Matrix Multifamily Raleigh Report-Winter 2021 February 18, 2021

The Triangle’s path to recovery

With strong fundamentals mitigating most of last year’s economic shock, the Raleigh-Durham multifamily market is well positioned for a steady recovery. The average rent was down 0.2% on a trailing three-month basis through December, to $1,226. Meanwhile, the national average contracted by 0.1% to $1,462.