Accolades for the area this year included #1 Best State for Business by Forbes, #2 Best Place for Business and Careers by Forbes, #3 Top Market for Real Estate Investors in 2019 by PwC U.S., and #2 Highest-Growth Real Estate Markets of 2018 in the U.S. by Roofstock.
Amazon planted its roots in Raleigh-Durham, announcing the 2.6 million square foot distribution center development in Raleigh-Durham.
The state landed high-profile headquarter relocations and expansions this year following an increase to its incentives program. Raleigh based Pendo added 590 jobs and Advance Auto Parts announced plans to relocate its Fortune 500 headquarters to the Triangle market.
Significant job and population growth in the area, steady tenant demand, and decreasing vacancy rates create a favorable market for landlords in the industrial market.
The U.S. still remains an attractive investment for off-shore and domestic investors alike, as the economy is outperforming every other advanced economy.
Unemployment rate in the Raleigh-Durham market continues to remain well below the national average with a reported rate of 3.0%.