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Richmond, - Record level of demand in the last six months helped push occupancies higher and enabled same store rents to rise for the first time in eighteen months.
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Raleigh-Durham
Strong demand coupled with a modest development pipeline should help the Triangle see even stronger numbers in the next year.
Based on demand, development pipeline, employment growth, current occupancies and rent growth, the Triangle has moved up to our top ranking among the 19 markets tracked by Real Data.
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Greenville
Strong demand pushed occupancies higher. Rent growth was strong over the past six months, recouping nearly all the rent concessions that occurred over the past two years.
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Jacksonville
The area saw modest improvements in occupancies and stabilizing rents in the past six months. With nothing in the development pipeline, Jacksonville should continue to see improving occupancies into 2012.
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Norflok-Va.Beach
The area continues to be one of the best performing markets in the southeast with relatively high occupancies and steady rents.
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