{"id":9706,"date":"2025-07-14T07:59:00","date_gmt":"2025-07-14T07:59:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9706"},"modified":"2025-12-04T08:47:30","modified_gmt":"2025-12-04T08:47:30","slug":"raleigh-multifamily-market-report-june-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/raleigh-multifamily-market-report-june-2025\/","title":{"rendered":"Raleigh Multifamily Market Report \u2013 June 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/raleigh-multifamily-market-report\/\">Raleigh Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Robust Supply Tempers Fundamentals<\/h2>\n<p>In early 2025, Raleigh\u2013Durham\u2019s multifamily market displayed an uneven performance amid robust new supply. Average advertised asking rents were up 0.5%, on a trailing three-month basis, as of April. However, year-over-year, the average dropped 0.6% to $1,557, while the national figure recorded a 0.9% increase to $1,736. The metro\u2019s occupancy rate slid to 93.5%, below the national average of 94.4%, as of March, as\u00a0noted in the\u00a0<strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report\/\">U.S. multifamily report<\/a><\/strong>.<\/p>\n<p><iframe id=\"datawrapper-chart-1JFWM\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Raleigh - Durham vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/1JFWM\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>As of February, the unemployment rate was 3.1% in Durham\u2013 Chapel Hill and slightly lower in Raleigh\u2013Cary, at 3.0%, according to data from the Bureau of Labor Statistics. Both were well below the national average of 4.1%. The metro gained 18,800 net jobs in the 12 months ending in February. The Research Triangle continues to attract companies. Genetech announced plans for a $700 million manufacturing facility at the same hub in Holly Springs, N.C., while Amgen has already invested $1.5 billion to grow its drug manufacturing capabilities. Nearby, FUJIFILM Diosynth Biotechnologies will start manufacturing biologic medicines for Regeneron Pharmaceuticals under a $3 billion agreement. The new Holly Springs facility is expected to come online later this year.<\/p>\n<p><iframe id=\"datawrapper-chart-fD6Nv\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Raleigh - Durham Employment Share by Sector  \" src=\"https:\/\/datawrapper.dwcdn.net\/fD6Nv\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Year-to-date through April, Raleigh\u2013Durham added 3,851 units or 1.9% of existing stock, outpacing the U.S. by 110 basis points. Multifamily sales totaled $345 million, continuing a downward trend in both volume and number of transactions since the 2021 peak.<\/p>\n<p>Read the full Yardi Matrix Raleigh Multifamily Market Report: <strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7389-MatrixMultifamilyRaleighReport-June2025\">June 2025<\/a><\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Robust Supply Tempers Fundamentals In early 2025, Raleigh\u2013Durham\u2019s multifamily market displayed an uneven performance amid robust new supply. Average advertised asking rents were up 0.5%, on a trailing three-month basis, as of April. However, year-over-year, the average dropped 0.6% to $1,557, while the national figure recorded a 0.9% increase to $1,736. The metro\u2019s occupancy rate [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,459],"class_list":["post-9706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-raleigh"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raleigh Multifamily Market Report \u2013 June 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"The metro&#039;s occupancy rate, at 93.5 percent, was well below the national average of 94.4 percent, Yardi Matrix reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/raleigh-multifamily-market-report-june-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raleigh Multifamily Market Report \u2013 June 2025\" \/>\n<meta property=\"og:description\" content=\"The metro&#039;s occupancy rate, at 93.5 percent, was well below the national average of 94.4 percent, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/raleigh-multifamily-market-report-june-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-14T07:59:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-04T08:47:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/03\/Raleigh-iStock-2211290989-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Agota Felhazi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Raleigh Multifamily Market Report \u2013 June 2025 - 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