While the Triad (Greensboro, Winston-Salem, and High Point) has historically been a slower-growing region, recent economic investments are shifting the narrative.
Why the Triad’s Suburbs Are a Smart Investment:
- New Economic Growth: Toyota’s $3.8 billion EV battery plant and Boom Supersonic’s aircraft factory are bringing thousands of jobs to the area.
- Retail Market Tightening: Greensboro’s retail vacancy is only 3.4%, indicating strong demand.
- Emerging Growth Areas: Burlington, Kernersville, and Clemmons are seeing population increases and rising retail interest.
Investment Prospects:
Retail properties in the Triad suburbs offer high yields and long-term growth potential due to new job creation and increasing consumer spending.
Sources:
Dig into North Carolina’s Strong Retail Rent Growth
Fastest Growing Suburb In America Is This Sleepy North Carolina Town With Affordable Homes
America’s 50 Fastest-Growing Suburbs With Home Values Under $500,000
North Carolina Now Home to Over 11 Million People
How is North Carolina Population Change Occurring?
When North Carolinians Move Across County Lines
Latest Population Estimates Show Most NC Counties and Municipalities Growing
Most Counties Share in NC’s Continued Growth
NC to Become 7th Most Populated State in Early 2030s
Phil Neari, CPM, is a graduate of the University of Northern Colorado and has been active in the commercial real estate and property management business for over 30 years. He holds the prestigious Certified Property Manager designation (CPM) awarded by the Institute of Real Estate Management and is a Licensed Real Estate Broker in North Carolina, South Carolina, Virginia, Tennessee, and Texas. Phil is a member of the International Council of Shopping Centers (ICSC), Institute of Real Estate Management (IREM) and the National Association of Realtors (NAR). Phil is Broker in Charge of our Winston-Salem office and oversees property management and leasing activities. He also provides advisory services to select buyer and tenant representation clients as well as identifies potential investment and development properties.