Title: Raleigh Market
1Raleigh Market
22008 Best Cities To Live, Work and Play
3- Oh it is so hard to be humble when you live in
such a wonderful place. Kiplinger recently named
Raleigh 2in Places to Live. Why did they choose
Raleigh? Aside with being a great place with
great weather and to raise a family, one of the
most important things is We have jobs! - The Raleigh-Cary market is one of only a handful
in the country that is not devastated by the
current economy. I dont have to tell you that we
have a mess out there but there is a safe haven
a Blue Chip area -- and that is called the
Raleigh-Cary North Carolina real estate market.
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5Raleigh Number ONE!!
- City has low unemployment, job growth, and high
incomes yet it still maintains a relatively low
cost of living. - forbes.com, 2/16/07
6Accolades for Raleigh-Cary
- 2 Best Place for Business
- Forbes, May 2006
- 2 Best Places for Business Careers
Forbes, May 2005 - 3 Most Educated City
- US Census Bureau, January 2006
- Top 10 Metro Areas for Job Growth
Business 2.0, May 2007
7Accolades for Raleigh-Cary
- Top Ten Tech Town (Raleigh-Durham, NC)
Wired Magazine, January 2007 - Top 50 Hottest Cities for Expanding and
Relocating Companies
Expansion Management - February 2007
8Accolades for Raleigh-Cary
- 7 Business Boomtown (Raleigh-Cary, NC)
Inc., May 2007 - 4 Hottest Job Market for Young Adults
Bizjournals, April 2007 - 8 Fastest Growing Metro in the Nation
- US Census Bureau, April 2007
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10Continued Job Growth
11We have jobs!!!
- Raleigh-Cary MSA Job Growth
- 2006 - 5.1
- 2007 - 3.6
- Unemployment 4.2
12Wake County Schools THE BEST!!
- Rated 1
- Best Public Education System in the Country
- Expansion Management, December 2005
- Rated 2
- Best Public Education System (Raleigh-Cary)
- Expansion Management, April 2005
- Rated 3
- Best Education in the Biggest Cities
- Forbes, February 2004
13Wake County Schools THE BEST!!
- Rated 1 School District in the Nation for
Certified Teachers (Wake County)National Board
of Certified Teachers, January 2007 - Gold Rating (Wake County Schools)Expansion
Management's Education Quotient, January 2007
14- One of the sweet spots in our market is the RTP
it is the heart of the Triangle. We call it
RTP, The Park, Research Triangle Park. But
whatever you call it is where much of the magic
happens.
15Research Triangle Park
16- We have diversity in our market. We are not
focused on one or two industries. We have four
mail economic anchors Education (NCSU, UNC and
Duke are the major universities where a lot of
research goes on) Medical Research (with
GlaxoSmithKline along with many clinical research
organizations) Technology (Software development
telecommunications (Cisco Systems and Nortel)
Government (EPA and State Government as we are
the Capital city of North Carolina)
17Cornerstones of Triangle Economy
- Government
- Medical Research Education
- Technology
18Raleigh/Triangle Area Largest Employers
- State of North Carolina - 36,725
- Duke Univ and Medical Center 27,328
- University of NC 15,588
- IBM 13,300
19Triangle Area Largest Employers
- Wake County Schools 12,997
- NC State University 7,787
- Wake Medical Center 7,000
- UNC Healthcare 6,819
- GlaxoSmithKline 4,800
20- Although 47,000 go to work everyday in the RTP,
there are 31,000 who go to work downtown. - When you think of a work force of over ½ million,
you can see employment is spread out over the
county and the beltline system provides easy
access to all.
21The Skylines Future
22- Lets talk about housing! That is where you come
in. We have a need for rentals in our area. The
days on the market to rent has been reduced. - Housing permits are down 47
- Sales are down 25
23Appreciation Last 10 Years
Information provided by Triangle Area Regional
Real Estate Report
24Inventory
25East and South East Wake County
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30Southwest Wake County
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36Continued Job Growth
37SMART Market
- Stable
- Momentum
- Appreciation
- Resilient
- Timely
38SMART
- Stable 4 cornerstones of employment
- Momentum - continue to get jobs that support our
highly educated work force - Appreciation continuing to grow in appreciation
and population - Resilient only last year did we notice national
economy - Timely cannot offer you a better time
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