Developers Council - November 2017

Description

Supply and Demand: A Look at What's Driving Market Activity

Two most important laws in economics; the law of supply and the law of demand. Smart development provides a diverse range of choices in land uses, building types, transportation, homes, workplace locations, and stores. Such development projects are attractive to private-sector interests because they can find a ready market and compete financially. They appeal to local governments because they can be the building blocks of a growing economy and high-quality, economically sustainable neighborhoods and communities while also helping to create a cleaner, healthier environment.  

Recent project activity has included companies in defense technologies, biotechnology/pharmaceutical, manufacturing, engineering services, financial services and research and development. While some space needs and requirements are general, some are quite specific to a particular industry and business sector. As a community, our collective ability to respond positively to these requests with available property, sites, etc. can make or break a deal.

Join us to hear from Wake County Economic Development for a presentation focused on market supply and demands. They'll share real-time data, focused on Morrisville and the Triangle area. Topics for discussion include:

• Project activity
• Industry cluster trends
• Property requests and requirements
• Site needs