Businesses booming in downtown Raleigh

Downtown Raleigh is booming.

RALEIGH, N.C. (WNCN) – Downtown Raleigh is experiencing some growing pains.

The area has become quite popular for business, and new retailers are finding it difficult to find a place to plant their stores.

The head of the Downtown Raleigh Alliance said it’s a good problem to have. Current businesses are finding success in the downtown area and there is less turnover than there used to be in recent years. There are definitely still spaces available, but they are just a little off the beaten path or under construction in new developments.

“Our vision has always been to take, export the success the downtown beyond Fayetteville Street, and it’s starting to happen,” said David Diaz, President and CEO of the Downtown Raleigh Alliance. “And you know a building like the L Building for instance, is only two blocks from Fayetteville Street, and there’s lots of activity around it.”

There have been eight new businesses move into downtown street-front spaces in the past couple months, and several more announcements expected in the coming weeks.

The nightlife in downtown Raleigh has boomed so much that noise at night has become a rising problem. The city may ban left-hand turns on weekend nights as a way to reduce the traffic.

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