Downtown Raleigh Is Innovative and Growing: Why You Should Live Here

Home | Downtown Raleigh Is Innovative and Growing: Why You Should Live Here

Looking to live in a city? Have you considered downtown Raleigh? According to a “State of Downtown Raleigh” report that was recently released, the City of Oaks is about to experience an economic boom at the hands of more dining, shopping, and living options. In fact, the energy in Raleigh is so positive that Forbes recently named it one of the Top 12 Destinations in the World.

Due to its recent population growth, businesses have been quick to establish roots in the city that includes more than 8,200 residents alone. Downtown Raleigh is on the fast-track to being one of the nation’s most desirable locations with more than $1.75 billion in future investments.

Over the past two years, voters have approved both a bicycle rental program and the Wake County Transit Plan, which will provide several additional options for getting around.

Living Near Downtown Raleigh

Luxury homes at Oakdale at Mordecai in downtown Raleigh

Luxury homes at Oakdale at Mordecai in downtown Raleigh

With multiple different parts of downtown Raleigh, there are plenty of options for living arrangements, including everything from apartments to single-family homes. Expect to see the Warehouse District blossom in the upcoming year, with a planned transit hub, Union Station, and more to come.

Kitchen at The Wade in downtown Raleigh

Kitchen at The Wade in downtown Raleigh

If you’re looking for a home within walking distance of downtown Raleigh, consider Oakdale at Mordecai. These single-family homes are located across from Historic Oakwood and offer luxury living right outside of the city. Stroll into town for dinner, or walk across the street to Mordecai Park for a fun-filled day.

The Wade is a new two- and three-bedroom luxury condominium community that is currently in the construction process. Setting the new standard for condominium living, The Wade is a short distance from downtown Raleigh, as well as the tree-lined streets of Hayes Barton and Cameron Village.

Working in Downtown Raleigh

Did you know that more than 45,000 people work in downtown Raleigh? This is an increase of 19 percent in the last seven years. According to the Downtown Raleigh Alliance, the area is expected to add 11,500 more employees before 2030.

Some of the Triangle’s most well-known companies including Red Hat and Citrix are headquartered in downtown Raleigh, as well as HQ-Raleigh which is home to more than 130 of Raleigh’s start-ups.

The reasoning behind all of the jobs downtown is that the area has a higher percentage of residents living in the vicinity that have bachelors and graduate degrees than state and national numbers. Fifty percent of downtown Raleigh residents aged 25 and older have at least a bachelor’s degree, whereas the rest of North Carolina is 28 percent.

Dining and Shopping in Downtown Raleigh

In 2016, 16 new stores and 25 new restaurants opened in the downtown area. For the first time ever, food and drink sales topped $200 million as well. Ninety-six percent of the stores in downtown Raleigh are locally owned, with themes that include local gifts, fashion, and home furnishings.

Downtown Raleigh is home to some extremely talented chefs as well, including Ashley Christensen from Death and Taxes, Scott Crawford from Crawford and Son and Cheetie Kumar from Garland, who all have been nominated for the James Beard Award multiple times. The award is the highest achievement in the culinary world.

If you’re looking to find a spot to sit down or eat at outside, more than 75 establishments have outdoor dining or a private space that allows you to relax.

Overall, downtown Raleigh is the place to be. Grab a show at The Duke Center for the Performing Arts, or head to the Museum of Natural Science to see its latest exhibit. And with plenty of new home communities located near the downtown area, you have a lot of options to choose from.