As technology has advanced, the Raleigh/Durham area of North Carolina has completely rebranded itself as the Research Triangle it is today. Cigarettes and tobacco smoke once clouded the Triangle’s image, with a major tobacco factory in the heart of downtown Durham, but as technology has replaced tobacco, the Triangle (Raleigh, Durham, Chapel Hill) has adapted and fully embraced the change, creating office spaces and developments perfect for growing tech companies. When thinking of the biggest technology hubs, Silicon Valley might come to mind before Research Triangle Park, however, the area is steadily building a name for itself across the nation and making its way up the ladder in technological advancements. RTP used to thrive on Southern Tobacco, but has now built itself into a bustling metropolis with plenty to do and ample space and resources for tech companies that have come to call the Research Triangle home. The tobacco factory operates today as the “American Tobacco Campus” and hosts office spaces, restaurants, and a hub for all sorts of activities, rebirthing itself as a crucial part of Durham, but this time with a completely different technology-influenced identity.
All throughout the triangle, tech startups can find a variety of office spaces and resources to help them succeed. The aforementioned American Underground on the American Tobacco Campus, along with HQ Raleigh, Industrious Raleigh, and Launch Chapel Hill all provide office spaces and essential resources and support needed by tech startup companies. These spaces make it easy for growth and success from entrepreneurs, tech startups, and several other businesses, including larger corporations, such as Amazon or Apple Research Triangle Park, and biotech companies in Research Triangle Park NC, like Biogen Research Triangle Park.
RTP was created with the goal of preventing university students from transferring to different states and regions after graduation for better job opportunities in technology and engineering fields. The effect of RTP has been quite drastic; not only do university students from the area find jobs in the Triangle, but young entrepreneurs and tech startups, and even larger corporations from all over flock to the Triangle to build their businesses and utilize the area’s expansive resources. NetApp Research Triangle Park, a company specializing in data management, and IBM RTP, another technology company, as well as several big-name companies like Amazon and Burt’s Bees, have found bases in RTP and office spaces like HQ Raleigh. As the area continues to grow, other huge companies, like Apple have considered building a campus in RTP, which could bring hundreds of jobs to the area. Although this decision about Apple in Research Triangle Park is unclear, there may still be hope in the future for an Apple Research Triangle Park campus. Biogen Research Triangle Park, one of the biotech companies in Research Triangle Park NC, and Cisco Research Triangle Park, another large employer that provides technology services in a number of fields, and the aforementioned NetApp Research Triangle Park and IBM RTP all supply hundreds of jobs in the Triangle and help make it such a successful technologically advanced area. Cisco Research Triangle Park also helps to network and connect people together, making it easy for tech employees to learn about new opportunities and meet new people in their field.
The cost of living in the Triangle is substantially less than other large technology-dominated cities, including San Francisco or New York. Younger entrepreneurs are able to grow and expand without paying a fortune on living expenses; the flow of young entrepreneurs is quite constant with the Triangle being home to 3 major universities: UNC-Chapel Hill, Duke, and NC-State. College graduates are able to find mentors and jobs in the area and add value to the evolving region. In 2017, Nerd Wallet recognized Raleigh and Durham for their ability to supply opportunities for tech workers on top of their relatively low costs of living. The major tech companies that already reside in the area (NetApp Research Triangle Park, IBM RTP, Biogen Research Triangle Park, Cisco Research Triangle Park) prove the relevance of this recognition. The Triangle, though always adapting, appeals to all ages with ample opportunities for college graduates, plenty of great schools–from magnet elementary programs to nationally recognized high schools, such as the North Carolina School of Math and Science, to top universities, and additional benefits, including the low cost of living, especially for people in retirement, with North Carolina listed as the 6th best state to retire in.
Research Triangle Park NC is a very accessible area (with a short distance to the Raleigh/Durham/Chapel Hill downtowns, their housing developments, easy transportation– a close proximity to the Raleigh Union train station, Raleigh-Durham International Airport, and Interstate 40) making it very appealing. While Durham, Chapel Hill, and Raleigh are able to supply several of the amenities of larger cities, their access to non-metropolitan areas adds to their appeal. Tech startups and biotech companies in Research Triangle Park NC can find well-designed spaces for their business, while the Triangle provides plenty of activities, within the downtowns or further out in nature, that make the area enjoyable during work or free time. The proximity to trees and greenery is what makes the Triangle such a desirable area compared to other large cities. There are several homes for residents in nature or within the cities that can provide something for everybody. The diversity of property types is clearly shown when searching for Chapel Hill, Raleigh, or Durham NC real estate on Zillow.
From new homes for sale in Durham NC, to downtown Durham real estate, to modern homes for sale Durham NC, to historic properties, anybody can find a home in Durham. New homes for sale in Durham NC continuously pop up in a variety of styles that are sure to please any new construction enthusiasts’ tastes. Finding downtown Durham real estate might be a little harder, but completely worth it when all of the benefits of walkability are taken into consideration. When browsing for Durham NC real estate on Zillow, one home in downtown Durham stands out. Downtown Durham is a well-populated and highly desirable area. 211 Mallard Ave, Downtown Durham real estate, a house that just recently surfaced on the market, stands in close proximity to all the amenities downtown Durham has to offer, with the downtown being a walkable distance to the home. It’s listed in new homes for sale in Durham NC and modern homes for sale in Durham NC. This home, a modern and uniquely designed smart home, features a thoughtfully crafted custom iron catwalk and loft area, 5 bedrooms, 3 ½ bath, back patio with a hot tub & pergola, large custom barn door that converts media room to 5th bedroom, top floor bedroom vaulted ceiling and loft area, spacious master ensuite, metal rods surrounding the stairs, and several energy-efficient aspects. A Must See! The technologically savvy and modern home enthusiasts will love this unique property! For more information Click Here or call/text/email Carl Johnson 919-880-0904 Carl@CarlJohnsonRealEstate.com