September 2023
The Raleigh market is seeing major surges in national recognition, bringing about new developments and strategies on how to accommodate the rapidly growing population.
Raleigh-Durham International Airport (RDU) is the fastest-growing airport in the country based on the year-over-year number of airline seats available to book. From July 2022 to July 2023, there was a 22.5% increase in seats available on RDU flights, which is the highest percentage growth among the Top 50 airports in the continental U.S.
The Carolina Hurricanes agreed on a 20-year lease extension with PNC Arena running through 2044 in addition to a framework for team owner Tom Dundon to develop the vacant land and parking lots around the arena into an $800 million mixed-use development including retail, offices, housing, a hotel and a 4,000-seat indoor music venue.
$700 million Raleigh development advances with 20-story towers, new apartments, and restaurants near Dix Park.
Home prices are growing rapidly in the Triangle’s suburbs with no signs of slowing, driving up the cost of living even an hour away from downtown Raleigh.
NC Department of Transportation unveils plans to widen Capital Boulevard to keep up with growth.
Interface Studio urban design consultants begin work to help Raleigh strategize its own growth. Interface says they hope to connect hubs of activity like Five Points and the Person Street corridor — and more recent development in Midtown.
