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POPULATION GROWTH | DOWNTOWN HOUSING AND POPULATION GROWTH

Downtown Raleigh already has doubled the number of housing units since 2000 and is poised to triple the number of units by 2020, if the current pipeline of residential projects is built out. Presently, downtown has an estimated 5,472 units and will have approximately 7,600 units within the next five years.

12,000 10,000 8,000

6,000 4,000 2,000

0 2000

2010

Housing Units

2015

2018

2022

Population

Source: U.S. Census, ESRI Business Analyst

NEW, UNDER CONSTRUCTION, AND PLANNED HOUSING UNITS IN PEER DOWNTOWNS Downtown Raleigh is keeping pace with the residential boom in other rapidly growing peer downtowns across the country.

12,000 10,000 8,000

6,000 4,000

2,000

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Sources: Midtown Alliance, Charlotte Center City Partners, Downtown Durham Inc, Pittsburgh Downtown Partnership, Venture Richmond, Downtown Cleveland Alliance, Downtown Austin Alliance, Downtown Orlando Redevelopment Board, Birmingham Business News, Nashville Downtown Partnership, Downtown Phoenix Inc., Downtown Memphis Commission

2018 State of Downtown Raleigh Report  
2018 State of Downtown Raleigh Report