Downtown Raleigh’s 2nd Quarter Development Report is Here!
It seems like every day Raleigh’s urban center is making local and national headlines. From Forbes, to the Wall Street Journal and Fox Business, Raleigh is a hot topic and the center stage spot light is all on one area: Downtown Raleigh (DTR). Let’s take a look at how DTR fared this spring. Although multifamily development is the major trend, with the Link, Lincoln, Edison and Skyhouse apartments demanding current attention from Raleigh residents, what was really interesting
Raleigh Apartment Woes hit Wall Street Journal, Raleigh with 7th largest rent increase in nation!
(click for article) Second quarter results are in and apartment rents continue to push skyward, with a 12.4% increase since last June! Some are attributing the bullish apartment market prices not to increased demand, but instead to the stricter "mortgage-lending standards that have shut out potential homeowners from the market." (WSJ) While an interesting thought, what really caught my eye was the section on Raleigh, where the WSJ reports the capital city's "rents rose 1/2% i