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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 over 1,000,000
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(12/2011) |
6.5% |
$806 |
90
(15) |
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| Charleston(3/2012) |
8.3% |
$810 |
96 (16) |
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| Charlotte(3/2012) |
6.7% |
$786 |
94 (3)
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| Chattanooga(2/2012) |
5.6% |
$732 |
99 (2)
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| Columbia(11/2011) |
9.5% |
$774 |
86 (17)
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| Gainesville(4/2012) |
6.8% |
$943 |
91 (13)
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| Greensboro/WS
(4/2012) |
8.4% |
$681 |
93 (8) |
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| Greenville/SPG
(12/2011) |
8.2% |
$684 |
94(4)
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| Jacksonville(1/2012)
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11.2% |
$769 |
88 (19)
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| Myrtle
Beach (2/2012) |
10.7% |
$697 |
92 (11)
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| Norfolk-Va.Beach
(11/2011) |
6.4% |
$926 |
91 (14)
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| Orlando
(4/2012) |
6.2% |
$877 |
93 (6)
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Raleigh/
Durham (2/2012) |
6.6% |
$834 |
94 (5)
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| Richmond
(2/2012) |
7.1% |
$862 |
93 (9)
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| Roanoke
(8/2011) |
6.1% |
$693 |
93 (7)
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| Savannah
(8/2011) |
5.9% |
$817 |
100
(1) |
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| Tallahassee
(10/2011) |
8.1% |
$955 |
87 (18)
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| Tampa
Bay (12/2011) |
7.4% |
$837 |
93(10)
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| Wilmington(6/2011)
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5.7% |
$716 |
92 (12)
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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 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 in parentheses and its actual market
conditions may have changed since that time. |
Updated
April 20, 2012
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Greenwboro-Winston Salem
New construction is picking up as developers start construction on more than 1,000 new units in the past six months.
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Charlotte
With occupancy rates and rents continuing to improve, developers are moving quickly with over 3,100 units now under construction.
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Charleston
Development activity gained momentum as occupancy rates and rent growth pulled back in the past six months due to slowing demand over the same time period.
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Orlando
Orlando apartment market continues to steadily improve with a vacancy rate at 6.2% as of March. Though slower than the prior six month period, demand was still strong.
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Richmond
Although occupancy rates fell slightly in the past few months, we forecast occupancies and rents to improve through 2012. Developers remain very active in the downtown area of Richmond along both sides of the James River.
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