| Apartment Market Updates |
|
Development activity for most areas has slowed to a trickle and should help these cities to begin to see stabilizing to improving fundamentals in the coming year. Charleston, Columbia and Jacksonville currently have the most promising demand to supply growth ratio. A few markets, including Asheville, Charlotte and Savannah continue to see a robust development pipeline that will delay their recovery.
|
Greenville-Spartanburg
Real Data
12-20-2009
|
Developers give the Upstate a rest...
Steady growth in supply over the past few years has put downward pressure on occupancy rates, but development has begun to slow with no new starts recorded over the past six months... Read More |
|
Real Data
12-20-2009 |
Development pipeline pushing vacancies higher...
The average vacancy rate for apartments in the Asheville area has climbed to 12.8%. New development over the last year increased the area’s apartment supply by close to 10%... Read More |
|
Tampa Bay
Real Data
12-01-2009 |
Demand and occupancies are up...
Tampa Bay is showing signs of improvement with strong demand and limited new supply. However rental rates continue to decline... Read More |
| Regional News Updates |
|
12-24-2009 |
US commercial property values at lowest in seven years
Commercial property values in the US declined in October to the lowest level in more than seven years as unemployment reduced demand for apartments, offices and retail space.... Read More |
|
12-29-2009 |
Home prices rise in 20 US cities rose for fifth month
Home prices in 20 U.S. cities rose in October for a fifth consecutive month, putting the housing market and economy farther along the path to recovery... Read More |
|
Raleigh
Triangle Business Journal
12-17-2009
|
Credit Suisse to add 350 more RTP jobs
Investment banking firm Credit Suisse will be expanding its operations in Research Triangle Park starting in January with plans to add about 300 workers in the first six months of 2010... Read More |
|
12-23-2009
|
Norfolk OK's $2.85M break for downtown tower
With no debate, the City Council on Tuesday unanimously approved a $2.85 million tax break that developers say will allow them to complete the Wells Fargo Center. The city granted the tax break to S. L. Nusbaum Realty to add 122 luxury apartments
|
Raleigh
Triangle Business Journal
12-17-2009
|
RTP lands IEM's HQ and 430 jobs
IEM, a Louisiana-based company that advises federal agencies on how to manage threats to public safety and property, will move its headquarters from Baton Rouge to Research Triangle Park and create 430 jobs over the next six years.... Read More |
|
Orlando Business Journal
12-29-2009
|
Riverfront apartments sold for $10.3M
A former low-income housing tax credit apartment complex near the University of Central Florida in Orlando sold for $10.3 million, or $28,874 per unit. Tallahassee-based FHFC II Inc. sold the 356-unit Riverfront Apartments... Read More |
Charleston
WCIV Channel 4
12-31-2009 |
Property managers sweeten deal to move in
This is how it used to work, walk in the door and point out the bedrooms, the bathrooms and all the amenities the apartment is offering. But nowadays, the business of renting is undergoing an overhaul... Read More |
|
Jacksonville Business Journal
01-06-2010 |
Advanced jet fighter could be stationed at JIA
Jacksonville came on step closer to becoming the home of the military’s newest fighter plane after the U.S Air Force filed an intent to study the environmental impact of making the First Coast the planes’ base... Read More |
Charlotte
Charlotte Business Journal
01-06-2010 |
County approves $32M for First Ward development
Mecklenburg County commissioners have unanimously approved up to $32 million in funding for a mixed-use development in First Ward. The decision means developer Daniel Levine could be on his way to a sweeping overhaul of the area... Read More |
|
News & Record
12-18-2009 |
Guilford County economy starts to recover
After a prolonged, devastating recession, an economic recovery has begun to take shape in Guilford County.That’s the word from The Brookings Institution, a Washington think tank.... Read More |
