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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 900,000
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(12/2009) |
12.8% |
$753 |
72
(17) |
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| Charleston(9/2009) |
11.2% |
$751 |
81 (6)
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| Charlotte(9/2009) |
12.8% |
$697 |
69 (18)
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| Chattanooga(2/2010) |
7.7% |
$659 |
96 (1)
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| Columbia(11/2009) |
11.5% |
$761 |
80 (7)
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| Gainesville(4/2009) |
13.0% |
$977 |
76 (13)
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| Greensboro/WS
(10/2009) |
13.9% |
$629 |
75 (14)
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| Greenville/SPG
(12/2009) |
11.8% |
$617 |
74(15)
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| Jacksonville(1/2010)
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13.1% |
$736 |
73 (8)
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| Myrtle
Beach (2/2009) |
17.5% |
$749 |
67 (19)
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| Norfolk-Va.Beach
(11/2009) |
6.9% |
$882 |
86 (2)
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| Orlando
(10/2009) |
10.5% |
$823 |
77 (12)
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Raleigh/
Durham (2/2010) |
9.9% |
$751 |
81 (5)
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| Richmond
(2/2010) |
9.9% |
$788 |
78 (11)
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| Roanoke
(8/2009) |
6.9% |
$668 |
86 (3)
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| Savannah
(8/2009) |
13.7% |
$786 |
78 (10)
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| Tallahassee
(10/2009) |
11.2% |
$903 |
81 (4)
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| Tampa
Bay (12/2009) |
9.7% |
$808 |
78(9)
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| Wilmington(6/2009)
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12.1% |
$669 |
73 (16)
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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
February 2, 2010
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Richmond, - Developers remain very active in the areas around Fort Lee military base in anticipation of its expansion.
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Raleigh-Durham
Strong demand over the last six months produced modest gains in occupancies, however rental rates continue to decline.
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Greenville-S'burg
Study supply growth over the last several years had pushed occupancies and rents down, however development activity has slowed and occupancies have improved modestly in the last six months.
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Jacksonville
With virtually no new development on the horizon, occupancy rates should continue to improve.
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Norfolk-Va.Beach
The Hampton Roads area continues to have one of the lowest vacancy rates in the Southeast.
However, vacancies have been edging up over the last several years and are expected to rise moderalty in 2010.
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