The Triangle Business Journal (TBJ) reported today that the biotech company, Syngenta, has announced plans to expand it’s facility in the Research Triangle Park (RTP). The expansion plans, as reported in the TBJ, include leasing an additional 100,000 sqft of office space and plans to purchase 50 acres within RTP. Syngenta is a biotech company that specializes in various aspects of agricultural research. They currently employ some 400 people in The Triangle and speculation is that their expansion will add to the Durham job base.
As I’ve said before The Triangle is slated for major population growth over the next 20 years. Some analyst estimate as much as 70% growth. A major reason for this growth is the job market. A good job market and population growth are major contributors to a healthy real estate market. As the population swells in The Triangle so too will real estate values; it’s simple supply and demand. I’d be shocked if twenty years from now people aren’t looking back and saying man if only I’d invested in that house or land when I had the chance.
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