Apple's new R&D campuses in Research Triangle, NC and Austin, TX—inaugural projects of the tech giant's five-year plan to invest $430 billion in the US—are lifting markets for rental properties and residential REITs in the Raleigh-Durham and Austin regions.
The projects also are accelerating the growth of multifamily markets in the two metros, which in 2021 were among the top 20 multifamily markets in the US.
Apple's East Coast campus in Research Triangle, announced in June, will employ 3,000 high-tech workers in machine learning, artificial intelligence and software engineering. The Austin campus will open this year with an in-office workforce of 5,000. Overall, Apple's $430-billion expansion in the US is expected to generate up to 20,000 new jobs.
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