates in the retail market are expected to decline from 9.7 percent currently to 9.5 percent in the fourth quarter of 2015.

Currently, the markets with the lowest retail vacancy rates include San Francisco, at 3.5 percent; Fairfield County, Conn., 3.9 percent; San Jose, Calif., 4.6 percent; Orange County, Calif., 5.2 percent; and Long Island, N.Y., at 5.3 percent.

Average retail rents are forecast to rise 2.0 percent in 2014 and 2.5 percent next year. Net absorption of retail space is likely to total 11.4 million square feet this year and jump to 18.9 million in 2015.

Multifamily Markets

The apartment rental market – multifamily housing – should see vacancy rates slightly increase from 4.0 percent currently to 4.3 percent in the fourth quarter of 2015. Vacancy rates below 5 percent are generally considered a landlord’s market, with demand justifying higher rent.

Areas with the lowest multifamily vacancy rates currently are Orange County, Calif., and Sacramento, Calif., at 2.2 percent; Providence, R.I., and New Haven, Conn., at 2.3 percent; and Hartford, Conn., at 2.5 percent.

Average apartment rents are projected to rise 4.0 this year and 3.9 percent in 2015. Multifamily net absorption is expected to total 216,300 units in 2014 and 171,200 next year.


  • 31

Wilmington, North Carolina – Quick Access Links

Category : Uncategorized

When looking to purchase or lease a property in the Wilmington / New Hanover County area here are some quick access links for your ease of access.

 

Local Associations

Wilmington Cape Fear Home Builders

Regional Commercial Alliance of South Eastern North Carolina

Wilmington Regional Association of Realtors

 

Government Websites

New Hanover County

City of Wilmington

Kure Beach

Wrightsville Beach

Carolina Beach

Cape Fear Public Utility Authority – Water and Sewer Department for Wilmington and New Hanover County

 


  • 27

Developing in Coastal North Carolina

Category : Uncategorized

Here is a great resource put together by BASE or the Business Alliance for a Sound Economy a division of the Wilmington Cape Fear Home Builders Association. The link discusses the and provides access to information regarding the proposed rule change by the EPA regarding wetlands and Water of the United States.

To Visit the Site, Click Here

 

At ECCRE, we believe in Real Estate Solutions in Real Time.


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Historical Article featuring Commentary – Discussing Need for Retail Development in Wilmington NC

Category : Uncategorized

This article from May 23 2014 discusses the current need for new commercial space in the Wilmington Metro Trade Area. Nicholas Silivanch, VP of Acquisitions and Leasing for ECCRE was quoted in the Greater Wilmington Business Journal Article.

Click here to read the Article

At ECCRE, we believe in Real Estate Solutions in Real Time.


  • 65

Recent News Article with Featured Quote – Scarcity of Retail Space in Wilmington NC

Category : Uncategorized

Nicholas Silivanch, Vice President of Acquisitions and Leasing for ECCRE was quoted in this article for the Greater Wilmington Business Journal discussing scarcity of retail space in Wilmington.

Click here for the article

At ECCRE, we believe in Real Estate Solutions in Real Time.


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Historical News Article – Lumina Station Reaches 100%

Category : Uncategorized

Lumina Station, a lifestyle center in Wilmington NC, represented by Team Silivanch at the time reached full occupancy under our tenant recruitment strategy. Our Tenant recruitment strategy has led Eastern Carolina’s Commercial Real Estates clients to have a higher occupancy and a higher rental rate which equates to stability and a higher return on your investment, than other firms in our area. For more information on how your property can benefit from our efforts click here.

For the article click here

For Lumina Stations Website Click here

At ECCRE, we believe in Real Estate Solutions in Real Time.


  • 186

Historical News Article – Sale of Outparcel at Fulton Station a Retail Center in Wilmington NC

Category : Uncategorized

This article discuss the sale of the last out parcel at Fulton Station, another ECCRE represented property.

Taco Bell purchases the final outparcel at this neighborhood strip center located at 17th Street ext and S College Road.

Click here for the article

At ECCRE, we believe in Real Estate Solutions in Real Time.


  • 2

Current State of the Apartment Sales Market – Wilmington NC

Category : Uncategorized

Wilmington has been hot with multifamily development and investment over the last several years. Climate, Educational Facilities (UNC Wilmington, Cape Fear Community College and several technical schools) and retirees who are looking to rent while they construct their retirement home. The link to the article discusses the roughly $240 Million in recent apartment sales in our region.

Click here for the article

Real Estate Solutions in Real Time

 


  • 138

Historical News Article – Sale, and Long Term Lease Back Strategy lead to Solution in Wilmington NC

Category : Uncategorized

Garry Silivanch is the featured broker in this investment sale article. Garry put together a investment plan for the tenant, located a purchaser and completed a sale and lease transaction on the building.

Click here for the Article

At ECCRE, we believe in Real Estate Solutions in Real Time.