Raleigh-Durham Commercial Real Estate Wrap-Up – September 2020

At the start of the month, the average number of new COVID-19 cases in North Carolina was declining. However, that trend did not continue, as the state saw a 28 percent increase in the number of new infections over the past two weeks, according to The New York Times. Meanwhile, several landmark deals closed in Raleigh-Durham in September, with investors poured capital into properties across a wide spectrum of asset classes. On the development side, companies moved ahead on large-scale projects that will significantly increase the market’s office supply.