The Triangle commercial real estate market is experiencing a level of buzz that may be unparalleled in its history, according to a news report by News & Observer.
Jones Lang LaSalle recently named the region as one of the next commercial real estate hot spots for office, along with Nashville, Denver, Salt Lake City and the East Bay in northern California. The Triangle has already been named as the 10th top market by the Urban Land Institute in its Emerging Trends in Real Estate report for 2015.
These accolades confirm what many local investors have known for some time now. The Triangle is no longer considered a tertiary market by institutional investors, and as real estate prices have skyrocketed in major coastal cities, this region’s attractive demographics and relative affordability have become major draws for yield-seeking investors from all over the globe.