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Growing like gangbusters: residents flock to Raleigh-Durham

• Raleigh-Durham has seen an explosion of growth over the last few years, adding over 250,000 residents to the population since 2010. Approximately one third of that growth is driven by births in the region, meaning the majority of people are moving here.

• Data from the Census Bureau asks respondents whether they live in the same residence as one year ago. By using this data to look at metro to metro migration trends, we are able to see where new residents lived prior to moving to Raleigh-Durham. According to data gathered from 2011 – 2012, more than 25,000 people moving to Raleigh-Durham during this time period came from other North Carolina metropolitan areas. Nearly 6,000 people moved from Charlotte to Raleigh-Durham.

• The largest number of residents moving to Raleigh-Durham from non-North Carolina metros come from New York City, Washington D.C., Atlanta, Boston, and Chicago. Combined, these metros account for more than 14,000 new residents in Raleigh-Durham. Over 1,000 people relocated from Los Angeles, 700 from San Jose.

• Part of Raleigh-Durham’s appeal is its lower cost of living and high quality of life, which helps in attracting talent from high cost areas such as Chicago, Boston, and San Jose. Additionally, the region’s concentration of life sciences and technology provides opportunities for tenants looking to establish themselves in rising markets. 


Source: JLL Research, Philadelphia Office of Property Assessment




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