Market Pulse: Raleigh, NC
The City of Raleigh, also known as the City of Oaks, is the capital of North Carolina, the seat of Wake County, and one of the most economically diverse cities in the state. The capital city has long been known for its high standard of living and skilled industries, which has made it one of the fastest growing cities in the southeastern United States. According to recent data reported by the U.S. Census Bureau, the state of North Carolina, as a whole, was the sixth-fastest-growing state in the U.S. from 2015 to 2016. Raleigh was also named in the top twelve destinations to travel to in 2017 by Forbes Travel Guide[1], sharing the ranks with destinations such as Oahu, Lisbon, Santa Barbara, and Bali. This growth has helped to bolster an already strong hotel and tourism industry in Raleigh.