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Vacancy rates tracked by Real Data over the last period ... ... Charlotte 5.1% ... Greensboro/WS 3.3% ... Norfolk/VaBeach 2.6% ... Raleigh/Durham 4.3% ... Richmond 3.1%

Rental rates tracked by Real Data over last period ... Charlotte $1,494 ... Greensboro/WS $1,146 ... Norfolk/VaBeach $1,360 ... Raleigh/Durham $1,465 ... Richmond $1,333
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  • The latest Norfolk/VaBeach report will be available for download on November 30th.


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    Real Data tracks the multi-family apartment markets in the major metro markets of the Southeast. We are one of the few publishers of apartment statistics based on 100% market survey versus sample data. We track statistics on multi-family units in North Carolina and Virginia, which gives our subscribers the most extensive data set of comparable apartment statistics available. The market studies are published semi-annually on each market's vacancy, rental rates, development and absorption trends.



    Charlotte(3/2022) 5.1% $1,494 106(2) Find Apartments Research
    Greensboro/WS (4/2022) 3.3% $1,146 106(3) Find Apartments Research
    Norfolk-Va.Beach (5/2022) 2.6% $1,360 99(5) Find Apartments Research
    Raleigh/
    Durham (2/2022)
    4.3% $1,465 107(1) Find Apartments Research
    Richmond (12/2021) 3.1% $1,333 102(4) Find Apartments Research
    Market Rank : Real Data scores each market based on its occupancy, employment growth, development pipeline, demand and rent growth. A higher score is more favorable with scores typically ranging from 90-95. In parentheses is the markets rank based on its score among the cities tracked by Real Data. Note each market's score is as of its survey date and its actual market conditions may have changed since that time.

    Real Data is no longer tracking Asheville, Charleston, Columbia, Greenville, Nashville or Wilmington. If you are interested in an older report from or before 2020 for any of these markets please contact us at (704)369-2345 to make arrangements.


    Updated June 8th, 2022

    Richmond

    Vacancy rates remain low, despite historically high new development and supply growth.



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    North Carolina Report

    Greensboro/Winston-Salem/High Point

    The average vacancy rate is now just 3.3%.

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    Virginia Report

    Norfolk/Virginia Beach/Newport News
    Rent growth remains strong with the average rental rate at $1,360 per month.

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