The Raleigh, North Carolina, multifamily market is normalizing after years of elevated vacancies. But while the market’s overall vacancy rate has been generally declining since early 2024, stabilized vacancies continue to tick up, recently hitting their highest level in nearly two decades.
Stabilized apartment vacancies in Raleigh hit highest level since 2008
Overall vacancies have been falling for two years, however
CoStar Analytics
February 19, 2026 | 9:44 P.M.
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