Raleigh and Charlotte Near Top of ‘American Boomtowns’ List

Raleigh and Charlotte Rankings Good for CRE and Construction Industry

According to Bloomberg, people are migrating to find better opportunities within the United States and North Carolina as well, so they have compiled a list of “Boomtowns” that are ranked according to growth in population and gross domestic product to show the effect of the opportunities migration.

Both the Raleigh and Charlotte metro areas made the cut, with the Raleigh-Cary metro area ranked 3rd and the Charlotte-Gastonia-Concord metro area ranked 10thth.  The Raleigh area’s population grew by 11.06 percent with GDP growth of 1.49 percent- a result of the Research Triangle Park’s strength, which attracts technology professionals from across the globe.  Charlotte’s population growth of 8.7 percent and GDP growth of 0.14 percent stems from the city’s financial-services center status.