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Raleigh: Growing up smart

The region's talent is a prime attractor for employers.
March 22, 2018
voice recognition technology in retail

Market overview

Raleigh-Durham has been making headlines as one of the country’s fastest growing technology hubs. As the market with the second strongest tech job growth in 2016, access to the region’s talent is a prime attractor for employers.

The area’s three Tier 1 universities contribute to the concentration of highly educated talent. A Top 25 market for educational attainment and the highest rate of science and math degrees, Raleigh-Durham offers a unique opportunity for makers, startups, and global powerhouses alike.

Local startup Pendo, on a roll after raising $56 million in three rounds of funding in two years, is expanding in Downtown Raleigh. At the other end of the spectrum is Infosys, India’s second-largest IT company. Infosys will locate its second U.S. based technology and innovation hub in the Triangle, hiring 2,000 employees at the new location.

Numbers to watch

The area has no talent shortage thanks to the proximity of top universities, including: Duke University, University of North Carolina Chapel Hill and North Carolina State University. Each year, more than 100,000 students are enrolled in twelve colleges and universities across the region and nearly 30,000 degrees are conferred.

  • 55.8% - The population over 25 with an Associates degree or higher
  • 47.2% - The population over 25 with a Bachelors degree or higher
  • 25.3% - The share of Bachelors degrees that are STEM degrees
  • 12.0% - The population over 25 with a STEM degree

Top lease transactions (2017)

1. Perimeter Park Six

  • Submarket: RTP/RDU
  • Size: 130,640 s.f.
  • Type: Expansion

2. Forty540

  • Submarket: RTP/RDU
  • Size: 80,000 s.f.
  • Type: Expansion

3. Legacy at Brier Creek

  • Submarket: Glenwood/Creedmoor
  • Size: 60,000 s.f.
  • Type: New

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