NC - New Hanover County
NC - Outer Banks
DEMOGRAPHICS
Wilmington,
NC
1,924
357,853
151,270
$65,863
126,764
9.7%
MARKET HIGHLIGHTS
•;Wells Fargo Advisors
consolidated offices to Mayfaire.
•;Whole Foods begins
construction on first store in
Wilmington area.
•;New 36,000 SF building begins
construction and is 100% pre-leased.
•;Coldwell Banker Commercial
Sun Coast Partners’ Team
Silivanch leads the market in
Retail leasing.
•;Retail rental rates have
stabilized and have had a slow
turn upward over the last six
months.
•;Investor interest is strong from
outside of the market.
DEMOGRAPHICS
Kill Devil Hills,
NC
384
34,403
14,352
$76,503
15,324
15.7%
MARKET HIGHLIGHTS
•;The economy of the Outer
Banks area of North Carolina
continues to be reliant
upon the tourist community
and associated demand:
accommodations and food
service, retail trade, and real
estate sales and rentals.
•;Dare County building permit
values showed a 24% increase
from 2010. Notable new
commercial projects in 2011
included a 158,000 SF Lowes
and two new regional banks:
First Bank and Towne Bank of
Currituck.
•;Occupancy receipts for the
Outer Banks counties showed
promising increases from
2010, even with the impact of
Hurricane Earl just before Labor
Day weekend.
(910) 350-1200
www.cbcsuncoast.com
CONTACT
Coldwell Banker Commercial
•;Retail receipts continued a
modest decline in 2011. Retail
and food and beverage receipts
were severely impacted by
Hurricane Earl in August and
September.
Sun Coast Partners, LLC
Coldwell Banker Commercial
Seaside Realty
1430 Commonwealth Dr., Suite 102
Wilmington, NC 28403
(252) 255-6596
www.cbcworldwide.com
CONTACT
4900 N. Croatan Hwy.
Kitty Hawk, NC 27949
OFFICE
RETAIL
OFFICE
•;Sales of existing homes
continued to be flat, but steady.
Buyers are taking advantage of
the continued decline of median
home prices, lower interest rates
and the available inventory of
resort and retirement homes.
RETAIL
Vacancy
N
Vacancy
Q
Vacancy
P
Vacancy
P
Absorption
P
Absorption
P
Absorption
P
Absorption
P
Rental Rates
N
Rental Rates
P
Rental Rates
Q
Rental Rates
N
INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
Vacancy
N
Vacancy
Q
Vacancy
N/A
Vacancy
Q
Absorption
N
Absorption
P
Absorption
N/A
Absorption
N
Rental Rates
Q
Rental Rates
P
37 Rental Rates
N/A
Rental Rates
N
