Views
7 months ago

RCG 17 Guide to Markets FINAL[1]

SECTION 2 | METRO

SECTION 2 | METRO FORECAST SUMMARIES Metro: Raleigh Benchmark: Red 49 Payroll Job Summary Total Payrolls (4Q17) 947,267 4Q17 Year-on-Year Change 26,700 / 2.90% RCR 2018 Forecast 39,100 / 4.13% RCR 2019 Forecast 20,200 / 2.05% RCR 2020 Forecast 16,400 / 1.63% RCR 2021 Forecast 13,800 / 1.35% Payroll Job Summary Total Payrolls (4Q17) 75,856,600 4Q17 Year-on-Year Change 1,287,000 / 1.73% RCR 2018 Forecast 1,587,500 / 2.09% RCR 2019 Forecast 1,128,900 / 1.46% RCR 2020 Forecast 916,200 / 1.17% RCR 2021 Forecast 999,000 / 1.29% Occupancy Rate Summary 4Q17 Occupancy Rate (Reis) 95.36% Occupancy Rate Summary Occupancy Rate (Reis) 95.44% RED 49 Rank 25 Annual Chg. (Reis) 0.0% RCR YE18 Forecast 95.3% RCR YE19 Forecast 96.0% RCR YE20 Forecast 96.3% RCR YE21 Forecast 95.9% Annual Chg. (Reis) -0.4% RCR YE18 Forecast 95.0% RCR YE19 Forecast 95.2% RCR YE20 Forecast 95.2% RCR YE21 Forecast 95.2% Effective Rent Summary Mean Rent (Reis) $989 Annual Change 4.3% Effective Rent Summary Mean Rent (Reis) $1,342 Annual Change 3.9% RED 49 Rent Change Rank 17 RCR YE18 Forecast 4.2% RCR YE19 Forecast 3.9% RCR YE20 Forecast 4.4% RCR YE21 Forecast 3.5% RCR YE18 Forecast 3.8% RCR YE19 Forecast 3.4% RCR YE20 Forecast 3.1% RCR YE21 Forecast 3.2% Total Return Summary Expected Total Return 7.63% Total Return Summary Avg. Expected Total Return 6.97% ETR RED 49 RANK 10 Risk-adjusted Index (RAI) 3.42 Risk-adjusted Index (RAI) 4.16 RAI RED 49 RANK 373 Generic Purchase Cap Rate 5.20% Derived Terminal Cap Rate 5.76% Average Purchase Cap Rate 5.21% Average Terminal Cap Rate 5.79% 90

SECTION 2 | METRO FORECAST SUMMARIES Raleigh Occupancy Rate History and Forecast Souces: Reis, Inc. History and RCR Forecasts RED 49 Occupancy Rate Raleigh Occupancy Rate 98.5% 97.5% 96.0% 96.3% 95.9% 96.5% 95.5% 95.4% 95.3% 94.8% 94.5% 93.5% 92.5% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 Raleigh Rent Growth History and Forecast Souces: Reis, Inc. History and RCR Forecasts RED 49 Year-On-Year Rent Growth Raleigh Year-On-Year Rent Growth 7% 6% 5% 4% 4.3% 4.2% 3.9% 4.4% 3.5% 3% 2.0% 2% 1% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 Raleigh Payroll Job History and Forecast Souces: BLS History and RCR Forecasts RED 49 Year-On-Year Payroll Growth Raleigh Year-On-Year Payroll Job Growth 5% 4.1% 4% 2.9% 3% 2% 2.0% 1.6% 1.3% 1.5% 1% 0% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 91

2014-8-6-RCG-Margin-Tax-Rpt-FINAL-1
NYCOSH Protecting Worker 1-17-14 FINAL
appg-booklet-final-17-mar-14-asbestos-in-schools--2-1-
Quick Start Guide 1 Guide de Démarrage Rapide 17
Global-Priority-Market-Analysis-FINAL-VERSION-1
2016/17 VISITING GUIDE
Skilled-Trades-and-Training-Guide-FINAL-PDF-(1)
Genesis 17:1-14
1|17