RCA of Greensboro

Your source for Commercial Real Estate updates within the Greensboro area.

[RCA of Greensboro @grra_rca]

What an informative, packed session!😄👏

Thank you, Tammy for being here😁. Congratulations to our new Board of Directors!🏆

See you in exactly ONE WEEK for the RCA Tax Reappraisal Update!👋🔜📆

#commercialrealestate #GRRA #RCA #NCTriad #GreensboroNC

[Greensboro Realtors @GSORealtors]

On Tuesday afternoon, our @grra_rca and IREM chapters combined for a Police Chief Panel with @GSO_Police Police Chief John Thompson, @HighPointPolice Assistant Chief Peter Abernathy, Winston-Salem Assistant Police Chief Jose Gomez and Burlington Police Chief Alan Balog!

[RCA of Greensboro @grra_rca]

How will the Federal Reserve's recent rate cuts affect our future commercial real estate market?

July's CPI held at 2.7 percent year-over-year, while core CPI rose to 3.1% on sticky services. These figures are still both above The Fed's 2% target.

https://t.co/jdPLLYoa79

[RCA of Greensboro @grra_rca]

In exactly one week from today – Tuesday, August 26 from 11:30 a.m. to 1 p.m. – we'll be hosting our highly-anticipated Annual Economic Development Panel!👀📆🔜

This event is open to ‼️ALL GRRA members.‼️

https://t.co/0aoVfwLVIt

#GRRA #RCA #CommercialRealEstate #NCTriad

[NAR Research @NAR_Research]

"According to NAR, the U.S. market needs 367,000 more home listings at a maximum price of $170,000, 416,000 more priced at or below $255,000 and 364,000 more priced under $340,000 to fix the existing affordability gap."
https://t.co/2QP0jRKYeV

[RCA of Greensboro @grra_rca]

Make sure you familiarize yourself with the following presentation slides, as @nardotrealtor chief economist Dr. Lawrence Yun delivered an informative presentation!

You'll find CRE prices recovering, transaction volume, cap and vacancy rates.

https://t.co/pCCTACs3pw

[RCA of Greensboro @grra_rca]

Earlier today, we hosted our May Luncheon!🔙📅

Our guest speakers composed a Visitors' Bureau Panel, with representatives from Greensboro, High Point and Winston-Salem.🗣

The topic of discussion was local tourism!

#GreensboroNC #HighPointNC #WinstonSalemNC

[RCA of Greensboro @grra_rca]

Make sure you come on out to GRRA in just SIX DAYS! #AHWD

[Greensboro Realtors @GSORealtors]

From 9 a.m.-4:30 p.m. on Tuesday, May 13, we'll be hosting an At Home With Diversity Certification course!😁🏡🟰

You'll have the chance to earn the AHWD designation, complete four hours of CE and update your @nardotrealtor Fair Housing requirement.

https://t.co/IZDKESuQYq

[RCA of Greensboro @grra_rca]

We'd like to extend a huge thank you to ECS' Tyler Watkins and Scott Werley, who came to speak at our Environmental Trends panel yesterday!😁👏🪴

#RCA #commercialrealestate #EnvironmentalTrends

[RCA of Greensboro @grra_rca]

Roughly $15.7 billion in office loans were originated in this year's first quarter. There was $7.8 billlion in sales of office properties last quarter, up 9.7 percent from 2024's first quarter.

https://t.co/oBoAbXe2wi

#CRE #commercialrealestate

[RCA of Greensboro @grra_rca]

Even with our uncertain economy right now, National Association of REALTORS® Chief Economist Dr. Lawrence Yun points to the commercial real estate market strengthening with a subsiding treasury rate, debt reduction and increased domestic production.

https://t.co/dfwvPixmXP

[Greensboro Realtors @GSORealtors]

Yesterday was all about two things: real estate and legislature!🏡🏛

Several GRRA members spent the day in Raleigh for NC REALTORS® Legislative Day, which capped off the annual NCR Legislative Meetings!📅

#ncrealtorslegislativeday #ncrealtors #GRRA #greensboroncrealtors

[RCA of Greensboro @grra_rca]

The CRE job market is promising for 2025, according to a Ferguson Partners survey in the following article.

47 percent of both public/private investments shops and brokerages said they plan to increase staffing, an uptick from 37% in 2024.

https://t.co/PI3nyk8UlG

[RCA of Greensboro @grra_rca]

April is Fair Housing Month! REALTORS® play a key role in building thriving, inclusive communities. Reflect on our history, repair disparities & renew our commitment to fair housing.

#FairHousingMonth

[RCA of Greensboro @grra_rca]

CMBS delinquencies increased by 0.63 percentage points – to 5.78% – as 2024's 4Q ended.

Delinquencies for Fannie Mae increased to 0.57%, while delinquencies for Freddie Mac increased to 0.4%.

At banks and thrifts, loan delinquencies increased to 1.26%.

https://t.co/EaIfrj5FiC

[RCA of Greensboro @grra_rca]

2.3 million square feet of office space was absorbed in the SE. Vacancy rates are still at record high 14% nationwide. Demand for rental housing remains strong, with 550,000+ units absorbed in the last year. Rent growth is hovering around 1%.

https://t.co/EcBENMN6Zf

[RCA of Greensboro @grra_rca]

The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., rose 37% from 2023's fourth quarter to last quarter.

The index closed at a value of 259 last quarter, well above the 5-year pre-COVID average.

https://t.co/yaec7fq9ms

[RCA of Greensboro @grra_rca]

Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion this year, a 16 percent increase from $503 billion in 2024.

Multifamily lending alone is expected to reach $361 billion this year, a 16% increase.

https://t.co/8yjtqjMsQe

[RCA of Greensboro @grra_rca]

Positive net absorption reached 183,600 units during 2024's fourth quarter, the strongest fourth quarter performance in history and 12 times greater than the pre-COVID average.

#commercialrealestate #CRE #MultifamilyHousing

Read more below:

https://t.co/N7JB2PNiFP

[RCA of Greensboro @grra_rca]

We are extremely thankful that TREBIC President Jon Hardister, also a former NC House Majority Whip, came and spoke to our members earlier today at the first RCA Luncheon of 2025!😄🗣⬅️⏱

We are also proud to announce that our chapter, earned "Platinum" level accreditation!