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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 more than 800,000
multi-family units in North Carolina, South Carolina, Florida, Virginia, Georgia
and Tennessee, 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.
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| Asheville(12/2007) |
4.9% |
$792 |
86
(7) |
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| Charleston(3/2008) |
9.6% |
$762 |
85 (9)
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| Charlotte(3/2008) |
9.2% |
$735 |
84 (13)
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| Chattanooga(2/2008) |
6.9% |
$658 |
82 (16)
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| Columbia(11/2007) |
10.7% |
$695 |
86 (11)
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| Gainesville(4/2008) |
6.5% |
$1030 |
85 (10)
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| Greensboro
/ Winston (10/2007) |
10.3% |
$645 |
82 (15)
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Greenville
Spt'burg (12/2007) |
6.8% |
$633 |
90(4)
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| Jacksonville(1/2008)
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14.2% |
$800 |
78 (18)
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| Myrtle
Beach (2/2008) |
14.4% |
$734 |
77 (19)
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| Norfolk-Va.Beach
(11/2007) |
5.1% |
$862 |
96 (3)
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| Orlando
(4/2008) |
10.5% |
$859 |
81 (17)
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Raleigh/
Durham (2/2008) |
8.3% |
$774 |
89 (6)
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| Richmond
(2/2008) |
6.4% |
$802 |
89 (5)
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| Roanoke
(4/2007) |
5.9% |
$633 |
98 (1)
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| Savannah (8/2007)
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9.4% |
$748 |
82 (14)
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| Tallahassee
(10/2007) |
6.5% |
$880 |
86 (8)
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| Tampa
Bay (12/2007) |
9.4% |
$829 |
84(12)
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| Wilmington(6/2007)
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6.1% |
$715 |
96 (2)
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| Market
Rank : Real Data scores each market based on its occupancy, employment
growth, development pipeline and rent growth. A higher score is more favorable
with scores typically ranging from 80-100. In parentheses is the markets
rank based on its score among the cities tracked by Real Data. |
Updated
April 21, 2008
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Gainesville, FL - Several new developments are underway which will increase supply by more 6% in the coming year.
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Greensboro
Weak employment numbers coupled with new supply has pushed occupancy rates below 90%. Southwest Greensboro, High Point and Kernersville are fairing the best.
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Charleston
Demand has been strong over the last year. However, new construction starts reached its highest level in over ten years indicating that new supply may outpace demand in the coming year.
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Orlando
Weak demand caused by condominium re-conversions and the shadow rental market continue to pushed vacancy rates for conventional apartment higher.
Rent growth has been virtually flat over the last eighteen months.
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Richmond
Weak demand pushed vacancy rates higher.
Although development activity has been limited in the past year, new supply should begin to outpace demand in 2009.
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