Cary Commercial Real Estate Market
Cary's commercial real estate market benefits from what may be the most attractive demographic profile in the Carolinas: median household incomes above $110,000, educational attainment rates among the highest in the Southeast, and a population that has grown from 50,000 to over 180,000 in three decades. This demographic density creates commercial demand that outpaces most similarly sized cities — retailers, restaurants, and service providers compete for Cary locations because the spending power per household is exceptionally high.
SAS Institute, one of the world's largest private software companies, anchors Cary's technology economy from its 900-acre campus. Epic Games' expanding headquarters adds gaming and interactive entertainment demand. These anchor employers, combined with thousands of Research Triangle Park commuters who choose Cary for its schools and quality of life, create a professional workforce that supports premium office rents, high-end retail, and specialized medical and dental practices. The Fenton mixed-use development has added a new premium retail destination that's attracting regional traffic.
For sellers, Cary's market dynamics are straightforward: supply is constrained by geography (surrounded by Raleigh, Morrisville, and Apex) and zoning (the town maintains strict development standards), while demand is driven by affluent demographics and corporate employment. This supply-demand imbalance supports property values and creates competitive bidding for well-positioned assets. Buyers range from local investors who know Cary's market intimately to institutional capital attracted by the demographics and the Triangle's growth story.
Top Property Types in Cary
Office & Tech
Cary's affluent demographics drive premium retail performance that exceeds most North Carolina markets. The Fenton mixed-use district, Waverly Place, Crossroads Plaza, and the Kildaire Farm Road corridor each serve distinct catchment areas with household incomes far above state averages. Restaurant and experiential retail tenants generate particularly strong rents, as Cary residents spend heavily on dining and lifestyle. Grocery-anchored centers with Harris Teeter, Whole Foods, or Wegmans (the retailer's first NC location was in Cary) are extremely liquid investment properties.
Retail & Mixed-Use
Cary's population density and affluent demographics create outsized demand for medical office, dental practices, and specialty healthcare. Properties along Kildaire Farm Road, near WakeMed Cary Hospital, and along the Tryon Road medical corridor see vacancy rates well below the Triangle average. Dermatology, orthodontics, concierge medicine, and pediatric specialty practices compete for premium medical space. Multi-tenant buildings with a diversified mix of healthcare specialties attract both local physicians and national medical REITs as investors.
Medical & Professional
SAS Institute and Epic Games anchor Cary's office market, but the broader demand comes from thousands of technology professionals and professional service firms choosing Cary for its quality of life and proximity to RTP. Office properties along Weston Parkway, Regency Parkway, and the Harrison Avenue corridor benefit from Cary's educated workforce and corporate connectivity. Modern, amenity-rich office buildings with collaborative space and outdoor features outperform dated office parks.
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Cap rates in Cary are among the lowest in the Triangle, reflecting affluent demographics, strong tenant demand, and limited inventory.
Why Cary Property Owners Work With John Salony
Dual Expertise
Most CRE agents don't understand business valuations. Most business brokers don't do real estate. John does both, giving you a complete picture of your property's value.
No Wasted Time
Pre-qualified buyers. Realistic pricing from day one. Clean financials and marketing materials that attract serious offers, not tire-kickers.
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Your tenants, employees, and competitors won't know you're selling until you're ready. Every step is managed with discretion.
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You pay nothing upfront. John's fee is earned only when your property sells. Your interests are fully aligned.
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