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Rankin Commercial Properties exceeds 18,000 website visits in May 2010 sees increase in Retail Space Searches.
Rankin Commercial Properties released marketing results today for May 2010 showing 18,327 website visitors in May 2010.
Raleigh, NC (RCPNEWS) 08, June 2010 – Rankin Commercial Properties announced marketing statistics for May 2010 showing over 18,000 unique website visitors.
Rankin Commercial Properties a full service commercial real estate firm in Raleigh, North Carolina, has been a market leader in online marketing of their property listings. In May 2010 Rankin Commercial Properties had 18,327 unique website visitors.
“Rankin Commercial Properties is revolutionizing the way Commercial Properties are marketed on the internet, we have seen significant increases in traffic to our site, as well as leads for additional information on properties we have listed or Tenant/Buyer Representation requests” said Charles Rankin, President and CEO of Rankin Commercial Properties.
Based on a sample survey of the visitors from the Triangle Region of North Carolina, Rankin Commercial Properties estimates:
For Lease or For Sale Searches:
55% Commercial Properties For Lease
23% Commercial Properties For Sale
22% Either
Property Type of Interest:
16% Multi-Family Properties
10% Industrial Properties
3% Land
33% Office Space
38% Retail Space
City of Interest:
35% Cary
92% Raleigh
9% Durham
14% Surrounding Areas
“The leasing market is continuing to strengthen in the Triangle Area, although we have seen a slight increase in purchase and investment interest. Another key point about May’s results shows a significant increase in retail interest and decrease in industrial” said Mr. Rankin.
Rankin Commercial Properties completed mainly office and retail leases in the first quarter of 2010 and similar to their website traffic results has picked up on retail transactions during the second quarter.
The stats also indicate searches are mainly in the 1500-3500 SF range although industrial interest for the month showed an increase in searches for properties over 10,000 SF.
About Rankin Commercial Properties LLC:
Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company. Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.
Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.
Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate
Contact:
RCP Marketing Department
800-737-9632
European Debt Crisis will not trump a comeback in United States Commercial Real Estate
According to Rankin Commercial Properties, overseas debt fears won’t have additional back lashes on U.S. commercial real estate.
Raleigh, NC (RCPNEWS) 27, May 2010 – Rankin Commercial Properties in a company market report they do not believe overseas debt problems will prevent a comeback in the United States commercial real estate market.
“The current ‘Debt Crisis’ in Europe is completely different than 2008’s mortgage fallout,” explains Charles Rankin, President and CEO, “in a worst case scenario it threatens $1.7 Trillion Euros a mere fraction of the Mortgage crisis. The only immediate threat is a Trillion Dollar loss in household net worth from the May market correction stemming from the uncertainty over our Eurozone counter parts.”
While Rankin Commercial Properties does not consider themselves experts over the financial markets, they daily monitor economic data, trends, and markets as part of their overall strategic direction. “The information pouring out of the market on a daily basis gives us the ability to be agile and versatile in what we see as a national recovery, and then focus our strategic plans in the path of least resistance” explained Charles Rankin “The May pullback definitely deterred some investors and lessees, however, we believe the correction was needed to help increase long term confidence in our business markets, as things in April almost seemed to be moving ahead too quickly which increased uncertainty as many believed some sort of short fall was imminent. We’ve now seen a clear picture of what that short fall is, and as we gain more and more clarity on the issue and see faster solutions, we believe it will increase confidence making our recovery stronger.”
So what type of strategic directions does the company have? “We have been contemplating a diversified Real Estate Fund which would focus primarily in North and South Carolina, as well as Virginia near the DC area. While we have been slowly prepping the SEC documents, we have also been observing acquisition as well as leasing activities in those markets. What we are seeing is a steady increase in leasing activity yet still no real significant increase in acquisitions which bodes well for our plans” said George Upchurch, Executive Vice President of Operations “This works well with our plans as we want to find good deals in a strengthening leasing market.”
“The current ‘Euroland’ issues most likely just bought us another 60 days on our plans as the impact on our financial markets has taken some confidence from buyers. However, we say 60 days since we feel the ‘Euroworld’ uncertainty will be short lived” added Charles Rankin.
Rankin Commercial Properties also pointed out the fact that increased consumer confidence, retail sales, and corporate data all indicate moderate economic growth and significantly less leveraged corporations. They believe these results bode well for overall economic recovery. “Commercial REITs focused on Mall and Super Center ownership are looking extraordinarily strong as the credit behind their tenants continues to improve monthly” said Rankin “however grocers still look weak as many struggle to recover with and therefore strip centers are less attractive.”
The company’s main focus remains on second generation space. “Historically, the real driving force behind economic recovery lies in the local privately held businesses. Americans are resilient when it comes to being innovative and most recessions cause an increase in productivity, not just in the larger corporations, but in the overall independent business owner. While the small business cycle still appears to be facing significant head winds, we believe the productivity in small businesses is about to erupt into something extraordinary, similar to previous recessions, forming many new business concepts and ideas. While the small business market is generally less credible than the corporate market, small business owners have the innovation, drive, and ambition many corporations lack.”
The company also believes as larger corporations emerge into post recession they will seek lower cost structures making second generation space attractive to even the classiest of corporations. The 2005-2007 development boom lead rental rates to all time highs for businesses demanding classy appearances, however, those days may be far from recovery.
“The commercial real estate industry going forward will enter a ‘recycling frenzy’ as developers seek out older assets with significant potential to ‘reface, remodel, and release’ older assets… there’s much more money in it, especially when the costs of acquiring those assets is significantly priced lower than new construction and can yield similar high rents” said Rankin. He also believes new construction will materialize through more mixed use projects. “Retiring baby boomers are steering away from their suburban roots and looking to copy cat the more youthful Live, Work, Play attitude of the Gen X workforce. Who prefer lower maintenance yards, closer shopping, and more social atmospheres, best accommodated by condominiums and apartments above shops retail and dinning. Additionally, as the upcoming generation and governments become more energy conscious and autos steer in the direction of electric power, shorter traveling distances will help feed the Mixed Use Development concepts.”
About Rankin Commercial Properties LLC:
Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company. Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.
Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.
Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate
Contact:
RCP Marketing Department
800-737-9632
Rankin Commercial Properties releases the EDGE school in Durham, NC
Rankin Commercial Properties announced the releasing of a 6500 SF office space in Durham North Carolina.
Raleigh, NC (RCPNEWS) 23, May 2010 – Rankin Commercial Properties announced today they had released a 6500 SF Office Space in Durham
The 6,500+/- SF office space, previously leased to EDGE is located at 800 N Mangum Street in Durham. Samuel Thornton of Rankin Commercial Properties represented the landlord side of the transaction.
Details of the new tenant have not yet been disclosed. “While it was a shame to see EDGE go, we believe the new tenant will also bring a lot to the community and are looking forward to watching their establishment grow” said Charles Rankin, President and CEO of Rankin Commercial Properties.
This is the third time in three months Rankin Commercial Properties has evicted a tenant with an immediate replacement this year. In February Rankin Commercial Properties evicted a restaurant tenant in Downtown Cary and signed a lease the next day with Mediterraneo. In March Rankin Commercial Properties evicted a 2,000 SF hair salon in Raleigh and immediately released the space to a stronger medical user, and in April, Rankin Commercial Properties evicted EDGE releasing their space immediately to another new tenant.
“You have to pat those guys on the back” said Ian Holmes of Lorian Investment Group, “they have been able to navigate an extremely difficult environment, constantly on their toes, acting quickly to take advantage of opportunities in the market and keep their properties leased.”
Rankin Commercial Properties manages the property at 800 N. Mangum Street.
About Rankin Commercial Properties LLC:
Rankin Commercial Properties (RCP) is a Full Service Commercial Real Company. Encompassing all aspects of commercial properties, RCP offers Property Management, Brokerage Services, Tenant Representation, Landlord Representation, Facilities Services, Property Maintenance, Construction, Landscaping, and Cleaning & Janitorial Services. The company currently employs over 13 full time and part time personnel.
Rankin Commercial Properties is North Carolina’s Premier Source for Commercial Real Estate Expertise. Our team specializes in Office, Retail, Industrial, Land, and Investment Properties. Unlike most Commercial Real Estate Companies, Rankin Commercial Properties (RCP) is a Full Service Commercial Real Estate Company offering Landscaping, Cleaning & Janitorial, Property Management, Brokerage, Marketing, Maintenance, and Financial Services. Our “all around, hands on” approach not only gives us the knowledge to negotiate fair deals, but the ability to lower operating costs for most investment properties. The Rankin Team has an uncanny ability to creatively and analytically determine proper solutions to every commercial real estate need. Rankin Commercial Properties is devoted to building long term relationships with its clients and community.
Cary Retail Space, Cary Office Space, Cary Commercial Real Estate, Raleigh Retail Space, Raleigh Office Space, Raleigh Commercial Real Estate
Contact:
RCP Marketing Department
800-737-9632
Rankin Commercial Properties News 