Get used to the construction — it’s not going away anytime soon. And the new skyscraper you were just getting used to is going to be followed up by several more.
There are 2.6 million square feet of office space currently under development in the Triangle, setting 2018 up to be one of its busiest years for construction, according to real estate services firm JLL. That comes on the back of the 1.7 million square feet of office space delivered last year.
The Triangle is a “huge, growing market,” said Ashley Rogers, JLL’s senior research analyst in Raleigh. “What is driving that is tenants attracted to talent in the area where 47 percent of the millennials have a bachelor degree or higher. As tech and life science (companies) are looking at the markets with affordability — not everyone can afford the Silicon Valleys of the world — Raleigh-Durham is a good entry point.”
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