54% Of Raleigh Landlords Turn To Concessions In Renter's Market

Throughout 2025, Triangle multifamily landlords have grappled with a glut of supply created by a postpandemic boom in construction. Some 11,000 units are expected to deliver by the end of the year, and some 13,000 units were delivered the year prior, according to Northmarq.  That has put downward pressure on rents.  While absorption and occupancy remain strong in the metro area compared to other parts of the Sun Belt, rent prices ticked down 20 basis points more than the national average in the third quarter, according to Yardi Matrix.  Because of this, landlords now must compete with each other for tenants.