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Real Data
Apartment Market Update
March 13, 2013

Apartment Market Updates
Demand Spurring Development Throughout the Southeast

Demand has outpaced supply in the Southeast apartment market for the past few years, but the recent uptick in development has those trends tracking more closely in 2012.  A surge in new construction is currently underway.  Charlotte, Raleigh, Nashville and Charleston are regional leaders with projected annual supply growth above 3.5%. 

Real Data

Development surges in the Charlotte area...
Development in the Charlotte metro is at its highest level since 2000 with the Southend and South Park areas poised for the most substantial growth.  New supply has  cause a modest increase in the vacancy rate, a trend that is expected to continue into 2015 as current construction comes online...Read More.
Myrtle Beach
Real Data 
Demand increasing in Myrtle Beach...
Demand in the Myrtle Beach apartment market is on the rise, with the region posting its highest demand in eight years.  This helped the occupancy rate to improve to 89.7%, a six year high... Read More

Real Data

Rental rates rising in Chattanooga...
Rental rates in Chattanooga have seen significant rent growth over the past three years.  However, demand weakened over the past year leading to a higher vacancy rate.  Development has also revved up and is expected to keep overall vacancies at or above their current rate...Read More.
Regional News Updates
Wells Fargo
Housing recovery continues to take shape...
The housing recovery finally asserted itself in 2012, with nearly every key metric posting measurable improvement from prior years. Sales and prices both rebounded solidly this past year, and new home construction steadily gained momentum over the course of the year... Read More

Nashville Nashville Business Journal


Developers scrap Streets of Brentwood...
Hill Realty and GBT Realty Corp. have dropped their plans to develop The Streets of Brentwood, a mixed-use project that called for office buildings, shops, a hotel and apartments on 17 acres at Franklin Road and Maryland Way...Read More
Greater Triad Area Business Journal  
Greensboro approved Lomax apartments...
The Greensboro Planning Board approved site plans for Lomax Properties’ planned $20 million, 200-unit apartment complex near the Friendly Center... Read More
Times Dispatch
Two new projects will serve VCU...
A corner on West Grace Street is about to be cleared to make way for two high-rises that will serve Virginia Commonwealth University.  A private developer will build a $22 million, 11-story, mostly residential project at Grace and Shafer streets apartments...Read More
Orlando Business Journal
Central Station project approved...
Orlando’s Municipal Planning Board gave preliminary approval Tuesday for the $200 million transit-oriented Central Station master plan in downtown Orlando...Read More
Times Free Press
Apartments on the rise in Chattanooga...
Out-of-town developers are planning major apartment complexes in East Brainerd that will add more than 500 units to Chattanooga's rental market...Read More
Tampa Business Journal
Tampa's latest apartment project...
Batson-Cook Development Co. will team with Novare Group to build the 320-unit Skyhouse apartment project in the Channel District...Read More
Triangle Business Journal
Apartments springing up in the Triangle...
Explosion is probably the most accurate term when it comes to the number of new apartment communities underway in the Triangle area...Read More

Upcoming Real Data Market Reports

Nashville-March 20th
Charleston-March 30th
Orlando-April 1st
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