The demand for industrial space in the Raleigh-Durham market is catching up to, and in some cases, outpacing construction deliveries.
As of February 2018, the Triangle unemployment rate was reported at 4.0%, 0.1% lower than the national unemployment rate. Wake County added 4,259 jobs (in 14 new companies and 46 expanding companies) adding a total investment of $38.3M from October 2017 to March 2018.
The U.S. unemployment rate was reported at 4.1%, the lowest rate in over 15 years. Jobs and import/export trades have recorded positive results across the country with no signs of slowing. Consumer confidence coupled with continued wage growth will prove to be especially positive for the Triangle’s industrial market.
2018 Q2 Raleigh Durham Industrial Report
Author: Kelsey Rogers
Date Published: 07/26/2018