Family Office Briefing on research byLee & Associates·Jan 28, 2025
2024 Q4 Durham, NC - Multifamily
Durham, NC multifamily market shows strong absorption but rising vacancy at 12.06% in Q4 2024 — family offices should consider co-GP opportunities with experienced operators.
Multifamily2024
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 12.06% |
| Absorption Units | 2,652units |
| Average Asking Rent | 1533$/unit |
| Sale Price per Unit | 212127$/unit |
| Cap Rate | 5.14% |
| Under Construction Units | 7288units |
Metrics extracted from the source report and independently fact-checked. Method →
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