The Downtown Raleigh NC Real Estate Market

Raleigh, NC has consistently topped most nationalmillion sq. ft of commercial office space clustered
surveys as one of the best cities in the countryin the Fayetteville Street District with a staggering
to live, work, play and learn. It's no wonder too-occupancy rate of about 90%. With more than
Raleigh undoubtedly has one of the best real5,250 condominiums, apartments, single family
estate and job markets in the country and itshomes and town homes downtown and an
schooling system is state-of-the-art.additional 2.640 units under construction, the
Hip and happening, Raleigh's downtown is thestatistics are overwhelming. More than 15,000
heart of the Triangle. With plenty of art galleriesresidents live within a 1-mile radius of Downtown
and antique markets, life entertainment andRaleigh and about 85,660 live within a 3-mile radius.
fabulous restaurants, downtown is brimming withDowntown Real Estate
culture and entertainment.Driving the success of Downtown Raleigh's
Short History Of Raleigh's Downtownbooming real estate market has been the steady
Established in 1792, the city was named after Sirgrowth of jobs and a remarkable absence of any
Walter Raleigh, who sponsored the Colony ofdownturn in industry.
Roanoke or Lost Colony, which is currently theResidents in and around Downtown Raleigh live in
famous Fort Raleigh National Historic Site. Raleighclose proximity to the work place as well as a
is unusual in that it is one of those rare Unitedpulsating nightlife and fine restaurants and easy
States' cities that was expressly planned andaccess to most amenities.
constructed to house the state capital. Prior to itsBeautiful residential areas that are kid- friendly,
appointment as state capital in 1788, no other cityseveral well-maintained parks including the
or town existed on that particular site. Incherished Moore and Nash Squares Park, excellent
December 1794, Raleigh hosted its very firstschooling and fine universities make Downtown
North Carolina General Assembly convention.Raleigh a much sought-after address for families.
Downtown Raleigh very quickly grew from itsNot too far from Downtown are university
original size and developed as the center forcommunities, historic neighborhoods and appealing
transportation and banking after the addition ofsuburban living in North Raleigh, Southwest Raleigh,
streetcar lines in the 1920s.West Raleigh and East Raleigh, each district with
Present Day Downtownits own distinct character and inviting amenities.
Downtown Raleigh today consists of almost 6