One Nash Square Changes Raleigh's Housing Game | Raleigh News

0:00It's September 12th. I'm Corey with the story, and this is Raleigh News today. Local news powered by AI. Downtown Raleigh seen a massive boom in housing, with almost 7,000 new units added since 2015. The catch? Almost all of them are rentals. Only about 274 are actually for sale, meaning folks looking to own a piece of the city have had slim pickings. This is why a new project called One Nash Square is a pretty big deal. It's an 82-unit condo tower that slated to break ground this winter. The developers actually switched gears from building rentals to condos because the rental market is so saturated right now. The people moving into downtown Raleigh tend to be younger and have solid incomes, often over $150,000 annually. So there's definitely a demographic that's looking for ownership opportunities, not just another apartment lease. These new condos won't be cheap, with prices starting around $8,000-$35,000 and going

1:00up to over 4 million for the pinhouses. The building will come loaded with amenities like a gym, co-working spaces, and a pool, aiming to bring that big city condo living experience too. Raleigh? This project is kind of a test case for the downtown market. If One Nash Square does well, it could pave the way for more four-sale housing options, helping to fill out the entire spectrum of housing choices in. The area.