November 1, 2009
October 19th, 2009
KARNES is pleased to announce the launch of a new version of the Charlotte Region Commercial Property Exchange. With this upgrade, we have greatly enhanced many of the core functionalities of the Commercial Property Exchange which dramatically improves our members’ experience.
What’s New in Version 3.0
Enhanced Searching and Filtering Capabilities
Utilizing the latest in web technologies, CPE 3.0 streamlines searching to improve response and data delivery time and maximizes search efficiency to get the results you want fast.
- Searching – One easy platform allows you to search All Listing Methods (For Sale, For Lease, For Sublease) of All Status (Available, Under Contract, Closed Sold/Leased, Withdrawn).
- Results Display- Easily view summary level listing information, change search parameters, customize and sort display information, toggle to mapped results, save search or start a new search.
- Integrated Search Filter – Add, edit or remove search parameters to refine results and improve the way you locate listings.
- Quick Search – Enter keywords and unique property features to rapidly search the entire data set.
- Comp Searches – Sale and Lease Transactions are easily accessed from the Transaction History and Sold/Leased fields of the Main Search and Result Filter and easily viewed in results as an added display option.
Upgraded Map Results and Search Tools
CPE 3.0 integrates Google Maps, a leading online provider of mapping technologies, as its map service which improves geocoding accuracy, result load time, satellite and hybrid imagery, and polygon and radius search capabilities.
- Mapped Results – Search Results are automatically mapped, improving load time and allowing you to toggle between the summary listing details and mapped results.
- Map Search – Efficiently view mapped search results then narrow and expand search criteria with the integrated search filter to dynamically meet your search needs.
- Polygon Search – Create and define your own search area to capture the results you want.
- Radius Search – Define the distance and center of your search area to capture the results you want.
Improved Listing Delivery Methods
CPE 3.0 allows for quick and easy printing, emailing and creation of customized PDF reports of a single property, multiple properties from Search Results, and properties saved in Portfolios.
- Print Listing – One click will create a print version of the Property Overview of a single listing or Summary of multiple listings.
- Email Listing – Send an email with a link to the Property Overview of a single listing or Summary of multiple listings.
- Customized PDF Reports – Produce professional quality customized PDF brochures of single listings or multiple listings with integrated Report Headers, enhanced Brochure Formats, and user defined Brochure Styles.
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Posted by karnes
October 17, 2009
Among Charlotte-area warehouses and distribution centers, vacancy rates are rising. Rents are falling. Yet two local developers are betting now is the time to build more than 300,000 square feet of new industrial space…Charlotte’s industrial market has fared relatively well during the recession compared with the office and retail markets because developers didn’t overbuild, said Karnes analyst Andrew Jenkins. One reason is developers grew cautious when industrial vacancy rates peaked at 19.2 percent in 2003, Jenkins said, “scaring everyone into being careful where they built.”
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Leave a Comment » | Charlotte, In the News, Industrial | Tagged: 2009, Charlotte, In the News, Industrial, Karnes | Permalink
Posted by karnes
September 19, 2009
September 19, 2009
Charlotte Business Journal
A Matthews developer may do something next year that has been rarely accomplished in the Charlotte area in this economy: Start construction of a mixed-use commercial center…Having Waxhaw sign on to the project may be the key to finding financing, says Andrew Jenkins, managing partner of real estate analysis firm Karnes Research Co. in Charlotte. Such an agreement “would ultimately be the main draw for the project,” he says. The Commons at Wesley Chapel, a commercial center with a Target store, may provide competitors for small shops, Jenkins says.
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Leave a Comment » | Charlotte, In the News, Retail | Tagged: 2009, Charlotte, In the News, Karnes, Retail | Permalink
Posted by karnes
August 21, 2009
August 21, 2009
Triad Business Journal
Vacancy rates for industrial, office and retail real estate in the Triad were mostly stable in the second quarter compared to the first quarter of this year, according to the latest set of reports from Karnes Research…Retail vacancies crept up in the quarter to 10.5 percent from 10.3 percent in the first quarter, the company reported. Forsyth County’s vacancy rate was higher at 11.7 percent, compared to 9.9 percent in Guilford County. The negative net demand was mostly due to the closing of locations by Peak Fitness, Goody’s and Linens N Things, the report said….
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Leave a Comment » | Greensboro/Winston-Salem/High Point, In the News, Retail | Tagged: 2009, Greensboro, High Point, In the News, Karnes, Retail, Winston-Salem | Permalink
Posted by karnes
August 14, 2009
August 14, 2009
Charlotte Observer
Two reports on Charlotte’s commercial real estate market released this week show a continued decline in demand for commercial space as employers contract and retailers close up shop amid weak consumer spending….Net absorption, or the amount of space occupied minus the space vacated, was negative 134,800 square feet during the first half of this year for Charlotte-area office space, according to Karnes Research. Last year, net absorption was a positive 670,800 square feet. The two years prior it was around 1.4 million per year. “Demand is down, a lot,” said Karnes analyst Andrew Jenkins.
Also noteworthy: No new buildings were completed in the suburbs during the first half of this year. That hasn’t happened since 1992, Jenkins said. Last year, developers put 2 million square feet of new space on the market, all of it in the suburbs, according to Karnes. “It’s a good sign the developers have pulled back and are aware of what was going on,” Jenkins said. “They’re tightening belts, and it’s hard to find financing to build new buildings. At least they recognize this is not a good time to be delivering speculative space.”
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Leave a Comment » | Charlotte, In the News, Industrial, Office, Retail | Tagged: 2009, Charlotte, In the News, Industrial, Karnes, Office, Retail | Permalink
Posted by karnes
July 31, 2009
July 31, 2009
Charlotte Business Journal
The Meridian Corporate Center is officially out of receivership and under new ownership. The owner of the 1.9 million-square-foot University Research Park office complex handed the property over to its lender, The Hartford Financial Services Group Inc., earlier this month in lieu of foreclosure. The transaction was valued at $110 million…Although the litigation between Hartford and Cerberus continues, the Meridian Corporate Center likely becomes more marketable now that it’s out of receivership and has clear ownership, says Andrew Jenkins of Karnes Research Co. And given the current economy, it’s unlikely that Hartford would be able to find a buyer for the office park in the short term anyway, he says.
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Leave a Comment » | Charlotte, In the News, Office | Tagged: 2009, Charlotte, In the News, Karnes, Office | Permalink
Posted by karnes
July 25, 2009
July 25, 2009
News and Observer
Plans for a massive mixed-use development are taking shape beyond the right field wall of the Durham Bulls Athletic Park.
Scientific Properties has won site plan approval for its Van Alen project, which would be downtown’s biggest new-construction project and could feature the city’s tallest building….Overall, the Triangle’s office vacancy rate hit a four-year high of 15.4 percent at the end of March. Downtown Durham’s office vacancy rate was 10.8 percent at the end of March, down from 16.1 percent a year earlier, Karnes Research data show. No other corner of the region filled offices as quickly.
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Leave a Comment » | In the News, Office, Triangle | Tagged: Durham, In the News, Karnes, Office, Triangle | Permalink
Posted by karnes
July 17, 2009
July 17, 2009
Charlotte Business Journal
The developer of Riverwalk, a planned $600 million mix of businesses, homes and shops, has a new partner that could help get the stalled project near the Catawba River off the drawing board….Andrew Jenkins, managing partner of Karnes Research Co., a real estate consulting firm in Charlotte, says big projects such as Riverwalk are viable if financing can be found. The banks and big investors need some positive economic news to bring them back to the real estate development market. “So if (developers) are able to convince investors that their project is a long-term project with modest returns and a less risky investment to, say, the stock market, there should always be opportunity for larger projects in the future,” Jenkins says.
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Leave a Comment » | Charlotte, In the News, Retail | Tagged: 2009, Charlotte, In the News, Karnes, Retail | Permalink
Posted by karnes
June 25, 2009
June 25, 2009
Charlotte Observer
The Charlotte branch of the Federal Reserve Bank of Richmond is looking to become a landlord. The Fed has chosen Percival McGuire Commercial Real Estate to lease 34,000 square feet within its uptown office….Real estate analyst Andrew Jenkins with Karnes Research said the Fed may have trouble finding a taker in this market. The vacancy rate for office space of all types is rising and average lease rates have been falling in an economy where tenants are skittish about signing long-term commitments. The building’s age could also hurt, particularly as about 3 million square feet of new office space is due to come on the market soon…Still, Jenkins said, some companies, such as those that work with both of Charlotte’s major banks, may prefer to be in what he called a “bank-neutral” building…
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Leave a Comment » | Charlotte, In the News, Office | Tagged: 2009, Charlotte, In the News, Karnes, Office | Permalink
Posted by karnes
June 16, 2009
June 16, 2009
Charlotte Observer
Phillips Place has snagged a new tenant: luxury sporting goods retailer Orvis Company Store, a relative coup in a recession that will soon add a vacancy to the high-end shopping center…Retail vacancy rates in the Charlotte area have been steadily rising since hitting a low of 4.9 percent in 2004, according to Karnes Research Co. Still, the latest rate – 6.9 percent as of the end of 2008 – is better than in previous downturns, said Karnes real estate analyst Andrew Jenkins. In 2002, area vacancy rates hit 7.6…
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Leave a Comment » | Charlotte, In the News, Retail | Tagged: 2009, Charlotte, In the News, Karnes, Retail | Permalink
Posted by karnes
