LIVE, WORK, PLAY
In the Triangle
by CBRE
LIVE
Population Growth
1,973,077
1,973,007 overall population
2.1annual population growth over the past 10 years
2.0% projected annual growth over the next 5 years
Wake County
64 people are added to the population per day, 21 are born here
43 move here
Universities
Raleigh-Durham’s strong education system continues to be a key economic driver attracting businesses to the market. Below is a snapshot of several major Universities in our market.
Student Enrollment
NC State Apple
NC State Text
Duke Apple
Duke Text
UNC Apple
UNC Text
Wake Tech Apple
Wake Tech Text
Apartment Leasing
133,000 total number of units
Apartment
95.1% occupancy rate overall
94.4% occupancy rate in Downtown Raleigh
WORK
Comparative Cost Per Square Feet (Office)
One of the reasons Raleigh-Durham is an appealing market to companies is its lower Class A office rental rates compared to other major downtown markets.
Downtown Class A Office Market Comparison (Q4 2019)
$33.07 Raleigh
$35.17 Atlanta
$56.71 Seattle
Desk
$34.02 Nashville
$33.45 Charlotte
$58.20 Austin
Co-Working
Coworking
1.2 million square feet of flexible space (coworking/executive suites) in the market
Coworking makes up 2.1% of RDU office market
Coworking Breakdown
38% Downtown Durham
27% Downtown Raleigh
14% RTP/I-40 Corridor
20% Other
Disclaimer
Tech
Ribbons
Tech Degrees
Startup Pipeline
Duke University
UNC
Tech Image
Under Construction
Construction Subtext
Construction Image
Overall
Office
Industrial
Retail
Multifamily
Raleigh
Durham
RTP
PLAY
Top 5 Places
that didn't exist 2 years ago
Drive Shack
Food Halls
Hi-Wire Brewing
The Dillon
One City Center
New Places
to be on the lookout for in the Triangle
HUB RTP
University Hill
Nexus
City Image

For more information, please reach out to
CBRE|Raleigh at 919.831.8200 or at www.cbre.us/raleigh

CBRE | Raleigh is the leading commercial real estate services provider in the Triangle market. As a part of the world’s premier, full-service real estate services company, our industry-leading platform provides unparalleled service to meet any client requirement from acquisition financing, investment sales, real estate portfolio management, property management, land representation services, to leasing commercial office, industrial and retail space.

© Copyright 2020 CB Richard Ellis-Raleigh, LLC, a Delaware limited liability company. Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CB Richard Ellis-Raleigh, LLC, a Delaware limited liability company, clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of the CB Richard Ellis-Raleigh, LLC, a Delaware limited liability company, or CBRE Global Chief Economist.