A couple of the hottest investor markets in the country have been the Raleigh and Charlotte metros but now the Greensboro, Winston-Salem area seems to be catching up. It was recently reported, Toyota is planning to invest 1.3 billion in a new battery plant, in Greensboro.
While Toyota doesn’t look to start hiring until late 2023 or 2024, it could mean now is an excellent time for North Carolina real estate investors to start looking for properties in the Liberty area or even further out around Greensboro, High Point and Burlington. It will be interesting to see if there is any trickle down effect for Winston-Salem.
As Spectrum News mentioned, “Company leaders joined Gov. Roy Cooper and other elected and economic-development officials gathered to unveil the project on hundreds of acres at the Greensboro-Randolph Megasite in Liberty, about 70 miles (113 kilometers) west of Raleigh.”
With many investors already finding themselves priced out of the Raleigh and Charlotte metros, it could mean a push towards focusing on the Greensboro market which could result in a significant amount of capital moving towards residential rehab projects.