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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(12/2012) |
7.2% |
$839 |
99
(1) |
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| Charleston(3/2013) |
8.3% |
$842 |
87 (19) |
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| Charlotte(3/2013) |
6.2% |
$842 |
96 (4)
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| Chattanooga(2/2013) |
7.9% |
$771 |
91 (13)
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| Columbia(5/2013) |
8.2% |
$813 |
94 (6)
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| Gainesville(4/2013) |
7.0% |
$940 |
95 (5)
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| Greensboro/WS
(4/2013) |
8.3% |
$699 |
88 (17) |
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| Greenville/SPG
(12/2012) |
6.8% |
$721 |
92(12)
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| Jacksonville(1/2013)
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9.7% |
$783 |
90 (16)
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| Myrtle
Beach (2/2013) |
10.3% |
$768 |
93 (7)
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| Nashville
(3/2013) |
5.0% |
$833 |
93 (9)
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| Norfolk-Va.Beach
(11/2012) |
7.3% |
$931 |
88 (18)
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| Orlando
(4/2013) |
5.6% |
$907 |
97 (2)
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Raleigh/
Durham (2/2013) |
5.5% |
$868 |
92 (10)
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| Richmond
(2/2013) |
6.9% |
$876 |
90 (15)
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| Roanoke
(8/2012) |
5.2% |
$710 |
90 (14)
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| Savannah
(8/2012) |
5.6% |
$842 |
93 (8)
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| Tallahassee
(10/2012) |
9.4% |
$977 |
83 (20)
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| Tampa
Bay (12/2012) |
6.6% |
$875 |
96(3)
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| Wilmington(6/2012)
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6.2% |
$760 |
92 (11)
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| 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. |
Updated
May 1, 2013
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Orlando
A construcion boom is underway in the Orlando area concentrated in the Downtown and Southwest areas. Overall occupancy, rent growth and demand remain healthy.
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Greensboro/WS
Demand continues to be strong in the Greensboro-Winston Salem market with nearly 3,000 units absorbed in the past two years leading to a vacancy of 8.3%, which is historically low for this market.
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Charleston
Although development activity is increasing, demand and rent growth were flat over the past six months pusing occupancy levels lower.
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Gainesville
Strong demand coupled with a slow development pipeline has led to a vacancy rate at 7.0%. Rent growth has been strong as well with 3% annualized growth in the past two years.
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Richmond
Demand has kept pace with the growing new supply. Development activity remains concentrated in the central core of the city where more than half of all development activity is occurring.
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