One major NC city is among 10 cities that’s primed for a real estate recovery.  The Raleigh/Durham area is likely to escape the commercial real estate scourge and transition soon to a bona fide recovery.  Raleigh has a vacancy rate of 14.7%, up 3.6 points from last year, 2008. 

A mix of government jobs, higher ed, health care, and technology has helped this progressive area pull off a neat trick: Population is growing at a healthy 3 percent rate, but the unemployment rate remains one of the lowest in the state. Vacancy rates will rise slightly in 2010 and some tenants will get a break on rent, but metro Read the rest of this entry »