Cary NC Real EstateIn the 1959, Cary NC real estate got on the map because the Research Triangle Park sprouted up around Raleigh, Morrisville, Apex, Holly Springs and Jordan Lake, placing Cary right in the center.
The Triangle became home to over 157 high-tech corporations, prestigious universities, research facilities, medical units and business developments. The RTP employs roughly 39,000 full-time employees and 10,000 contractors with $56,000 as the average annual salary. In Cary NC real estate, students make up ¼ of the residents. With Duke, North Carolina State University and the University of North Carolina all within 20 minutes, it’s tempting to finish up your education, whether you’re fresh out of highschool or going on to obtain a master’s! Highly educated individuals flocked to the area so that two-thirds of the residents in Cary hold a Bachelor’s Degree or higher and the population has the highest number of PH.D.s per capita!
The largest employers in the Research Triangle Park are: SAS Institute, IBM, Glaxo Smith Kline, Cisco, Nortel, RTI International, the US Environmental Protection Agency, the National Institute of Environmental Health Sciences, Sony-Ericsson, Bio Gen Idec and Network Appliance. The RTP stretches across many different industries – with 29 ICT/Computing companies, 16 Non-profit research organizations, 16 Biotechnology companies, 13 Electronic / Nanotechnology corporations, 8 Environmental organizations, 2 Materials science facilities and 2 Chemical companies. More than 80% of the Research Triangle Park is run by multi-national corporations.
The Research Triangle region has been awarded in countless magazines recently. In 2005, Milken Institute called the Raleigh-Durham region “one of the five US Life Sciences Clusters”. Forbes Magazine called Raleigh-Cary the “2nd Best Place for Business and Careers” and situated it in the “top 3 places to live.” Silicon Valley Leadership group called Raleigh-Durham the “#1 High Tech Region” in September 2005. Additionally, Cary has been noted for having one of the best business climates, highest nanotechnology outputs, most knowledgeable worker quotients, in the top 7 states for health establishments and amid the 5 best locations for biotechnology.
Cary NC real estate was named the #12 market by Expansionist Management magazine in August 2005, probably for all the aforementioned incentives – a multitude of highly skilled and well-paying full-time jobs, amid a bustling economic powerhouse. People tend to be more successful when they’re surrounded by others who are working hard and pushing themselves. In 1854, when industrious farmer and lumberjack Allison Francis Page first came to Cary – or “Bradford’s Ordinary”, as it was known back then, he didn’t just purchase a plot of land and settle. Moreover, he built and built and built – streets, saw mills, stores, post offices and hotels quickly sprouted up from one man’s vision. Today that same ambitious spirit lives on as the people here take pride in their Cary NC real estate, careers and their communities. Michael McLaughlin
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