- Driven by a combination of demographic, economic and social factors, national demand for multifamily has produced a 48.4 percent rise in effective rents between Q1 2010 and Q2 2018, far more than any other property sectors. The Raleigh-Durham multifamily market is currently outperforming the CPPI National All-Property Index by more than 34%.
- Explosive growth continues to drive the entire Raleigh-Durham region. The Triangle produces highly educated young workers in fields such as technology, biotechnology, research and development and healthcare and remains extremely attractive to businesses seeking highly skilled workers.
- Multifamily permits in the Raleigh market totaled 4,504 units at the end of May 2018. The percentage of Raleigh's multifamily permits as a percentage of total residential permits reached 28.8% at the end of the second quarter.
2018 Q2 Raleigh Durham Multifamily Report
Author: Ed Finley
Date Published: 08/06/2018