There’s a lot in this report, so everyone should take the time to at least skim it!
…but I know many of y’all get too lazy and/or overwhelmed, so here’s a rundown.
- Raleigh leads among peer cities in getting its rental units occupied
- Total rental inventory increased by 255% since 2015
- …but with a 12.5% absorption, it’s still not keeping up with demand
As for housing units for sale:
- #4 best large city for first-time homeowners
- $635k median listing price (2025Q2)
- 18 median days on the market (2025Q2)
- 139 for-sale units planned or proposed
Demographic trends are exactly what you’d expect:
…and availabilities for office space seems to still be matching demand; class A direct markets for office space is the lowest in DTR out of the whole Triangle.
DTR’s also had a net addition of 13 new storefront businesses this year, with another 28 on the way.
…though it seems pretty clustered:
As for what could happen in the future, ten strategies were proposed, including:
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Energize downtown core with daily activation and placemaking to bring more people downtown
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Elevate public art to create a unique experience that celebrates Raleigh and North Carolina
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Diversify retail opportunities to address downtown needs
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Position Downtown Raleigh as the Creative + Design Center of the Triangle
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Integrate the government campus with the downtown core
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Create a bold connection to Dix Park
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Design streets that encourage walking, biking and public transit
However, the final report does not explicitly say anything about gondolas or any other specific ways to connect downtown and Dix Park.
The report does pitch the idea of linking NC State’s campus, Dix Park, and downtown as an “innovation triangle-within-the-Triangle”, but there’s no real specifics on the matter except for this conceptual image:
There’s also:
Also, pretty picture (and data) tax payment:
