www.teer-rtp.com Teer RTP, Commercial Developers, Lessors, Property Managers, Brokers

The New Research Mecca

Map of RTP

Triangle Rated #1

Demographics of Area

Big Business Relocations

About Teer Associates

Glaxo Bide Building
Glaxo Bide Building


Triangle Demographics

Size:

  • 7,000 total acres
  • 8 miles long, 2 miles wide

Companies:

  • 157 organizations are located in the Park
  • 119 research and development-related organizations
  • Approximately 82% of the employees in the Park work for multinational corporations


Research in a

wide variety of fields, including:

 
 Biotechnology/Biopharmaceutical  Computer Hardware and Software
 Chemicals  Environmental Sciences
 Information Technology  Instrumentation
 Materials Science  Microelectronics
 Pharmaceuticals  Public Health
 Telecommunications  Statistics


Employees:

  • An estimated 39,000 employees work in RTP
    (Over 44,000 including contract employees)
  • 97.3 % of employees work for R&D related organizations
  • Almost 42% of Park employers have less than 10 employees
  • The average salary of an RTP employee is $56,000

Investment:

  • Development surpasses 19 million square feet
  • Capital investment exceeds $2 billion
  • Total payroll is estimated at $2.7 billion

*Information courtesy of the Research Triangle Foundation                          


Copyright 1998 Teer Associates

PO Box 13508

RTP, NC 27709

(919) 549-9506