Real Data
Apartment Market Update
January 3, 2013

Apartment Market Updates
Occupancies Fully Recovered

The occupancy rate in the Southeast apartment market has stabilized over the past year and most cities are now at or above pre-recession levels.  Nashville is the regional leader with an occupancy rate above 95%.  Demand continues to be strong and we expect occupancy rates to hold steady into the upcoming year. 

Real Data

Demand surges in Asheville...
Asheville posted its strongest demand on record.  The vacancy rate was offset by new supply but improvements are expected in 2013 as new units get absorbed into the market...Read More.
Real Data
Development increasing in Greenville-Spartanburg...
Development  activity is on the rise in Greenville with construction at a four year high.  Downtown and the northwest areas are the current focal points ... Read More

Tampa Bay
Real Data

Tampa starts at five year high...
Development has revved up in the Tampa apartment market with new construction starts at a five year high. Three years of strong demand has generated confidence throughout the region...Read More.
Regional News Updates
Wells Fargo
Housing chartbook...
Expectations for home sales and new home construction have increased considerably in recent months as the underlying fundamentals have improved. Housing is one of the few areas of the economy that has been left essentially unshaken by the uncertainty surrounding the fiscal cliff... Read More

Wall Street Journal     12-06-2012

Resort style student communities on the rise...
Real-estate investors and developers, hungry for new areas for growth, are finding a lucrative and previously untapped market in these areas surrounding college campuses, one marked by low inventory, booming enrollment and an increasing appetite for luxury living...Read More
Tampa Bay
Tampa Bay Business Journal
Tampa student apartments fetch $49 million...
The Sterling North Campus student apartment complex near the University of South Florida has sold for $49 million... Read More
The Greenville News
Greenville apartment market update...
The vacancy rate for the Greenville-Spartanburg-Anderson area increased from 6.6 percent in May to 6.8 percent due to a decline in demand, according to Andrea Pevey of Real Data...Read More
Orlando Business Journal
Construction starts on $70 million Orlando project...
Southgate Development LLC began clearing land in early December on a 35-acre site near Seminole Towne Center to prepare for a  new $70 million apartment and restaurant development..Read More
Greater Triad Business Journal
New units planned for downtown Greensboro...
Developers expect to start by next summer on a $6 million, four-story building that will house about 70 rental units in downtown Greensboro...Read More
Property Management Insider
Nashville is a high end leader...
Nashville has recently found itself as a national leader in terms of apartment construction activity and most of what’s under way in The Music City is high-end development...Read More
Post and Courier
Charleston's apartment market heats up...
The Lowcountry's apartment front is a burgeoning one as investors continue building more units based on the region's improving economy and growing population... Read More

Upcoming Real Data Market Reports

Jacksonville-January 15th
Raleigh-Durham-February 1st
Richmond-February 1st
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