How downtown Raleigh has grown (so far) this year

The Downtown Raleigh Alliance released its Q1 Market Report, recapping what’s been happening in downtown Raleigh over the past three months.

Downtown Raleigh at dusk.

The resident population of downtown Raleigh is more than 12,000.

Photo by Ashton Stepter

The Downtown Raleigh Alliance released its Quarterly Market Report, recapping the progress of developments, business openings, and other market trends in downtown from January to March 2023. Here are some highlights:

  • There are 16 developments currently under construction. The Signal apartment building in Seaboard Station was the first to be completed this year. Check it out.
  • Of the 17 new businesses that opened, HUSH, Social Club 112, and Split opened most recently in March. Bonus: Happy + Hale and the Ark Royal reopened. See available retail space.
  • More than 2,300 residential units were delivered or currently under construction (400H recently topped out).
  • Events such as the Carolina Hurricanes Fan Fest helped attract 1.5 million unique visitors to downtown. So it’s a good thing that 408 hotel rooms are under construction.

Read the full report.