Raleigh-Durham & Charlotte NC Among the Hottest Real Estate Markets
According to the 41st annual report from the Urban Land Institute, which cites a wide range of factors including tech jobs and real estate…Raleigh-Durham and Charlotte are number 2 & 4 among the hottest real estate markets.
Raleigh/Durham, with it’s a number 2 overall ranking, has seen steady investment in its suburban office and multifamily sectors. Additionally, this metro area market ranked at the top pf the rankings for developers looking for attractive homebuilding prospects. The report states that the area has and will continue to be hot investment for real estate investors. With both Duke University, the University of North Carolina, North Carolina State University, and the Research Triangle Park, the area has become a technology mecca, supplying more than 89,000 tech industry jobs. This makes the area a popular and extremely lucrative real estate investment location option.
Charlotte has also moved from previous rankings according to the latest findings. It placed 4th overall, up 5 spots from last year’s ninth place, and second in homebuilding prospects. It’s certainly not a surprise that real estate investors are coveting the Charlotte area. Similar to Raleigh-Durham, Charlotte continues to diversify its industry beyond the banking sector that dominated the economy for the past 2 decades. In addition to bringing in technology jobs, Charlotte has focused on infrastructure and growth. They are adequately preparing to be an investment hot spot and have expanded onto the airport for increased travel and tourism.
The study, which polled more than 2,200 leading real estate experts, including investors, fund managers, developers, property companies, lenders, brokers, advisers and consultants clearly shows that both of these areas have the eye of investors from all over.