Deaton Investment Real Estate & The Wake County Apartment Association

Friday, February 12, 2010

Housing Shortage at NCCU

North Carolina Central University, located just south of Downtown Durham, has been in the process of redeveloping and adding on-campus housing over the past couple of years. However, the process has left the campus with a severe shortage of housing for students. As this article from the Herald Sun states, almost all upper classmen are being forced to live off campus.

While this might not be ideal for the students or the administration, this certainly offers apartment owners in the surrounding neighborhood an opportunity to capture some well qualified tenants. And it doesn't look like the problem is going to be fixed anytime soon. Current building timelines estimate there could be a shortage for another 7 years or more.