Raleigh apartment demand shatters annual record
Vacancies have declined as renters snap up newly built units
Apartment demand in Raleigh, North Carolina, reached a record high in 2024. But while the appetite for apartments is likely to stay above historical averages in 2025, it is already...
Former North Carolina mall site faces uncertain future after Epic Games' rezoning request pulled
The gaming giant had planned to build its global headquarters on the grounds of the old Cary Towne Center
Plans to redevelop the site of a former Cary, North Carolina, mall into the global headquarters of a well-known gaming company have been withdrawn, throwing the site’s prospects in...
First civil supersonic jet made in US takes off, clearing runway for production at new Greensboro plant
Boom Supersonic's Overture Superfactory expected to add over $30 billion to North Carolina’s economy over 20 years
The first civil supersonic jet made in the United States took off Tuesday over California's Mojave Desert, a historic flight that marks a major step toward jet designer and develop...
UNC Health, Duke Health to build first standalone children’s hospital in North Carolina
Construction on 500-bed facility slated to begin by 2027
The University of North Carolina and Duke University are fierce rivals in sports, and their healthcare branches have often competed for patients. But now, the two are teaming up on...
Plans for Wake Forest train station gain steam with federal grant
More than $13 million set to be used to design and build North Carolina facility as part of broader transit effort
Wake Forest, North Carolina, is set to receive federal funds for a new downtown rail station designed to help meet the rising demand for passenger rail service in the state.
The Party (City) is over: five Party City leases in Raleigh-Durham area headed to auction
Leases offer rare opportunity to lease retail space in tight market
Retail giant Party City is set to auction off five Raleigh-Durham locations as part of its nearly 700-store sell-off disclosed earlier this month, providing retail tenants a rare o...
Raleigh leads nation in office-using employment growth, but demand for space remains lackluster
The traditional relationship between job growth and office demand has been disrupted
Office-using employment is growing quicker in Raleigh, North Carolina, than in any other major U.S. market, but the new jobs are not translating into demand for office space.
Apartment vacancies surge to record highs in Wilmington, North Carolina
A wave of new supply has saturated the popular coastal market
The multifamily vacancy rate in Wilmington, North Carolina, has reached an all-time high as a two-year surge in construction outpaced renter demand in the market.
North Carolina cities rank among fastest-growing economies in the country
Raleigh rises one spot among largest economies in the United States
Population growth, business expansions — particularly in the finance sector — and a ramp-up in construction spending made Charlotte and Raleigh, North Carolina, two of the fastest-...
Amgen commits $1 billion for North Carolina expansion, sets up state's latest high-profile pharmaceutical project
Global biopharmaceutical company expects to create 370 jobs with new plant in Holly Springs
A global biopharmaceutical company is investing $1 billion in a new drug manufacturing plant in greater Raleigh, North Carolina, the latest in a run of high-profile pharmaceutical ...
Mucinex maker picks site in North Carolina for new US manufacturing plant
England-based Reckitt Benckiser to invest $200 million to revamp Wilson facility
The British company behind Mucinex has picked its site in North Carolina for a new factory it said will be its largest over-the-counter manufacturing plant in the United States.
Durham apartment sales volume plummets
Some properties have traded at discounts, but distress sales are still rare
Sales volume in the Durham, North Carolina, multifamily market has fallen over 80% from record highs two years ago. The steep drop comes as fewer properties are trading, and many p...
Retail is only sector in Raleigh to see property values increase
Industrial properties close the gap with office
The four major commercial property types in the Raleigh, North Carolina, market are collectively worth about $83 billion, according to CoStar data. Multifamily has long been the mo...
Raleigh lacks affordable housing supply to meet demand
Vacancies tighter for lower-priced apartments
Apartment vacancies are elevated in much of Raleigh, North Carolina, as the market digests a historic wave of new construction.
City of Raleigh reveals three options for convention center expansion
Expansion is one of three city-supported projects to remake southern end of Downtown
City officials have released renderings showing three potential designs for the expansion of the Raleigh Convention Center in Raleigh, North Carolina, part of a larger remake of th...
North Carolina now fifth-fastest-growing state in the country
Domestic migration accounts for more than 75% of its population growth
North Carolina is one of the fastest-growing states in the country. Vibrant areas such as Charlotte, Raleigh and Wilmington have been successful in attracting people from across th...
Medical staffing company signs one of Raleigh's largest office leases this year
Weatherby Healthcare chooses amenity-rich North Hills for new office
A company that specializes in providing staffing for hospitals and medical practices in rural communities is expanding its operations in Raleigh, North Carolina, after signing one ...
Wolfspeed in line to receive $1.5 billion through CHIPS Act, private group for US expansion
Proposed funds to be used to support domestic production of chemical compound used in EVs, data centers
The U.S. Department of Commerce and an investment group led by Apollo Global Management have proposed providing Wolfspeed up to $1.5 billion as part of a push by the U.S. governmen...
Johnson & Johnson to build $2 billion manufacturing campus in eastern North Carolina
Pharmaceutical giant's new plant expected to create 420 high-paying jobs
Johnson & Johnson is planning to invest more than $2 billion to develop a new pharmaceutical manufacturing campus in North Carolina that would allow it to tap into one of the large...
Most available retail space in Raleigh is in older properties
Over half of the market’s available retail space was built before 1990
A population boom in Raleigh North Carolina, is driving retail demand in the fourth fastest-growing market in the country. However, developers’ inability to keep up has made it dif...