Real Data
Apartment Market Update
April 22, 2013

Apartment Market Updates
Demand Strong Through First Quarter

Demand in the Southeast apartment market continued at a strong pace through the first quarter with Asheville, Myrtle Beach and Savannah  posting the highest gains.  As a result, construction has revved up in most markets to meet demand.

Greensboro-Winston Salem 
Real Data

Strong demand pushes Triad vacancy rate down...
Demand continues to be strong in the Greensboro-Winston Salem market with nearly 3,000 units absorbed in the past two years leading to a vacancy of 8.3%, which is historically low for this market...Read More.
Real Data 
Orlando apartment starts at a nine year high...
Orlando is in the midst of a construction boom. New construction starts are at a nine year high with the downtown and Windermere areas leading the way. The region continues to post healthy demand allowing the vacancy rate to improve to 5.6% as of March... Read More.

Real Data

Vacancy rates rise in the Charleston area...
The Charleston market experienced a lull this winter with demand suffering a seasonal downturn leading the vacancy rate to increase to 8.3%. Development is at an all-time high, which will likely keep vacancy rates from recovering well into 2014...Read More.
Regional News Updates
Apartment vacancy rate falls to lowest level since 2001...
The U.S. apartment vacancy rate fell to its lowest level in more than a decade, but persistent stagnant income growth for U.S. workers has tempered the ability of landlords to raise rents... Read More

The Florida Times Union


Jacksonville apartments are a hot investments...
Some of Jacksonville’s apartment complexes have changed hands in the past two months for big dollars: $23 million, $35.5 million, $56 million.   Multi-family projects are one the hottest investments going right now, with large firms, pension funds and others buying complexes...Read More
The Tennessean
Nashville rents expected to rise...
The region’s apartment rents will continue escalating even as supply soon outstrips demand because of a construction boom, says Real Data... Read More
Post and Courier
Charleston apartments to be demolished...
The towering Sergeant Jasper apartment building next to Colonial Lake downtown could be demolished as soon as 2015...Read More
Greater Triad Area Business Journal
New Student Community for Greensboro...
Student housing developer Campus Crest has purchased the historic J.C. Price School property and an adjacent parcel from Greensboro College for $3.75 million...Read More
Charlotte Business Journal
Crescent Resources plans more apartments in Charlotte...
Crescent Resources is planning an apartment project with approximately 300 units in midtown Charlotte...Read More
Orlando Business Journal
Sunrail spurs more apartments in Orlando...
A new $38 million transit-oriented apartment complex now is coming out of the ground near the Florida Hospital SunRail station...Read More
Tallahassee Democrat
Tallahassee apartments start construction...
Members of the Tallahassee community gathered on April 8 for the groundbreaking of a new apartment complex for Tallahassee students called The Forum...Read More

Upcoming Real Data Market Reports

Greensboro/Winston Salem-April 20th
Gainesville-April 25th
Columbia-May 15th
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