Triangle apartments get fuller, rents rise higher than the US average — again


Over the next few years, redevelopment in downtown Durham will reshape the skyline and add hundreds of office, retail and living spaces to the Bull City.

The News & Observer (OCTOBER 29, 2019) — The Triangle’s annual rent growth for multifamily apartments in the third quarter of 2019 is already higher than it was at the end of 2018.

This means it might be tougher still to negotiate apartment rent here than The News & Observer reported it would be back in January.

As national apartment occupancy rises today almost to its all-time high — 96.4%, achieved in 2000 — rents have been rising, too, and the Triangle continues to outpace the nation, according to recent numbers from RealPage, a real estate data company.

Read more at: The News & Observer