Wow Raleigh punching mighty close to CLT’s numbers, which is crazy…
I’m not sure if this is by city or MSA. Either way, Raleigh definitely punches above its size.
I see us over quite a few NFL/NBA/MLB cities. Love it!
The cities we’re ahead of are even crazier. A lot of those metros under Raleigh are much bigger and some like Orlando and Tampa are growing just as fast.
There is almost no way the current trends will continue until 2100. There is bound to be a slowdown to a steady-state between now and then due to US population shrinking. I could believe Raleigh will be one of the last cities still growing in the mid 21st century but that’s it.
There already some effects of that slow down now.
The city is going to have to recover its foot traffic with a higher dependence on residential. Tech firms are more likely to pursue hybrid work strategies going forward and the state is likely to move more and more jobs out of Raleigh over time.
I’m incredibly excited about those opportunities as well. I’d much rather live in a city that caters to residents than a city that caters to the M-F 9-5 crowd. Looking at the residential plans due to complete downtown in the near future.
The Mira - 287 units
The Acorn - 106 units
400H - 242 units
Seaboard Station Block A - 75 units
The Platform - 442 Units
That’s about 1152 units coming to the immediate downtown core very soon. I probably missed one or two units. But this combined with the hotels coming up the pipeline are going to drive a different type of foot traffic than Raleigh has typically been accustomed to. I know that my generation (millennials) in particular as well as the zoomers are also placing a lot more emphasis on living in downtown areas.
We’re doing the right things and it’s just a matter of time before we meet that mark and surpass it. Strict policies about in-office work are likely never coming back. There may need to be some discussions about the viability of specific office space. It’s incredibly expensive to retrofit those types of spaces to be residential, but I’d imagine that it will be done where it’s economical.
Coincidentally, my company is going to mandate office visits starting next year so seems we’re going in another direction.
Mandating office “visits”? What does visits mean?
We’ve been trying to enforce more office time. Us Gen Xers are showing up (4 days a week for me), but the young-ins are fighting it. Ironically, we set up a training session to teach the junior staff an oddball sampling technique that we will be using at a site coming up in a few weeks. Only two of us older folks have actually sampled this way. The meeting was scheduled, the 4 PMs were all in the office and ZERO of our field staff showed up. Words were said, training will have to be rescheduled. It is irritating, all the PMs have other more pressing issues than teaching the younger staff and they can’t be bothered to show up.
To get technical, your office badge needs to be read by the card reader next to the door a certain number of days per month.
In addition to card entries, our receptionist used to walk through twice a day and count heads. Then the corporate folks did a “heat study” of the office where they put sensors in the ceiling to see where folks were using the office. Team rooms, focus rooms, conference rooms, breakroom/kitchen area, and the open desk areas. They never said what it revealed. But I just heard this week they are transitioning our Charlotte office over to open concept and those folks are not happy.
In believe residential and retail will help, Raleigh providing grants to business struggling to the pandemic.
Hopefully those words were: “We’re going to have to let you go, pack your desk and have it emptied by Friday!”
There is a very good reason that I don’t manage any staff. Throw all the project technical and financial issues at me all day long, but I want no part of managing staff.
We are doing the same in our downtown office. Minimum two days a week.
Yes, because spending two hours per day in traffic just to attend some in-person trainings is a great use of company time! Why were the trainings not virtual?
I think most folks that have been in the real working world for any period of time know that the obsession with ‘WFH’ certainly provides some positives…however we all know there are a lot of people using WFH as an excuse to ‘F off’. Execs know this…they just haven’t been able to drop the hammer…yet.
Not saying every company will become IBM circa 1974…but there is going to be more & more requirements to ‘show your face’.
Those of you that are so resistant to this should evaluate your career trajectory plans. Again, not saying WFH is going to disappear…BUT coming into the office 2-3 days a week is not that cumbersome.
If you want to live at the beach & think you can work for a software company in Raleigh…that’s fine…as long as the company is cool with it. But we are seeing the power shifting to employers…albeit slowly.