2018 State of Downtown Raleigh Report

Page 28

APARTMENT MARKET

$1,444

average per month in rent overall for downtown

$1,519

average per month for Class A properties in downtown

$1.71

median rent per square foot for all multi-family properties in downtown

$1.83

median rent per square foot for Class A multi-family properties in downtown

95.3%

occupancy overall for multi-family properties in downtown

95.1% Š Flyboy Photography

occupancy for Class A properties

95.25%

occupancy for all properties opened since 2015, illustrating rapid absorption for 1,803 units. Source: Integra Realty Resources


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