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.
Need lease data before you reconcile?
lextract.io abstracts commercial leases into 126 structured fields in minutes — CAM definitions, pro-rata share, caps, base year, and more. No manual data entry.
Go to lextract.ioRelated Resources
Reconcile Raleigh-Durham, NC Properties
CapVeri accounts for market-specific vacancy, local tax timing, and property-type-specific expense pools in your reconciliation.
Start Free Trial