Posted on November 10, 2014 by info4karnesco - BrokerNet, Charlotte, Commercial Property Exchange, CRCBR, Events, New Features, New Subscribers, New Users, SiteIndex, Subscribers
The KARNES Team will be attending the CRCBR (Charlotte Region Commercial Board of Realtors) BrokerNet on Wednesday, November 12th from 5:30pm-7:30pm at The Unknown Brewery (1327 S Mint Street Charlotte, NC 28203).
This event will be a great opportunity for SiteIndex users to ask general questions, find out more information regarding recent upgrades and future system enhancements.
Please note that only members listed in the CRCBR directory are allowed to attend this event. Corporate Associate membership is handled on a per person basis, not per company. Complimentary beverages and appetizers will be provided, along with free parking.
This members-only event is no charge. To register, please click here.
Posted on November 7, 2014 by sales4karnesco - Asheville, Charlotte, Commercial Property Exchange, CPE Weblink, Greensboro/Winston-Salem/High Point, New Subscribers, New Users, Raleigh, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Uncategorized, Users, Western NC, WNC CPE
With only 2 months remaining in 2014, we reflect on new companies and brokers across North Carolina that have joined the past two months. We would like to welcome the following organizations and users, who will be utilizing the power of KARNES systems to make the remainder of 2014 a success!
Welcome New Members
- Karen Gleason at Mosaic Community Lifestyle Realty
- John Purdie at Mosaic Community Lifestyle Realty
- Sam Munday at NAI Piedmont Triad
- Tony Bates at NAI Piedmont Triad
- Tom Flanagan at NAI Piedmont Triad
- Nancy Cox at NAI Piedmont Triad
- Matt King at CBRE
- Mark Cartin at McColgan & Company
- Heide Foley at Sanur Brokerage
- Brian Shore at Bray Sales Agency, LLC
- Emmanuel Choice at Urban Equity Advisors, LLC
- Mark Mahoney at Colliers International
- Jeremy Owen at Steve Owen and Associates
- Robert Isner at NAI Piedmont Triad
- Katina Long at Coldwell Banker Commercial-MECA
- Ashley Blackburn at Greensboro Regional Realtors Association
- Jessica Jackson at Locus Real Estate Advisors, Inc.
- Pete Burgess at Burgess Management Corp.
- Michael Tuck at Grubb Properties, Inc.
- Mark Bloomer at ACT Realty Advisors, Inc.
- Deven Griffin at Colliers International
- Sherman Walters at National Restaurant Properties
- Frederick Maerkle at American Investment Brokers
- Spencer Bennett at The Meridian Realty Group, Inc
- William Yeager at Mosaic Community Lifestyle Realty
- Brownie Rogers at The Nichols Company
- Thomas B. Miller at Miller Development
- Vince Vickers at KW Commercial
- Chip Culler at Craven-Johnson-Pollock, Inc.
- Vince Simonetti at Sperry Van Ness/Commercial Real Estate Advisors
- Charles Mays at Coldwell Banker Commercial Triad
- Travis Carter at Koury Corporation
The following firms will also be utilizing the Weblink services provided by a KARNES system to power their website.
- Simpson Commercial Real Estate
- W. E. Damon & Associates
Not a subscriber? Contact our sales team today!
Posted on July 21, 2014 by info4karnesco - Chapel Hill, Charlotte, Commercial Property Exchange, Construction Update, Development, Durham, Greensboro/Winston-Salem/High Point, KARNES Perspective, KARNES Tri-City Report, Raleigh, Retail, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE
A combined total of 144.8 million square feet of retail space was located within the Tri-City area at the end of 2013. With a retail inventory totaling approximately 60.7 million square feet, the Charlotte market was the largest of the three North Carolina retail markets, accounting for 42% of the retail inventory. The Triangle market ranked second with 46 million square feet of retail space, while the Triad maintained 38 million square feet of retail space. After declining to a historical low of 541,782 square feet in 2002, retail construction increased to nearly one million square feet in the Tri-City markets during 2013. New retail supply during 2013 was most pronounced in the Triangle region, where 693,982 square feet of new space was delivered. The Charlotte region ranked second with 231,680 square feet of new retail space completed during 2013, while the Triad region reported 38,000 square feet of new retail during 2013. Only the Charlotte region reported a continued decline in new construction from the level reported in 2012. While retail construction in the Tri-City area increased during 2013, the level of new supply remained well below the 2.6 million square feet averaged annually between 2008 and 2011.
The relatively low supply-side pressures from new construction allowed for vacancy rates to decrease in all of the Tri-City markets during 2013. At 8.0%, the Charlotte retail vacancy rate decreased 0.6% of a point during 2013 as net absorption totaling 494,986 square feet outpaced the 231,680 square feet of new supply. Despite the decrease, the Charlotte vacancy rate remained above the 6.9% reported in 2008. The Triangle retail vacancy rate decreased 0.4% of a point during 2013 as net demand totaling 849,391 square feet outpaced 693,982 square feet of new supply. The Triangle’s 2013 vacancy rate of 6.6% was the lowest of the Tri-City markets, but remained 0.1% of a point higher than the 6.5% reported in 2008. New retail supply totaling 38,000 square feet in the Triad market was outpaced by net demand totaling 386,123 square feet during 2013. As a result, the Triad retail vacancy rate decreased 0.9% of a point to 10.1% from the 11.0% reported at the end of 2012. Despite the decrease, the rate remained 0.5% of a point higher than the 9.6% reported at the end of 2010.
Posted on July 21, 2014 by info4karnesco - Chapel Hill, Charlotte, Commercial Property Exchange, Development, Durham, Greensboro/Winston-Salem/High Point, Industrial, KARNES Perspective, KARNES Tri-City Report, Raleigh, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE
Karnes divides the industrial market is into two categories – warehouse and flex. At the end of 2013, the Tri-City markets contained a total of 105 million square feet of warehouse space and 34.6 million square feet of flex space. With over 52 million square feet of warehouse space, the Triad market accounted for approximately 50% of the Tri-City warehouse market. The Charlotte market ranked second with 34 million square feet, while the Triangle market maintained 18.4 million square feet.
The 178,250 square feet of warehouse space completed in the Triad market during 2013 accounted for all of the new warehouse space completed among the Tri-City regions. For the Triangle market, 2013 marked the fourth year in a row where no new warehouse space was delivered. Two warehouse buildings were delivered in the Triad market during 2013 with the largest being a 134,650-square-foot speculate building at 1023 Corporate Park Drive in Mebane. A total of only 564,738 square feet of new warehouse space was delivered in the Charlotte market between 2009 and 2013, while the Triangle market reported even less at 412,940 square feet. With the additional space delivered during 2013, total warehouse construction in the Triad during the same period totaled 469,750 square feet.
Posted on July 21, 2014 by info4karnesco - Charlotte, Commercial Property Exchange, Construction Update, Greensboro/Winston-Salem/High Point, KARNES Perspective, KARNES Tri-City Report, Office, Raleigh, SiteIndex, Triad CIE, Triangle, Triangle CPE, Western NC, WNC CPE
A combined total of 117 million square feet of office space is located within the Tri-City area. Totaling nearly 50 million square feet at the end of 2013, the Charlotte market is the largest of the three North Carolina office markets. The Triangle market ranked second with 41.4 million square feet of office space, while the Triad maintained 25.7 million square feet of office space. After reporting a total of 1.48 million square feet of new office construction in the Charlotte, Triangle, and Triad regions during 2012, new supply came to a halt during 2013 and marked the first time in over 25 years that no new office space was completed in the combined Tri-City region.
The decrease in supply-side pressure allowed for gains to be reported in each of the Tri-City markets. The Charlotte market reported the greatest gains during 2013 as net absorption (demand) totaling 1.3 million square feet resulted in a 2.5%-point decrease in the office vacancy rate. The year-end 2013 rate of 14.8% in Charlotte was the lowest vacancy rate among the three markets, with the Triangle and Triad both reporting a rate of 15.0%. The year-end 2013 Triangle vacancy rate was 0.6% of a point lower than the year-end 2012 rate as net absorption totaled 204,615 square feet. The Triad region reported a 0.2% of a point decrease in vacancy during 2013 as net absorption totaled 162,219 square feet.
With net absorption totaling 1.3 million square feet, the Charlotte region reported the highest level of net demand during 2013. The Triangle region ranked second in terms of office demand during 2013 with net absorption totaling 204,615 square feet. The Triad market reported 162,219 square feet of net demand during 2013. Four office tenants occupied over 100,000 square feet in the Tri-City markets during 2013, with the largest tenant occupancy reported at Ballantyne – Gragg Building, where MetLife took 284,212 square feet. MetLife also accounted for the fourth largest gain as the company took 104,747 square feet of space at Ballantyne Three. Ballantyne Corporate Park also accounted for the largest contraction during 2013 in the Tri-City markets as AXA Equitable Life Insurance relocated from 152,000 square feet at Ballantyne – Rushmore One to 141,647 square feet at Innovation Park Building 202.
Recently, our research team took the opportunity to check out the latest tenant activity at Charlotte’s SouthPark Mall, where a lot of changes were underway. The fall should see a flurry of new openings as stores currently under construction include:
Athleta Under Construction
Athleta, a fitness fashion brand for women that is part of the Gap’s ownership group, will open in the main entrance near Cheesecake Factory across from Starbucks in the space that formerly housed Wentworth Gallery, The Walking Company.
Boston Proper Under Construction
Boston Proper, a popular women’s fashion catalog and website, will open a boutique in the Sur La Table’s former space in the Nordstrom wing.
H&M Under Construction
H&M, or Hennes & Mauritz AB which sells cost-friendly contemporary clothing and accessories for women, men and children, plans for fall completion in the Macy’s wing. Dispaced tenants from H&M’s arrival include Aeropostale, Amy’s Hallmark, Copacetic, Pink & Blue, SouthPark Optical (relocated and opened in the Belk wing across from Gap), and Nestle Toll House (relocated to former Skechers at across directly across from its former location at the entrance of the food court).
American Girl Under Construction
American Girl, an experiential retailer of high-end dolls, doll outfits, accessories, girl-sized clothing, American Girl books, will open in the Macy’s wing in the spaces formerly housing Delia’s and Mori Luggage (relocated to the main entrance). The new store will also offer a 25-seat Bistro for Doll Hair Salon.
Armani Collezioni, a sub-label of Giorgio Armani, opened in the Neiman Marcus wing in June.
LUSH, an elite nail bar, will open in the former Rocky Mountain Chocolate Factory space at the entrance to the Macy’s Wing.
Sur La Table
Sur La Table relocated and opened in the former Anne Taylor space in the Dillard’s wing. Ann Taylor relocated to the former Justice space next to Banana Republic.
Kate Spade relocated next to David Yurman
Kate Spade New York recently relocated to the Nordstrom wing.
The Limited’s newly remodeled store
The Limited, recently closed its temporary store in the Macy’s wing, for the opening of its remodeled store which opened in June down the hall in the Macy’s wing.
Lacoste’s new location next to Lululemon
Lacoste relocated from their space in the Nordstrom Wing to Kate Spade’s former space in the Belk’s wing next to Lululemon.
Juicy Couture Closed
Juicy Couture closed next to Tori Burch in the Nieman Marcus wing.
If you have not registered already, please register now for the SiteIndex training to be held in-person prior to the BrokerNet on Wednesday, June 25th. This training will cover recent updates to SiteIndex as well as various key functions. The training will also provide a great opportunity for users to ask specific questions as well.
The training will be held from 2:30PM–4:30PM at the offices of Piedmont Properties in South End, located at 115 East Park Avenue, Suite B. Please keep in mind that this training session is limited to only 12 registrants and registration is available through SiteIndex using this link.
The KARNES team will be representing SiteIndex at the 2014 Commercial Spotlight. Commercial Spotlight is the largest CRCBR industry trade show and networking event and is expecting over 250 members of the Charlotte commercial brokerage community!
If you are present at the event, be sure to stop by the SiteIndex booth as we will have handouts, prizes, and a putting contest taking place!
The event will be held Wednesday, May 28th at 525 N. Tryon St., 7th Floor, Charlotte, NC 28202, from 5-7PM.
Join Managing Partner Andrew Jenkins and Market Analyst Will Harkins, Wednesday, April 9th, as KARNES and local commercial real estate professionals attend the 2014 CCIM Charlotte Market Forecast. KARNES is pleased to be a Statewide Bronze Sponsor of this event, as well as the Triad and Triangle Market Forecasts held last month. KARNES will be providing copies of our 3rd annual Tri-City North Carolina Commercial Real Estate Market Report at the event, so be sure to attend in order order to get your copy of this report, which provides provides an overview of the office, industrial, and retail markets in Charlotte, Greensboro/Winston-Salem/High Point, and Raleigh-Durham NC during 2013.
Speakers at the Charlotte Market Forecast will include discussions with NC Governor Pat McCrory and NC Secretary of Commerce Sharon Decker and will be moderated by Jim Rodgers.
The event will be held at the Carmel Country Club in Charlotte. Registration and networking will begin at 11:10am, and the program luncheon will begin at 12pm.
Posted on April 4, 2014 by sales4karnesco - Asheville, Charlotte, Commercial Property Exchange, Durham, Greensboro/Winston-Salem/High Point, Industrial, New Users, Office, Raleigh, Retail, SiteIndex, Subscribers, Triad CIE, Triangle, Triangle CPE, Users, WNC CPE
With Spring in the air, we are excited to welcome the following organizations and subscribers who will be utilizing the power of a KARNES-powered commercial property exchange to spring forward in 2014!
Welcome New Members
- Scott Farmer at Scott Farmer Properties, Inc.
- Lee Burgess at Amicus Commercial Real Estate
- David Krug at David Krug & Associates
- John Salisbury at Capstone Real Estate Services
- Brian Smith at CIP Real Estate Property Services
- Phil Begany at Lat Purser & Associates
- Marlane Klintworth at Lat Purser & Associates
- Stephen Woodard at JLL
- John Christenbury at Cassidy Turley
- Karen Mankowski at Newmark Grubb Knight Frank
Not a subscriber? Contact our sales team today!