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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 nearly 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(12/2007) |
4.9% |
$792 |
86
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| Charleston(3/2008) |
9.6% |
$762 |
85 (7)
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| Charlotte(3/2008) |
9.2% |
$735 |
84 (10)
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| Chattanooga(2/2008) |
6.9% |
$658 |
82 (15)
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| Columbia(5/2008) |
12.4% |
$709 |
80 (17)
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| Gainesville(4/2008) |
6.5% |
$1030 |
82 (13)
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| Greensboro/WS (4/2008) |
10.3% |
$645 |
82 (14)
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| Greenville/SPG (6/2008) |
10.3% |
$647 |
84(9)
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| Jacksonville(7/2008)
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13.6% |
$798 |
77 (18)
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| Myrtle
Beach (2/2008) |
14.4% |
$734 |
77 (19)
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| Norfolk-Va.Beach
(5/2008) |
6.3% |
$876 |
90 (2)
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| Orlando
(4/2008) |
10.5% |
$859 |
81 (16)
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Raleigh/
Durham (8/2008) |
9.2% |
$787 |
87 (4)
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| Richmond
(8/2008) |
5.8% |
$816 |
88 (3)
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| Roanoke
(4/2007) |
5.9% |
$633 |
98 (1)
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| Savannah (8/2008)
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9.2% |
$790 |
83 (12)
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| Tallahassee
(10/2007) |
6.5% |
$880 |
86 (6)
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| Tampa
Bay (6/2008) |
9.0% |
$839 |
84(11)
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| Wilmington(6/2008)
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7.9% |
$723 |
85 (8)
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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
August 2, 2008
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Jacksonville,FL - The market has begun to improve with its stongest demand in several years. However, the weak national economy and new development activity will slow the recovery for the apartment sector.
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Raleigh-Durham
Developers remain very active in the Triangle, especially the Central and Southwest areas of Wake County. Rent growth has slowed as vacancies surpass 9%.
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Greenville-Spartanburg
A surge in new development has pushed overall vacancies to 10.3%, however newer stabilized community vacancies remain under 7%.
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Tampa Bay
The stalled condo-conversion market continues to impact the supply-side of the rental market.
The market has stabilized with occupancies and rent growth expected to improve in the coming year.
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Richmond
Richmond continues to have one of the highest occupancy rates in the southeast with relatively strong demand and rent growth.
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