Raleigh Multifamily Market

The tri-city region of Raleigh, Durham, and Chapel Hill (known as the Triangle) is luring new residents daily with strong job growth and a high quality of life. The Triangle continues to benefit from robust, diversified demand drivers that have accelerated population growth. Data shows North Carolina had the third highest in-migration between February 2021 and February 2022.^[1]

The MSA is buoyed by growing, sustainable medical, life sciences, tech employment bases, and educational institutions. Home to three Tier 1 research universities—North Carolina State University in Raleigh, Duke University in Durham, and the University of North Carolina at Chapel Hill—the Triangle was ranked by Forbes as the second most educated city in the country.^[2]

According to the Bureau of Labor Statistics, job growth in Raleigh/Durham, NC was 4.7% in November 2022, reflecting 48,300 jobs added during a 12-month period. Forecasts predict Raleigh/Durham, NC job growth to be 1.6% in 2023, with 16,872 jobs added. Job growth is expected to average 1.1% from 2024 to 2026, with an average of 12,098 jobs added each year.^[3]

The market’s annual rent growth was 7.0%, which was above the national average of 6.6%. Out of the 150 markets ranked by RealPage nationally, Raleigh/Durham, NC was 76th for annual effective growth for 4Q22. The market’s occupancy rate decreased from 95.0% in 3Q22 to 94.4% in 4Q22 and was down from 97.2% a year ago. Forecasts predict an average occupancy of 94.3% in 2023.^[4]

A dynamic region offering the ideal blend of cost, comfort, and culture, plus thousands of diverse jobs keeps the Triangle as one of the nation’s fastest-growing regions.^[5]

Contact us to learn about our Raleigh real estate investment strategy. To view our Raleigh properties, please visit our affiliated CWS Apartment Homes website.

Disclaimer: The information provided here is for your general informational purposes only. It should not be considered a recommendation or personalized advisory advice. All investments involve risk including the possible loss of principal. You should familiarize yourself with all risks associated with any investment product before investing.

Advisory services are provided by CWS Capital Partners LLC, a registered investment advisor. Securities offered by CWS Capital Partners LLC are through an affiliated entity, CWS Investments. CWS Investments is a registered Broker Dealer, member FINRA, SIPC.

References:

^[1] https://www.wral.com/data-shows-nc-population-boom-the-nation-s-third-biggest-jump-over-year-span/20369530/

^[2] https://www.researchtriangle.org/talent/

^[3] RealPage 4Q21 Raleigh Market Performance Report (Pg 3)

^[4] RealPage 4Q21 Raleigh Market Performance Report (Pg 2)

^[5] https://raleigh-wake.org

➤ Disclosure :

The property pictures featured throughout this website have already been capitalized by CWS investors and are not available for investment. Past performance is no guarantee of future results.

This website is provided to you by CWS Capital Partners. CWS Capital Partners provides investment advice to its proprietary funds. Through its affiliate CWS Apartment Homes it offers real estate related advice. Investment opportunities may be in the form of a single property offering or a pooled investment vehicle and are through an affiliated entity, CWS Investments. CWS Investments is a registered broker dealer, member FINRA SIPC. The information on this website is not intended to be investment advice or an offer; offers can only be made with the private placement memorandum and offering documents.

Private placement real estate securities offerings are speculative and involve substantial risks. Risks may include, but are not limited to, illiquidity, lack of diversification, loss of capital, default risk, environmental, development, and capital call risk. Investments may not achieve their objectives as outlined in their business plans.

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