• What's This?
    Artspace
    Mixed media artist and clothing designer Marie Cordella is just one of the 40 artists whose work can be viewed at ArtSpace, a visual art center that features 23 open studios, three exhibition galleries, lectures, classes and many other stimulating art events.
  • What's This?
    North Carolina State Capitol
    The North Carolina State Capitol, completed in 1840, is one of the finest and best-preserved examples of a major civic building in the Greek Revival style of architecture. It is a National Historic Landmark.
  • What's This?
    Blount Street was once home to rich industrialists and prominent civic leaders, as evidenced by these beautiful, historic homes. Nearby Blount Street Commons, currently under construction, will soon add even more residences, retail shops and parks.
  • What's This?
    Catch 22
    Catch 22 is a modern baroque aesthetic clothing boutique that offers bold designs, funky accessories, and evening essentials, handpicked from the hottest designers at notably affordable prices.
  • What's This?
    Dos TaQuitos Centro
    Dos TaQuitos Centro restaurant reflects the music, art and food of Mexico. Voted Indy's “Best of the Triangle 2008,” the owner refers to the decor as “an organized mess,” while the menu features some of the Triangle's favorite Mexican fare.
  • What's This?
    Father and Son Antiques
    Father and Son Antiques is home to a bounty of collectables and oddities, from mid-century designs and vintage threads to '50s kitch, tiki, mod, and much more.
  • What's This?
    Wachovia IMAX Theater
    This architectural sculpture marks the entrance of the Wachovia IMAX Theater at Marbles Kids Museum, which provides a larger-than-life movie experience for kids of all ages.
  • What's This?
    Knockabout
    Knockabout is a unique gift shop for the creative class featuring items you won't find in any mall. Many of the crafts are made by talented North Carolina artisans. Be sure to visit the bakery and try one of their freshly made cookies.
  • What's This?
    Raleigh Times Bar
    The Raleigh Times Bar is located in the beautifully restored 100-year-old former home of the city's evening newspaper. Featuring creative takes on classic bar fare, and an amazing beer selection.

#DTRetail

Why Downtown Raleigh for retail?

Raleigh is undeniably experiencing significant growth with respect to population, economy, and reputation. With this growth comes an opportunity for new retailers of all kinds to emerge and succeed. Below is a condensed list of answers to the question; "Why pick Downtown Raleigh for my new storefront?"

  1. Join an expanding retail base
     
    • Since the start of 2014, 31 new stores have opened in downtown. Additionally, 346,000 square feet of new ground floor retail space has been created recently or planned for delivery in the near future.
       
    • The chart below shows storefronts of all kinds have significantly grown in presence since 2010, retail especially.


       
  2. Steady growth of downtown employment
     
    • There are 45,000+ workers downtown, a 19% growth in the past 7 years. The chart below shows a projection estimating an additional 11,500 jobs in downtown by 2030.
       

    •  
    • Currently, 1,500,000+ square feet of new Class A office space is under construction which will increase office employment capacity by 6,000+ new workers.
       
    • The US Census estimates an 11% growth in average household income for downtown residents between the ages of 25 - 54 from 2016 - 2021.
       
  3. Growing tourism industry
     
    • Downtown has seen a 36% increase in visitors over the past decade, 7% over the last 3 years.


       
    • 3.2 million people visited Raleigh's top 12 attractions last year.
  4. Rapidly growing residential population 

    • This year Raleigh's downtown population broke 8,200 residents, up 147% since 2000. A total of 16,550 people live within 1 mile of downtown.
       
    • Downtown boasts 3,672 residential units recently delivered, under construction, or planned with 1,803 units completed since the start of 2015, 564 units under construction, and 1,300+ units planned. This new development provides housing for up to 5,500 new downtown residents.
       

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    • Increase in retail demand
       
      • Downtown Raleigh already captures $42 million in retail spending with an estimated future growth of $200+ million in potential spending generated by new residents, workers, and visitors.


         
    • Us!
       
      • The Downtown Raleigh Alliance offers services to storefront business prospects in the Raleigh BID. From providing market data to issuing thousands of dollars in grants we do all we can to support our retailers.
         
      • Economic data can be found on our website here: Reports, Publications, Plans.
         
      • Information about grant opportunities can be found here: DRA Retail Grants and Resources.