Matrix Multifamily Raleigh Report-June 2025 July 02, 2025

Transitioning From Boom to Balance

Advertised asking rents in the Research Triangle increased 0.5 percent on a T3 basis through April but were down 0.6 percent on an annual basis. The metro's occupancy rate, at 93.5 percent, was well below the national average of 94.4 percent. Recent deliveries accounted for 1.9 percent of existing stock, more than double the national rate of completions.