Market Highlights
Composed of Raleigh, Durham, and Chapel Hill, The Triangle is one of the country’s hottest hubs for job growth, housing, and innovation. The region is anchored by one major university per city – NC State University (Raleigh), Duke University (Durham), and UNC-Chapel Hill (Chapel Hill). The presence of these universities encompass not only a highly educated region (The Triangle is home to nearly 174,000 college students), but also world-class medical facilities and research. The Duke, UNC, WakeMed, and UNC Rex healthcare systems provide over 4,100 hospital beds, while Research Triangle Park, the largest research park in the United States, is a one-of-a-kind innovation hub featuring 60,000 jobs and 375 companies on 7,000 acres. In addition to its major universities and hospitals, The Triangle features notable employers across the Life Sciences, Advanced Manufacturing, and IT & Technology sectors including Google, Amazon, Apple, Meta, IBM, Fidelity, Lenovo, Cisco, Siemens, and Pfizer.
The Triangle has a population of 2,190,786, supported by 833 multifamily properties and 180,053 units and a development pipeline of 30,602 additional units. With Wake County (Raleigh) growing by 67 people per day and ample opportunity for employment, The Triangle has become a nationally-recognized region, ranking in the Top 5 in several categories relating to its job and housing market.
