Downtown Raleigh Condo Market

Downtown Raleigh Condo Market

Downtown Raleigh Condo Market

Condos for sale in Raleigh NC

The Downtown Raleigh Condo Market is as diverse as the city has recently become. There are a couple of distinctions, you have the luxury, often highrise condos in exclusive buildings with amenities such as security,pool, gym, indoor parking etc. The other side of the condo market in Raleigh would be condo buildings of maybe 6,8,10 units in each building with parking typically out front and often amenities like a pool or fitness center. Then there are a few unique opportunities of smaller buildings turned into condos where there may not be amenities but the location could be just right.

Some of the high end luxury buildings include the RBC Plaza Condominiums, The Quorum Center Condos, The Dawson, Gardens on Glenwood, 510 Glenwood, all centered in the downtown district of Fayetteville Street and Glenwood Avenue. These buildings are all relatively new and offer the latest design features and amenities. Prices range from the low $200’s for a one bedroom up to over a million for a penthouse suite.

The City of Raleigh is fast becoming a destination city in the south, as the State Capitol it is home to the Legislature and Governor and for most of it’s life was a place where people came to work in government and then drove home to the suburbs, not the case anymore as the number of condo buildings and residents has ballooned. Helping that growth is the ever expanding restaurant and retail sector along with trendy night clubs they have transformed parts of the city into vibrant hot spots and not just on weekends anymore either.

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The other end of the spectrum are condos in building blocks and these can range in price from mid $40,000 up to the $140,000 range and there are a mix of older units and some new construction. There is a number of condo buildings near colleges like NC State and Meredith  who cater to the student population. There are some historic, renovated and established condo buildings where you can get more square footage like The Cotton Mill and Founders Row, Bishop Park and Caraleigh Mills.
Raleigh is working hard to attract businesses and employers to the downtown area and it was recently announced that Red Hat was moving their employees to the a building now known as Red Hat Tower, also Citrix announced it was moving into the warehouse district and renovating the old Dillon Supply Warehouse, together bringing an additional 1300 workers into Raleigh

Some of the restaurants who will be benefitting from this additional source of customers are well known and highly regarded such as The Pit, Cafe Luna, Beasley’s Chicken and Honey, Mellow Mushroom and Poole’s Diner to name just a very few. Along with fine restaurants and coffee shops, bars and clubs, there is a wealth of museums, galleries and performing arts venues in Raleigh.

About RaleighCary

George Wilson is owner and Broker in Charge of Raleigh Cary Realty, an independent Real Estate firm headquartered in Cary , North Carolina. "In 2008, I was working for a big national Real Estate company. A client of mine who I'd just helped purchase a home two months before got laid off from his job and wanted to quickly list her home. When I charged the client less to help her out, the firm was very upset with my decision. I opened Raleigh Cary Realty shortly thereafter, with a vision that we'd always have the flexibility to do the right thing for our clients, no matter what." -George Wilson

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