2003 GREENSBORO/WINSTON-SALEM, NC MARKET AT A GLANCE
 

Top new retailers that have entered the market in 2003:
Greensboro – American Home Furniture Warehouse, High Point Rd, 150,000 SF
Total Wine, High Point Rd
Costco, I-40 and Wendover

Top new restaurants that have entered the market in 2003:
Jimmy John’s Gourmet Sandwiches

Top corporate entries and expansions in the market in 2003:
Krispy Kreme’s new headquarters, a $60 million project in Winston-Salem.  Also in Winston-Salem is the re-emergence of the former Wachovia headquarters as new leasable property, 650,000 SF

Top industrial entries and expansions in the market in 2003:
Greensboro – planned Fed Ex hub

Winston Salem – ARL, Inc. of Salisbury has plans for a 53,000 SF complex called Cedar Point.

Notable new office/retail/industrial projects in 2003:
Greensboro – largest retail development, Granite Developments, Wendover Village, 270,000 SF Costco-anchored at I-40 and Wendover

Winston-Salem – Mount Tabor Place, new development with a second phase of 41,300 SF under construction.

Vacancy factor marketwide  RETAIL        OFFICE          INDUSTRIAL 
Winston-Salem                       5.8%            16.3%                 5.5%
Greensboro                            6%               19.2%                  7.4%
Triad                                      5.2%            18.2%                  6.2%

Comments worthy of attention:
There is a proposed baseball stadium for downtown Greensboro.  The buzz is that it will help spur on commercial growth in the CBD and perhaps bring it back to life.