We are delighted to find ourselves on the News & Observer’s Raleigh’s Best list for Commercial Real Estate companies. This marks our fourth consecutive year being voted as the best of the best in our industry.
We also see on these lists some of our fantastic tenants, vendors, clients and friends. Congratulations to all the winners!!
See all of Raleigh’s Best 2024.
At York, we believe that thriving communities are built on connection and collaboration. We are proud to have sponsored yesterday’s golf tournament hosted by the Raleigh Chamber, which brought together over 300 golfers on three beautiful courses. This event is a key networking opportunity for top business decision-makers in the Triangle.
At York Properties, we are committed to making a positive impact in our community. Recently, our staff had the opportunity to volunteer at Note In The Pocket, a local organization dedicated to providing quality clothing to homeless and impoverished children and families in need across Wake and Durham counties.
Like Note In The Pocket, we believe that it is unacceptable that children are limited in their educational and social development because they do not have appropriate clothes for school. Note in the Pocket partners with school social workers and human service agencies in the Triangle to distribute clothing to children and families experiencing homelessness and economic hardship.
We are delighted to announce the grand opening of Timber Pizza Co.’s first North Carolina location at High Park Village – a boutique shopping center leased and managed by York.
As the leasing representatives for the landlord, we are thrilled to have played a key role in bringing this exciting new tenant to our vibrant community. Located at 627 E Whitaker Mill Rd, Timber Pizza Co. is now open and ready to serve the local community with its signature pizzas and warm, inviting atmosphere.
This addition enhances the dining options available at High Park Village including J. Betski’s and HighPark Bar & Grill, making the center an appealing spot for both residents and visitors. The arrival of Timber Pizza Co. aligns perfectly with our vision of creating a local hangout where friends and family can gather, enjoy great food, and make lasting memories. “We are pleased to welcome Timber Pizza Co. to High Park Village,” said Kathy Decker, Property Manager at York Properties. “Their commitment to quality and community fits seamlessly with our goals for the shopping center, and we look forward to seeing the positive impact they will have on our neighborhood.”
For more information about leasing opportunities at High Park Village, contact broker John Koonce.
We are proud to to have Patty Friedman and Candi McDowell attending the IREM Global Summit this week!
The IREM Global Summit, taking place in Indianapolis, is a pivotal event for property and real estate management professionals. This year, the summit is expected to attract over 600 attendees from around the globe, providing a unique platform for networking, education, and collaboration within the industry. Participants will engage in a variety of activities, including committee meetings, core education sessions, and opportunities to explore the latest products and services that shape the future of real estate management.
Sources indicate that industrial building sales in the region are occurring frequently and at increasingly higher prices. For instance, a fully-leased warehouse in Raleigh recently sold for $14.4 million, almost triple its previous sale price. This trend suggests that the demand from manufacturers is driving up property values in the industrial sector, making it an attractive investment opportunity.
The manufacturing boom’s impact extends beyond industrial real estate. The influx of new workers associated with these manufacturing facilities is creating a ripple effect across other CRE sectors. The increased demand for housing is fueling the need for more residential real estate development, as seen in the numerous reports of new apartment and townhome projects in areas experiencing manufacturing growth, such as Wilson, Hillsborough, and Cary. The growing population of workers will also drive demand for retail spaces, restaurants, and entertainment options, potentially benefiting those commercial real estate sectors. Last, the expansion of supporting industries, such as logistics and supply chain management, further contributes to the demand for various types of commercial properties.
While the outlook for CRE growth in North Carolina appears promising, several factors could influence the market’s trajectory. The ongoing workforce shortage in the state, highlighted by the competition for skilled labor among companies like Wolfspeed and Toyota, could impact the pace of manufacturing expansion and, consequently, the demand for CRE. The broader economic climate, including interest rate fluctuations, inflation, and potential recessionary pressures, will also play a role in shaping the CRE market’s future.
The devastation our neighbors in Western North Carolina have faced in the wake of Hurricane Helene is unfathomable. This week we collected donations and are honored to have a very small part in helping those in need. 💙
Big thanks to our HR department for organizing, spreading the word, and running this effort!
