Over 1.5 Million SF of Industrial Space in the Works in Garner
Garner, NC—The Triangle real estate market, to put it mildly, is smoking red hot. Everyday, companies from all over the nation and world are moving to the area. Garner is ready to accommodate those businesses. With great real estate partners investing in new space, Garner is strategically positioned to be able to offer perspective companies brand new industrial space in one of the fastest growing areas of the nation.
You can hardly turn on the news without hearing something about the tight residential market in the Triangle. High demand and low supply has led to one of the most competitive housing markets this area has seen. However, that same issue exists in the industrial real estate market as well. There simply is not enough space to accommodate all the demand.
Over the past several months, developers have flocked to Garner to put up new industrial warehouse and industrial flex buildings to meet the demand. Currently, there is over 1.5 million square feet of new industrial warehouse and industrial flex buildings either under construction or soon to be constructed. This new real estate inventory comes at the perfect time, as many existing companies are growing and needing to find a larger space and/or companies from outside the market seek to find a new foothold in the booming Triangle market.
Below is a list of projects that are currently in process:
Garner Business Park 70
Developer: Al Neyer
Broker: NAI-Tri Properties, Ed Brown (ebrown@triprop.com
Building 1 - 150,000 (leased) Building 2 - 124,014 (80,000 SF available) under construction Building 3 - 124,014 (available) under construction Building 4 - 240,000 (available) proposed
Beacon Commerce Park
Developer: Beacon Properties
Broker: CBRE, Ann-Stewart Patterson (ann-stewart.patterson@cbre-raleigh.com)
Building 1 - 280,147 (available) under construction Building 2 - 89,932 (available) under construction Building 3 - 189,192 (available) proposed Building 4 - 40,000 (available) proposed
Greenfield Business Park
Developer: Mason Properties
Broker: Trademark Properties, Sarah Warren (swarren@trademarkproperties.com)
Building 1 - 25,000 (leased) Building 2 - 25,000 (leased Building 3 - 25,000 (8,000 SF available) Building 4 - proposed
Developer: Wigeon Capital
Broker: NAI-Tri Properties, Jimmy Barnes (jbarnes@triprop.com)
Building 1 - 58,000 (available) under construction Building 2 - 96,000 proposed Building 3 - 58,000 proposed Building 4 - 150,000 proposed Building 5 - 49,000 proposed
Developer: Cencar Properties
Broker: All-In Realty, Kyle White (kwallinrealty@gmail.com)
Building 1 - Leased Building 2 - 9,600 (available) under construction Building 3 - 6,400 proposed
All this new space coupled with Garner’s strategic location (8 minutes from Downtown Raleigh and 25 minutes from the Research Triangle Park), the large pool of highly skilled and talented workforce, and business friendly approach, give the community a leg-up when it comes to being able to accommodate companies looking to locate in the area. These spaces are ideal locations for industries such as life science manufacturing, advanced manufacturing, medical device and technology/Research and Development.
For more information regarding economic development matters in the Town of Garner, contact Joe Stallings at 919-773-4431 or jstallings@garnernc.gov.
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