Cushman & Wakefield is a leader when it comes to providing strategic real estate solutions in Raleigh-Durham and around the globe. We support our clients throughout the Triangle and Carolinas by examining their real estate challenges and delivering tailored and measurable solutions. The firm is highly ranked in the Triangle market by industry organizations and business publications, while our professionals are consistently recognized as top producers. Our Property Management team has been ranked No. 1 in the market by the Triangle Business Journal three years in a row, and manages a portfolio of 11.2 million square feet comprising all building types.
The Triangle Commercial Real Estate Market
The Raleigh-Durham Triangle market is a key research and high-tech hub of the Southeastern United States, and features the world-famous Research Triangle Park, the largest research park in the country, and has become a major hub for innovation in industries ranging from life science to technology following its establishment in 1959. Encompassing more than 80 million square feet of office, R&D, and industrial space, the Triangle market outperformed national metrics over the past several years because of the strong education, government, technology and biotechnology, and health-care sectors that undergird the market’s foundation and are the main economic drivers for the United States. Known for having one of the most well-educated workforces in the nation with nearly 50% of adults over 25 holding a bachelor’s degree or higher, the local economy benefits substantially – and is named for – the educational powerhouses of Duke University, the University of North Carolina (UNC) at Chapel Hill, and North Carolina State University. Counting the smaller universities and colleges in the area as well, there are more than 183,000 students in the region.
With many local industries flourishing as a function of research-intensive public/private partnerships with Research Triangle Park and local universities, the Triangle metropolitan area boasts strong job growth, affordable housing and a great quality of life. Recent corporate expansions in the Triangle market include high-caliber national and international firms such as Lenovo, HCL Technologies, MetLife, Cisco and Fidelity Investments.