Raleigh-Durham, NC CAM Reconciliation Guide
Vacancy rates, property tax system, operating expense benchmarks, and market-specific CAM billing considerations for Raleigh-Durham, NC commercial landlords.
Current Vacancy Rates
Source: CBRE/JLL Q4 2025 Market Reports
Average CAM per Square Foot
Property Tax System
Wake County Revenue Department / Durham County Tax Administration
File informal review, then formal appeal to county Board of Equalization and Review. NC Machinery Act governs. Revaluation every 4-8 years (Wake County typically every 4).
~0.9-1.1% effective rate
Key Submarkets
CAM Billing Considerations
- Research Triangle Park campus-style properties have unique CAM structures
- Life science/biotech lab space expanding rapidly with specialized costs
- Split metro across Wake and Durham counties with different revaluation schedules
- Apple, Google, and Epic Games campuses driving demand shifts
- Lower cost basis than peer tech markets keeps CAM per SF modest
BOMA Raleigh-Durham
Market Context
Research Triangle's R&D campus format creates unique CAM allocation challenges compared to traditional multi-tenant office. Two different county assessment schedules add reconciliation complexity for portfolios spanning the metro.
Related Resources
Reconcile Raleigh-Durham, NC Properties
CapVeri accounts for market-specific vacancy, local tax timing, and property-type-specific expense pools in your reconciliation.
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