Raleigh Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Colliers, Lee & Associates, Cushman & Wakefield, Northmarq, Avison Young
Quarterly multifamily market indicators for Raleigh, aggregated by CREhunt from Colliers, Lee & Associates, Cushman & Wakefield, Northmarq, Avison Young. As of Q1 2026, average asking rent was $1,028.00/unit/mo and vacancy was 6.5%, per Colliers.
Projected current multifamily pricing — Raleigh
Projected asking rent
$1,028–$1,069/unit/mo
Estimated sale value
$111,070–$144,423/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Colliers data (cap rate 5.4%, asking rent trend-adjusted to today). Assumes ~94% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Colliers | $1,028.00/unit/mo | 6.5% | — | — | Colliers |
| Q1 2026 Lee & Associates | $1,551.00/unit/mo | 10.9% | — | — | Lee & Associates |
| Q3 2025 Cushman & Wakefield | — | 93.0% | 2K SF | 2K SF | Cushman & Wakefield |
| Q3 2025 Northmarq | — | 7.7% | — | — | Northmarq |
| Q2 2025 Northmarq | — | 8.0% | — | — | Northmarq |
| Q1 2024 Avison Young | — | — | — | — | Avison Young |
| Q3 2016 Colliers | $1,028.00/unit/mo | 6.5% | — | — | Colliers |
Frequently asked questions
- What is the average asking rent for multifamily space in Raleigh?
- As of Q1 2026, the average asking rent for multifamily space in Raleigh was $1,028.00/unit/mo, per Colliers.
- What is the multifamily vacancy rate in Raleigh?
- The multifamily vacancy rate in Raleigh was 6.5% as of Q1 2026 (Colliers).
- Where does CREhunt's Raleigh market data come from?
- This report aggregates quarterly multifamily market data for Raleigh from Colliers, Lee & Associates, Cushman & Wakefield, Northmarq, Avison Young.
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