Market Highlights
Located roughly 65 miles south of Raleigh, Fayetteville is the 6th largest city in the state. Fayetteville is most well-known for being the home of Fort Liberty (formerly Fort Bragg), which is the country’s largest Army installation and has an economic impact of $8.1 billion on the local economy. Fort Liberty is home to roughly 49,000 military personnel, 12,000 Department of Defense civilian jobs, 5,000 contract employees, and 2,500 additional staff. Other major industries include Advanced Manufacturing, Business Services, Food Processing, and Logistics. Cape Fear Valley Health is the city’s flagship health system, employing 7,100 people and providing 709 beds throughout 3 area hospitals. Walmart is another large employer, including a distribution center and multiple stores within Fayetteville. Goodyear Tire has a large plant in the area, and Amazon recently completed a 1.3 million SF fulfillment center. According to the Fayetteville Cumberland Economic Development Corporation, the area has experienced a 21.2% per-capita GDP growth over the past decade. Roughly 40 miles northwest of Fayetteville is Pinehurst, home to the world-famous Pinehurst Resort which has hosted several prestigious golf tournaments.
The Fayetteville CSA contains 205 multifamily properties, 30,338 units, and a development pipeline of 1,180 additional units.
