In March of this year the U.S. Census Bureau released some very intriguing statistics about the population growth Raleigh had experienced between July of 2007 and July of 2008. According these findings the population in the Raleigh-Cary metropolitan area grew by 4.3%. Wake County officials, utilizing the census data, estimate a continued population growth of 4% per year over the next 3 years. By 2030 experts estimate Raleigh’s population will grow by 70% and that’s just Raleigh. The rest of the Triangle is also slated for substantial yearly growth. Durham County is estimated to grow between 2% and 3% yearly, while Orange County has historically seen greater than 1% yearly growth.
What do I think this means to you? One thing is for certain where there is growth there are jobs to accommodate that growth. Over the next twenty year the construction industry is going to grow and keep busy in the Triangle. Other areas that will have to expand will be government jobs; including educators; fire fighters and police officers, also service industries will need to keep pace the suburbs march on.
This growth also presents a major opportunity for the entrepreneur, the real estate investor, and the forward thinker. If you’d like to talk some more about where I think the Triangle is headed and some intriguing investment opportunities give me a call.
Here are some interesting link.
News and Observer: Population Article