Raleigh-Durham Market Update

20 March 2001 - 6:00am

Reis.com, a resource of commercial real estate trends, looks at Raleigh-Durham and Cleveland in it's most current update.

Raleigh-Durhman -- "this 'New South' dynamo may have sprouted from its early days in agriculture, first as a Native American farming community and later, as a tobacco cash-crop generator. But Raleigh-Durham's success today is primarily due to the confluence of three illustrious institutions. Together, Duke University at Durham, the University of North Carolina at Chapel Hill, and North Carolina State University in Raleigh form a triangle that has given rise not only to the area's leading economic generator but to the largest research park in the United States.

Source: REIS, March 18, 2001
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Its very unsuitability for an urban center justifies its current usage as a suburban or ex-urban pattern.