could we call it It’aleigh? That would be fun.
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Absolutely. I love the name haha
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I’ll be walking through here on Sunday, November 17th on day 3 of our 60-mile breast cancer walk! We participate in the San Diego event every year and love getting to see San Diego. Very cool city.
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Can you walk through Raleigh again?
Yes. Eventually. Charsss.
in my 62 yo home i kept my single panes and storms and bought Indows. https://indowwindows.com/ they are a museum quality acrylic with a unique silicone border for a secure fit. they make one in an opaque shade that allows light into a room but you cant see interior details…maybe an option for what might be occurring in downtown soon.
show around here!
You know it was a great party if the portajohns can’t even stand up straight.
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John taking a picture of a John. #johnception
Also, I blame the Peace Street Bridge…
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Quite a bit of this type behavior recently in the area, had multiple political signs thrown into my yard (I didn’t have any previously, so thanks for those) and a street sign pulled out of the ground in the past week.
Can’t imagine a lot of new apartment development in Glenwood South when 2009 product is selling for $205K per unit.
Another interesting aspect of this sale is the price-to-tax-value ratio. It highlights a broader issue cities face after rapidly increasing tax valuations during COVID, which no longer aligns with today’s high-interest rate environment.
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“The multifamily sector is facing an oversupply of apartments and not enough demand after thousands of new units were delivered in recent years. Rental rates are down several percent from 2022 and 2023”
It’s finally happening, this is good news actually. The rents are way too high to begin with, and considering several hundred more apartments will open in the next year, this will continue to decrease. GOOD!
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Realistically, what’s likely to happen is that landlords will continue offering concessions, like one or two months of free rent, to attract tenants for new apartments. Meanwhile, with minimal new construction starting, we can expect that by 2026, once the current supply is absorbed, the market will shift back to undersupply, leading to significant rent increases.
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If the available unit list is correct on 400H, they have about 87% occupation. Not bad for the premium they charge.
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400H and The Eastern are great examples of lifestyle rentals, designed for those who could purchase a home but choose apartment living for a variety of reasons. They target a demographic that prefers renting by choice, catering to a modern, upscale lifestyle and have a high willingness to pay. Raleigh doesn’t have a lot of these buildings, but it is a high income city with 480,000+ residents, so even with ~500 units in the market, that is 0.1% of the residents.
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Raleigh city council is already disappointing me again.
https://www.newsobserver.com/news/local/counties/wake-county/article298058518.html
This whole thing is dumb. People who move into an apartment/condo above a noisy nightlife spot and complain are dumb. The council that appeases those people are very dumb. I hate this
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Excuse me but some of us dumb people own our homes and have owned them well BEFORE Glenwood turned into noisy shit show.
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This is why I might run for office next year. And dropout or take a gap semester from college for it.
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