Raleigh-Durham Multifamily Report (Q4 2020)5 Feb 2021
The impacts of COVID-19 on the U.S. multifamily market differ significantly across metro areas. The nation’s secondary and tertiary markets, particularly those located in the Sun Belt, have fared relatively well, while more dense gateway markets have been hardest hit. After an unpredictable year, the Triangle’s multifamily sector ended 2020 with positive absorption across all asset classes. The region’s resurgence in demand was impressive in the last half of the year, particularly in the fourth quarter, a period during which seasonal factors typically keep a lid on leasing activity. The Triangle’s sturdy fundamentals and economic diversity, including burgeoning life science nodes and high concentrations of education-driven employment, should support a well-positioned market for investors going into 2021. Click here to download the full Q4 2020 Raleigh-Durham Multifamily Market Report.