Q2 2012 Raleigh-Durham, North Carolina Retail Property Sales Analysis

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Q2 2012 Raleigh-Durham, North Carolina Retail Property Sales Analysis


Retail sales in Raleigh-Durham continued to be quiet in the second quarter, with Reis recording four for a transaction volume of $13.8 million. The mean price per-square-foot is reported at $75. The average cap rate is reported at 5.3%, and the 12 month rolling cap rate is reported at 6.8%. The lead sale of the quarter took place at 3603 Davis Drive, where 36,567 square feet sold for $3.6 million ($101 psf).