Tag: Raleigh NC
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Raleigh’s Apartment Market in 2023–2024: Strong Absorption, Soft Rents, Real Opportunities
After dropping 9400 new apartment units onto the market in 2023 with another 8300 expected in 2024, Raleigh is having difficulty this year in absorbing the new units. This has led to flat or lowering rents. We are certainly seeing some apartments in downtown offering incentives such as one or more months of free rent.…