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Vacancy rates tracked by Real Data (improved) or (worsened) over the last period ... Asheville 12.8% ... Charleston 11.2% ... Charlotte 12.8% ... Chattanooga 7.7% ... Columbia 11.5% ... Gainesville 13.0% ... Greensboro/WS 13.9% ... Greenville/SPG 11.8% ... Jacksonville 13.1% ... Myrtle Beach 14.7% ... Norfolk/VaBeach 6.9% ... Orlando 10.5% ... Raleigh/Durham 9.9% ... Richmond 9.9% ... Roanoke 6.9% ... Savannah 13.7% ... Tallahassee 11.2% ... Tampa Bay 9.7% ... Wilmington 12.1%

Rental rates tracked by Real Data (rising ) or (declining) in last period ... Asheville $753 ... Charleston $751 ... Charlotte $697 ... Chattanooga $659 ... Columbia $761 ... Gainesville $977 ... Greensboro/WS $629 ... Greenville/SPG $617 ... Jacksonville $736 ... Myrtle Beach $645 ... Norfolk/VaBeach $882 ... Orlando $823 ... Raleigh/Durham $751 ... Richmond $788 ... Roanoke $668 ... Savannah $786 ... Tallahassee $903 ... Tampa Bay $808 ... Wilmington $669
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    Asheville, NC

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    Apartment Community (Submarket)

    GRIFFIN (CENTRAL-)
    GROVE ARCADE (CENTRAL-)
    KENILWORTH INN (CENTRAL-)
    WOODBERRY (CENTRAL-)
    EASTWOOD VILLAGE (EAST-)
    HAW CREEK MEWS (EAST-)
    PARKWAY CROSSING (EAST-)
    RIVER RIDGE (EAST-)
    NORTHPOINT COMMONS I & II (NORTH-)
    WILLOW RIDGE (NORTH-)
    ASCOT POINT VILLAGE (SOUTH-)
    AUDUBON PLACE (SOUTH-)
    BILTMORE PARK TOWN SQUARE (SOUTH-)
    CRANBROOK AT BILTMORE PARK (SOUTH-)
    FOREST AT BILTMORE PARK (SOUTH-)
    KENSINGTON PLACE (SOUTH-)
    PARK RESIDENCES (SOUTH-)
    PARK SOUTH (SOUTH-)
    RESIDENCES AT CHADWICK SQUARE (SOUTH-)
    RIVER GLENN (SOUTH-)
    SKYLAND HEIGHTS (SOUTH-)
    SOUTH RIDGE (SOUTH-)
    TURTLE CREEK (SOUTH-)
    BEAR CREEK (WEST-)
    MEADOWS (WEST-)
    VILLAGE CREEK (WEST-)
    WESTMONT COMMONS (WEST-)

     

    Updated December 23, 2009


    Chattanooga, - The area experienced its strongest demand in over three years which helped push occupancy rates higher.


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    Raleigh-Durham

    Strong demand over the last six months produced modest gains in occupancies, however rental rates continue to decline.

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    Myrtle Beach

    Declining rents helped entice potential renters and spurred demand for apartments, however, vacancy rates remain very high at 15%.

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    Jacksonville

    With virtually no new development on the horizon, occupancy rates should continue to improve.


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    Richmond

    Developers remain very active in the areas around Fort Lee military base in anticipation of its expansion.

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