PwC’s Emerging Trends in Real Estate 2022 is now available and lists Raleigh-Durham as one of the top three fastest-growing metro areas in the U.S.
It is highlighted in an interestingly titled new category: Supernovas.
An excerpt from the report: “The Supernova markets are on a tear. In astronomy, a supernova is the explosion of a star that creates unusual brilliance, but more generally the term refers to things that explode into prominence or popularity. So it is with the metro areas in this new category. All are affordable smaller markets with between 1 million and 2 million residents. But their defining attribute is their tremendous and sustained population and job growth, which is well above national averages. These are true magnet markets, particularly for educated millennials. Over the past two years, the number of residents in these metro areas has grown by an average of 3.6 percent, more than four times the U.S. population growth of 0.8 percent over the same period.
Despite their relatively modest size, all the Supernovas have above-average levels of economic diversity and white-collar employment, factors that explain their strong investor appeal and should help them sustain further high growth in the years ahead.”
Ready to make your move into this massive growth market? For information on North Carolina commercial real estate – including industrial, land, retail, office, and flex properties – contact our team today.