You learn something new every day!

June 15, 2011

Steve Stroud, SIOR, Chairman of NAI Carolantic Realty

Isn’t it great to learn something new every day…especially as it relates to our Region of North Carolina?  I was reading an article recently from the NC Department of Commerce  and wanted to share it with you.  The article indicated that according to a recent study prepared for the Research Triangle Regional Partnership (RTRP) and funded by NC State University’s Institute for Emerging Issues faculty fellow program found that North Carolina is a hub for smart grid companies.  According to the report, titled Smart Grid: Core Firms in the Research Triangle Region, NC states, “The Research Triangle Region and state of North Carolina have a unique opportunity not only to invent, manufacture and sell smart grid technologies to the world, but also to apply them at home.  The merger of Duke Energy and Progress Energy, creating the nation’s largest utility, may offer economies of scale that can facilitate smart grid deployment.”

The article went on to say the proposed smart grids hold the potential for utilities and customers to manage electrical usage more efficiently.  A smart grid would potentially enable the US power system to avoid power outages and blackouts.  Only California has substantially more facilities that develop, manufacture or service smart grid technologies.

The Research Triangle is home to the headquarters of five lead companies, making it second in the nation, and approximately 59 core smart grid firms with 101 locations that develop or manufacture relevant hardware and software, or perform other smart grid-related services.  These companies employ nearly 3,000 people.  Of the eight smart grid technology categories identified by the International Energy Agency, the Triangle’s largest concentration is in information and communications technology integration.

Knowing this fact about our Region can only help us as we talk with clients around the country and the world about all the advantages of living and working in the Triangle.  Let’s never stop learning.

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Maintain Optimism…Jobs Are Returning

October 18, 2010

John Hibbits, Broker, NAI Carolantic Realty, jhibbits@naicarolantic.com

Generally I’m an optimistic guy and this time I don’t have to worry about reality being disconnected from my fantastic view of it.  The numbers speak for themselves when it comes to a recovering market.  

The recent October issue of the Research Triangle Regional Partnership Report was filled with information on job growth for North Carolina and specifically the Triangle region. Among the long list of companies locating or expanding included: EMC Corp., Medicago, Cree, Novo Nordisk, GE, BioCryst, SuperValu, and Siemens.  Job growth is especially strong for alternative energy firms.  According to the North Carolina Sustainable Energy Association, they forecast a 22% increase in jobs this year, and a projected 20% increase for 2011.   

Our area gets great national attention in various publications. Forbes magazine continues to dole out awards to North Carolina, ranking our state as the third best state for business in the US.  That is up two spots from last year.  Forbes indicated the key reasons to be regulatory environment, labor supply and growth prospects. 

According to Federal Bureau of Labor and Statistics, North Carolina is the third best state for declining unemployment and fourth in the nation for job creation. Unemployment is down from 11.1% in January to 9.7% now.  No surprise as Manpower recently ranked the Raleigh-Cary metro area as the number one strongest job market in the nation in September. 

Are we seeing an end to the recession? The Kiplinger report said yes over a month ago.  I remain pragmatically optimistic and look forward to working with you in the future.


State of the Research Triangle Region

May 27, 2010

Moss Withers, Broker, NAI Carolantic Realty

I was fortunate to attend the annual “State of the Research Triangle Region” presentation this morning at the Sheraton Imperial.  Approximately 800 of the area’s leading business executives attended the breakfast as a great way to network and understand what has taken place over the past year in the Triangle corporate community.  Charles Hayes, President and CEO of the Research Triangle Regional Partnership, gave the audience an in-depth look at the region’s economic health and competitive position for the past year.  He also discussed areas of focus for the community moving forward. 

“Despite the one-year employment decline, the region posted a net employment gain of 50,000 over the past five years, with the fastest-growing jobs in healthcare, professional and technical services and educational services.  These job categories reflect the strength and growth of the region’s world-class life sciences and technology clusters, particularly pharmaceuticals and advanced medical care, as well as its major healthcare facilities and many institutions of higher learning,” said Hayes.  “The new year has brought signs that economic recovery is underway.  Through the first quarter of 2010, companies in life sciences, technology, defense and other industries have announced more than $65 million in investments for projects that will create another 900 jobs over the next few years.”

NAI Carolantic Realty was pleased to provide RTRP with the latest commercial real estate statistical information as it relates to vacancy, absorption, rental rates, and new construction for the office, multipurpose and shopping center categories.  As brokers, we often use the information RTRP has organized and provided as another marketing and analytical tool for both current and potential clients. 

For additional information on the presentation this morning, contact the Research Triangle Regional Partnership office at 919-840-7372 or visit them on the web at www.researchtriangle.org.  If we can be of assistance in analyzing your real estate position, please give us a call at 919.832.0594, or visit us on the web at www.naicarolantic.com.