Editor’s Note: The “Future of Work” is a WRAL TechWire series, supported by commercial real estate firm JLL and other partners. Each week, WRAL TechWire reporter Jason Parker will host a LinkedIn Live interview or panel with subject matter experts to explore in greater depth the themes discussed throughout the special reporting series. The next event is Tuesday, May 3, 2022, at 11 a.m. ET. WRAL TechWire’s LinkedIn page is here.
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RALEIGH – Land is in demand, and that’s true in the heart of the Triangle near Research Triangle Park, but it’s also true in the wider region.
Demand isn’t limited to the center of the Triangle, Sarah Godwin, a senior director of capital markets at JLL told WRAL TechWire in an exclusive interview last month.
In fact, increasingly, the land in most demand is falling outside of the two traditional development corridors along I-40 near RTP and in east Raleigh, Matt Winters, executive vice president at JLL, told WRAL TechWire last month.
There’s significant residential development occurring in places like Fuquay-Varina, Garner, Sanford, Wake Forest, and Pittsboro, for example.
Plus, in addition to residential development, the region continues to attract investment. That’s coming across sectors, including from those seeking life science or laboratory space, industrial space, and office or flexible space.
Future of Work: With demand for space increasing, investors focusing on Triangle land
Join our LinkedIn Live
Tomorrow, WRAL TechWire reporter Jason Parker will welcome Winters to a live broadcast on LinkedIn Live. Winters and Parker will discuss land development, economic development, and one particular area of growth: The US-1 corridor, which connects Sanford to Apex and then Raleigh to the east, and connects Sanford to Greensboro to the north.
This corridor now includes the planned VinFast $4 billion facility, and a new building that will be occupied by FedEx Ground. Both companies selected Triangle Innovation Point. Winters is one of the commercial real estate brokers representing the owners of the site, responsible for marketing and leasing activity.
“There is an insatiable demand for land that can accommodate industrial projects,” said Winters in an interview last month. “In addition to longtime Raleigh stalwarts in industrial development, there is now great diversity of capital searching for industrial land in the Triangle, leading to increased competition and land values.”
The Future of Work series will continue on tomorrow’s LinkedIn Live broadcast, held Tuesday, May 3, at 11 a.m. eastern time. Additional special reports will be published on Tuesday, May 3, as well.
This editorial package was produced with funding support from JLL and other partners. WRAL TechWire retains full editorial control of all content.
More from the series
Special report: The future of the Triangle’s economy hinges on its spaces
Special report: Space in high demand, even as future of work remains uncertain
