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Two North Carolina Cities Among Markets With Largest Apartment Expansions

While New Starts Have Slowed in Charlotte and Raleigh, Substantial Pipelines Remain Underway
CoStar Analytics
September 8, 2023 | 8:54 P.M.

The North Carolina cities of Charlotte and Raleigh are no strangers to growth. The two largest markets in the Carolinas regularly rank among the fastest-growing populations in the United States. Last year, among U.S. markets with more than a million residents, Raleigh was the third-fastest market with a year-over-year growth rate of 2.3%, while Charlotte was the eighth-fastest, increasing its population by 1.8%.

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