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Microsoft Just Committed 1,350 Acres to Your Backyard. Here’s What That Means for Triangle-Area Rental Investors.
The announcement has been an open secret for over a year. But when Microsoft formally confirmed it intends to build a hyperscale data center on its 1,350-acre Person County Mega Park, the implications for rental property owners north of the Triangle crystallized in a real way. We’ve watched this kind of story play out before,…
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Raleigh’s Best Kept Investment Signal Is a 300-Acre Park
Most rental investors track school ratings, commute times, and crime stats when evaluating a Raleigh neighborhood. Almost none of them are tracking Dix Park. That’s a mistake. Dorothea Dix Park, the 300-acre green space sitting on the edge of downtown Raleigh, drew 1.7 million visitors in the past year alone, a record. From June through…
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Charlotte Metro Market News | Investing | Landlords | Local Topics | Raleigh NC Metro Market News | Rental Market | Rental Market News
National Rents Rise 0.6%, But Charlotte and Raleigh Owners Face a Different Reality
The headline looks encouraging. National multifamily rents grew 0.6 percent year over year in January, according to the latest CoStar data, pushing the average asking rent to $1,713 and ending five consecutive months of flat or declining figures. That positive trendline is real, but it masks a split-screen rental market where geography determines almost everything….
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