Downtown Raleigh Alliance

Let's Meet & Mingle! ?? Next week, we're hosting a neighborhood social for Downtown Raleigh residents at ArtspaceNC. Get to know your neighbors, mingle with the Downtown Raleigh Alliance team, enjoy complimentary refreshments, and check out the Big Ink art exhibition on display. ??Artspace - Gallery 2 ?? Thursday, March 27th RSVP for free ?? https://bit.ly/3HmdeRd

We're so excited to launch the Explore Downtown Raleigh Giveaway on March 21st, where you’ll have the chance to win $500+ worth of prizes just for supporting downtown's small businesses. ?? Whether you’re grabbing your morning coffee, finding the perfect gift, or enjoying dinner with friends, your support of Downtown Raleigh storefronts directly benefits our local economy—and now, you could win big for it! More details and the entry form are coming soon, stay tuned ? March 21-31, 2025 ?? https://lnkd.in/ebXDwiQt ???? ??????'???? ?? ???????????????? ???????????????????? ???????????????? ???????????????????? ???? ???????????????? ????????, ?????????? ????????????????????????????@??????????????????????????????.??????. ???? ???????????????? ?????????????????? ???? ?????????? ???? ??????.

Hey! ?? We need your feedback! Each year, we ask the community to share their thoughts in our Annual Survey to help shape the future of Downtown Raleigh. Your perspective directly impacts our planning efforts to make downtown an even better place to live, work, and play. Take the survey now and be part of shaping this growing community! ?? https://bit.ly/41tGVuY

We make Downtown Raleigh better, together. ?? Last week’s First Friday block party and Downtown Rundown showcased what we do best as a community: uplifting local businesses, fostering connections, and making downtown a more vibrant, welcoming place for everyone. Whether through public art, workshops, free events, or open discussions, DRA is here to ensure Downtown Raleigh continues to grow and thrive with all of you in mind. Thank you for showing up and sharing your energy—it truly makes a difference! Stay tuned for more ways to engage and visit our website to find downtown events, businesses, resources, and more ?? downtownraleigh.org

Are you considering starting a business in Downtown Raleigh? ?? Join us for an informative workshop designed to help you navigate the process from idea to opening. We’ve assembled a lineup of speakers who will share valuable insights and resources to guide you through key aspects of starting a business in Downtown Raleigh. Don't miss this opportunity to learn from local professionals and take the first steps toward building your business. Speakers: - Todd Lyden, Wake Technical Community College Entrepreneurship & Small Business Center - Christina Coffey, Lee & Associates Commercial Real Estate Services - Sharon Moe, North State Bank ?? https://lnkd.in/e9wH7NRR

Passionate about Downtown Raleigh? ?? Share your thoughts and feedback on downtown in our Annual Survey! These findings will serve as a guide for our strategic planning in the upcoming year, ensuring alignment with the public's perspectives on our initiatives. Take the survey here ?? https://bit.ly/41tGVuY

Stay in the know and join us at our next Downtown Rundown ??? Hear downtown-related updates straight from the source and come with ideas to discuss with fellow business owners, residents, visitors, and employees. Curious how things are going for DTR's Economic Development Strategy? What to know what's coming up in Downtown Raleigh? We've got the answers! ?? March 3rd, 4:30-5:30pm ??Marbles Kids Museum Register for free ?? https://bit.ly/3HmdeRd

Save the Date! ?? Downtown Raleigh Alliance will host the next Downtown Rundown at Marbles Kids Museum on Monday, March 3rd at 4:30 pm. Join us to hear updates about what's going on in Downtown Raleigh, share your ideas, ask questions, and meet other downtown residents, business owners, and community members who care about what's happening downtown. Free to attend! Register and find out more: https://lnkd.in/dd5A6AD

ICYMI – A major bright spot in the most recent Quarterly Market Report from DRA was the big increase in monthly food and beverage sales in 2024 vs 2023. You all are really showing up for the incredible restaurants and bars across our vibrant downtown district, and it shows! Q4 saw an average of $28.7 million in food and bev sales per month — a $1.1 million increase over the same quarter in 2023. ?? Downtown Raleigh: Increased 16.3% in Q4 2024 vs 2023 ?? Glenwood South: 21.4% increase year over year, most of any district ?? Fayetteville Street District: 10% increase year over year in sales — the best year the district has seen since 2019 Let’s keep those numbers solid into the new year! Winter can be tough for our locally-owned downtown businesses and they need us to keep showing up. So tell us—where are you looking forward to having your next meal in Downrown Raleigh?

Downtown Raleigh's Q4 2024 in Review ?? From October to December, Downtown Raleigh experienced significant economic growth and a wave of new business openings. This progress has laid a solid foundation for the year ahead, as downtown continues to build on its positive momentum. ??? 27 storefront businesses opened in Q4, bringing total openings in 2024 to 82. There are 22 additional storefront businesses currently announced coming soon. ??? Food and beverage sales rose +16% YoY and +30% over 2019 (Wake County). Downtown had 4.6M visitor visits in Q4, up +2.4% YoY (Placer .ai) ?? Monthly hotel tax revenue rose +21% YoY (Wake County). Two new hotels—added 410 rooms, growing downtown’s total hotel room inventory by +25%. ??? 14 development projects are currently under construction—when complete they will add 1,772 residential units and 56,134 sq. ft. of retail space. ??? Downtown added 710 new residential units in 2024. Occupancy dipped slightly in Q4 as new supply was absorbed, but net absorption remained strong, with +477 more units occupied in 2024 than in 2023 (CoStar). And that's not all! Find all the details in our full report ?? https://bit.ly/3jyXfWb