Apartment Vacancies in Raleigh Are at an All-Time High

OK, entrepreneurs! WalletHub ranked Raleigh as the No. 11 best large city to start a business, trailing Durham and Charlotte at No. 9 and No. 3, respectively.

Getting schooled, Wake County Manager David Ellis proposed a $2.07 billion budget for Fiscal Year 2025, with more than half the money going toward education. 

“Nobody is putting bab(ies) in the corner U.S. population.” The U.S. birth rate has dropped to a record low, with ~3,591,328 babies born in 2023 compared to 3,667,758 born in 2022.

On the go? Raleigh’s taxi fares increased for the first time since 2006. 🚕

Who’s pissed? “Me too.” Harvey Weinstein’s 2020 rape conviction was recently overturned by a New York appeals court that found the “judge for the trial handed down improper rulings.” A new trial has been ordered.

WPN, stand up! ICYMI NC State’s winning football coach Dave Doeren signed a two-year contract extension through the 2029 season, earning $5.5 million annually plus bonuses. A touchdown, indeed.

NC State football head coach Dave Doeren

Double or nothin’. City Council voted to move to four-yearlong terms beginning in the 2026 election. Another hot-button topic—growing the board with three new seats—was voted against and tabled for now (stay tuned to our June issue for more intel).

Supply ↗️ Demand ↘️ Apartment vacancies in Raleigh are at all-time high, with DTR’s clocking in at 12.4% and an average rent of $1,577 in March.

No more Clippy?! ICYMI, tech giant Microsoft broke off its contract for 40,000 square feet of office space in Morrisville, with another 40,000 square feet available for sublease.

He did it for science. Nearly two months following the procedure, the first person to receive a genetically modified pig kidney transplant has died.

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Angela Brown
Angela Brown is the author of our Business & Economy section.