Raleigh, NC Multifamily Market Report | Yardi Matrix | Q4 2025

Market Overview

Raleigh-Durham absorbed 8,593 new units through September 2025, representing 4.2% of existing stock and nearly double the national delivery pace, on the heels of a record 14,487 units the prior year. Asking rents slipped 0.3% on a trailing three-month basis to $1,553, yet occupancy in stabilized properties actually ticked up 10 basis points year-over-year to 94.0% in August. The demand side offers a clear explanation: employment grew 1.8% through July, more than double the national rate, with 18,000 net jobs added over 12 months. A planned children's hospital in Apex, backed by UNC Health and Duke Health, is projected to bring an additional 8,000 jobs to the Research Triangle when it breaks ground in 2027, pointing to sustained demand ahead.

About Yardi Matrix

Yardi Matrix is a national commercial real estate data and analytics firm serving investors, developers, and property managers across asset classes. Their Raleigh November 2025 multifamily market report covers asking rents, occupancy, construction pipeline activity, and transaction volume to help owners and investors assess market conditions. To read the full report, click here.