Additionally, there are many projects in the feasibility phase of the pipeline that have not yet surfaced in most reports. These factors have led forecasters at Maximus to project nearly twice as many completions for 2014 as for 2011. In the future pipeline are projects similar to Gallery at Cameron Village, an infill property developed by Crescent Resources with access to pedestrian-friendly areas and grocery stores.
Due to the strength of the region and its rapid recovery, many developers easing back into the market have Raleigh-Durham at the top of their wish list. Growth is expected to remain robust and continue to strengthen as the area’s favorable demographics contribute to the Triangle region’s continued economic expansion.
Blake Okland is a principal with ARA for the Carolinas.
