We’re calling it: 2015 was the year of the startup space. The Triangle area saw an explosion of new spaces open over the last 12 months, and plans already taking shape for at least three more in 2016.
American Underground and HQ Raleigh, the region’s largest startup communities, have been vocal about their challenges in expanding. Demand for more space continues, while the prices of real estate go up around them. And yet, the Triangle remains one of the least expensive places to lease space in the nation.
Both the cost of operating a business and the strength of the startup community helps to explain why companies like WillowTree Apps, Avalara, Queue Software and Cultures for Health have either moved to the Triangle or expanded their offices here. Most startup community leaders expect even more moves to the Triangle to occur as the region’s profile elevates nationally.
With all of these new spaces, and more to come, hopefully the Triangle will be able to balance the supply with demand and keep its affordability while doing so. Check out our recap of the spaces that opened in 2015 (and more to come).
Read the full story at:
http://exitevent.com/article/10-new-triangle-startup-spaces-opened-in-2015-151224
(Note: ExitEvent is a news partner of WRAL TechWire.)
