This week I had the privilege to attend Raleigh’s Urban Land Institute’s (ULI) Real Estate Trends 2016 meeting. The event was centered on ULI’s recent 2016 Real Estate Report and how Raleigh fit in across the nation. Heavy weight speakers included heads of the ULI from Washington DC, executives from Raleigh real estate leaders at Highwoods REIT, Federal Capital Partners and even Raleigh City Mayor Nancy McFarlane. The report (seen here) talked about national economic trends, office space reductions, millennial’s residential patterns and transportation issues/changes in cities. But what caught my attention was how Raleigh was stacking up against other US cities. Most media sources I had see
The Downtown Raleigh Alliance has released their 3rd Quarter Market Report full of development numbers, business statistics and residential patterns. Let’s see how DTR did this fall. In September, the Downtown Experience Plan (which I wrote a 5 Part Series here on future Downtown development) was approved by the City Council. The Plan confirms the need from citizens and government that DTR needs to improve livability and re-activize their streetfronts for continued density. The plan for more density and better streets also coincides with increased construction and development activity. In 3Q15, over $857 Million in projects was under construction or planning in downtown Raleigh! The number
