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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(12/2008) |
7.6% |
$778 |
75
(14) |
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| Charleston(9/2009) |
11.2% |
$751 |
81 (4)
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| Charlotte(9/2009) |
12.8% |
$697 |
69 (18)
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| Chattanooga(2/2009) |
10.0% |
$661 |
81 (5)
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| Columbia(5/2009) |
12.6% |
$728 |
80 (6)
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| Gainesville(4/2009) |
13.0% |
$977 |
76 (13)
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| Greensboro/WS
(10/2009) |
13.9% |
$629 |
75 (15)
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| Greenville/SPG
(6/2009) |
12.5% |
$636 |
78(10)
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| Jacksonville(7/2009)
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14.4% |
$757 |
73 (16)
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| Myrtle
Beach (2/2009) |
17.5% |
$749 |
67 (19)
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| Norfolk-Va.Beach
(5/2009) |
7.3% |
$869 |
83 (2)
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| Orlando
(10/2009) |
10.5% |
$823 |
77 (11)
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Raleigh/
Durham (8/2009) |
10.4% |
$760 |
78 (9)
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| Richmond
(8/2009) |
8.9% |
$804 |
78 (7)
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| Roanoke
(8/2009) |
6.9% |
$668 |
86 (1)
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| Savannah
(8/2009) |
13.7% |
$786 |
78 (8)
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| Tallahassee
(10/2009) |
11.2% |
$903 |
81 (3)
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| Tampa
Bay (6/2009) |
10.0% |
$819 |
76(12)
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| Wilmington(6/2009)
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12.1% |
$669 |
73 (17)
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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
October 20, 2009
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Greensboro Winston-Salem, - Demand has not kept pace with previous new supply growth which has pushed vacancies to nearly 14%,
However, new construction has slowed with only 665 units currently underway.
Rents continue to fall as communities attempt to attract renters.
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Charlotte
Job losses and and continued development activity are pushing vacancy rates higher.
However, demand for rentals was relatively strong given the current economy and reduction in employment.
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Charleston
Although vacancy rates remain high by historical standards, demand for rentals set a record in the last six months helping occupancies rise four percentage points
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Orlando
The rental market seems to be on the rebound. Demand was very strong in the last six months and a limited development
pipeline should enable occupancy rates to continue to improve in the coming year.
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Richmond
The area continues to outperform other southeast cities due to limitation on new development. However vacancy rates have risen to nearly 10% and rents growth is starting to feel downward pressures.
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