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,…
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…
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….
The headlines are calling it “relief for renters.” For rental investors, the right word is recalibration, and how you respond to it will separate disciplined owners from the ones quietly bleeding cash through elevated vacancy. Zillow’s January data puts the typical asking rent at $1,895, up just 2% year-over-year. That’s the slowest annual growth rate…
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