Heard from a close source it’s getting shelved until economy gets better. They will keep doing small things to not piss of the city but the project is done for the next 5 years at least. RIP Raleigh Real Estate prices when this becomes official. #rtp #raleigh #misc
This is probably true about Apple, but doubt this has much effect on real estate.
Everyone I talk to says they are buying investment properties here for when Apple comes. Even if 10% of them decide to sell, it will impact the RE prices, most of these folks are from CA, Seattle, NY/NJ and Boston
Yeah there are a ton of folks in RTP from other places. That’s isn’t going to change with or without Apple.
Isn’t Raleigh supposed to be the next tech hub? What are some other companies that have big presence there?
There was talks about Meta expanding here, but haven’t heard any of that lately. Apple was the big thing. Most employees are from biotech pharma companies. You also have credit Suisse and Cisco, but they have been cutting down lately. Basically all the RE hype is from Apple coming here
This is just wrong. RTP prices are so cheap compared to any other tech area. It has nothing to do with Apple
…
Are you kidding me OP? They already started construction in the area and have spent $19 million renovating their leased space. They have also leased another building apart from the one they already have.
That other building is MetLife. They will continue to renovate their leased space. In fact the reason they are doing that is they have no plans to build in the near future. They don’t see that kind of ramp up to their staff anymore. They had taken that decision during the peak of the tech hiring. From what I am hearing they no longer want to commit to it with the recession looming. Also they have been saying they will complete the construction for a while now. It should not come as a surprise that they have hardly done anything since announcing.
lol this for real? Any source? We’re listing our house this weekend. Hopefully news doesn’t hit by then
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I've seen almost zero jobs over the past year there. One or two apple pay and SAP engineer. Meta was also supposed to expand in RTP