Greensboro experienced that largest National increase in one-bedroom rent prices, report says…. RIDICULOUS! Smh (Charlotte: apartment complexes, rental)
Greensboro, Winston-Salem, High PointThe Triad Area
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This is your contribution? The linked report by Rent in City Beat doesn't mention Greensboro, but does list Raleigh/Cary as the 2nd largest rental increase as a metro. The Greensboro claim strikes me as preposterous, but feel free to supply substantiation and I'll stand corrected.
This is your contribution? The linked report by Rent in City Beat doesn't mention Greensboro, but does list Raleigh/Cary as the 2nd largest rental increase as a metro. The Greensboro claim strikes me as preposterous, but feel free to supply substantiation and I'll stand corrected.
Your post should be directed at the OP who, in his weird zeal to try to attempt to slam the Triad, obviously didn't even bother to actually read the report, lol. I guess thats what one get when one relies on Triad City Beat as a source of real information. smh
Downtown Greensboro rent has surged high though. At CityView Apartments the cheapest apartments are the 600 square feet one bedroom studios and they are now starting at $1,200 a month. When the complex first opened in December of 2007, those same units started out at $699 a month. Some residents have been forced to move out. I know of several residents who were paying $900 a month got a shock when their lease bumped up to $1,300 when they saw their lease renewal. That's just wrong. I can only imagine what the newer apartment complexes downtown are up to. As far as downtown goes, I would caution developers pricing their rent too high. Greensboro is not Charlotte or Raleigh and if they are not careful they are going to end up with new apartment complexes with empty apartments and the only people living in them will be elderly emptynesters with a little money and not younger adults.
…Greensboro is not Charlotte or Raleigh and if they are not careful they are going to end up with new apartment complexes with empty apartments and the only people living in them will be elderly emptynesters with a little money and not younger adults.
Exact same thing is was thinking. This trend of rising rents literally makes no sense for city like Greensboro.
Exact same thing is was thinking. This trend of rising rents literally makes no sense for city like Greensboro.
Maybe it does.
I'm not sure the price of rent before considering the proximity to two bigger metros (Charlotte and Raleigh/Durham) wasn't on the low side. Add in more working from home and you potentially add some demand from those who might not be willing to commute 60-90 minutes each way daily... but are happier to do it on a monthly or maybe weekly basis.
My suspicion is that there will be some pull back, but I think a lot of this is market correction that may habe been undervalued previously. It also may also end up helping to justify more residential building in downtowns (Greensboro, Winston-Salem, and even High Point) if you want to find a little silver lining.
I always have said downtown Greensboro doesn't warrent enough downtown to justify the high rent price in that area. U can definitely find apts just as nice on new garden, battleground that are 300 bucks cheaper and have just a 15 minute drive to enjoy the down town sites and what amenities downtown has to offer at the moment. Until downtown grows more or starts having restaurants that stays open later it needs to adjust it's price points.
I always have said downtown Greensboro doesn't warrent enough downtown to justify the high rent price in that area. U can definitely find apts just as nice on new garden, battleground that are 300 bucks cheaper and have just a 15 minute drive to enjoy the down town sites and what amenities downtown has to offer at the moment. Until downtown grows more or starts having restaurants that stays open later it needs to adjust it's price points.
Maybe for you, but others may feel differently. Carroll's SOB development will be a huge test IMO. If it fills quickly, I could see there being considerable new development following. Especially as downtown continues to add restaurants, breweries, and other amenities.
I agree other amenities is the key word . And adding more breweries isn't gonna add value to downtown. We got enough breweries.. what we need downtown is a grocery store . A basic normal grocery store, not another organic deep roots type one. And we need some more restaurants that has med price points. I really hate Pier didn't survive as it was a good fish place to have downtown.. at this time there isn't a fish place downtown is there? It's good Starbucks finally arrived. Glad to see that Hardee's building get some use! I really wish downtown could carve out a spot that's like Walker Ave.. and have their version of lindley park filling station, fish bones and sticks and stones. All will patio dining thats not facing the street. I'm still anti cafe Europa do to about 3 bad dinning experiences in a row... I think that place lives more off it's location then it does actual quality. Shame too cause they have an amazing patio.
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