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MORE RETAIL

MORE VALUE

31% 106%

increase in value for downtown property

• 40 new stores added since 2014

between 2008-2016

• 46% growth in its retail base since 2010, largest growth in any storefront use for downtown • THREE GROCERY STORES! Weaver Street Market, Saxapahaw General Store, and Publix open in 2018 and 2019 • TWO FOOD HALLS! Transfer Co. and Morgan Street Food Hall both open in 2018

increased land value in downtown between 2008-2016

MORE RESTAURANTS AND NIGHTLIFE

95% GROWTH $223 MILLION

in Food and Beverage Sales since 2009 with 10% Growth in sales in 2017 over 2016

15

Gold, Silver, and Best in Class restaurants in 2017, more than any other submarket of the Triangle

3

Food and beverage sales in downtown in 2017

James Beard Award nominations in 2018

MORE VISITORS

3.4M

Visitors to downtown’s top 12 attractions

46% INCREASE in visitors since 2007 including 7% growth in 2017

37%

Growth in Revenue Per Hotel Room over 2013 to $104.09 per room

18% GROWTH in hotel room occupancy since 2013 in downtown

INTRODUCTION TO DOWNTOWN | 9

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