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Vacancy rates tracked by Real Data over the last period ... ... Charlotte 6.3% ... Greensboro/WS 6.0% ... Norfolk/VaBeach 4.4% ... Raleigh/Durham 6.9% ... Richmond 4.5%

Rental rates tracked by Real Data over last period ... Charlotte $1,603 ... Greensboro/WS $1,235 ... Norfolk/VaBeach $1,442 ... Raleigh/Durham $1,634 ... Richmond $1,485



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What's Happening

  • The latest Norfolk and Columbia reports will be available on November 30th.

  • Commercial Regions
    Real Data tracks the multi-family apartment markets in the major metro markets of the Southeast. We are one of the few publishers of apartment statistics based on 100% market survey versus sample data. We track statistics on multi-family units in North Carolina, South Carolina and Virginia, which gives our subscribers the most extensive data set of comparable apartment statistics available. The market studies are published semi-annually on each market's vacancy, rental rates, development and absorption trends.

    Charlotte(3/2023) 6.3% $1,603 94(5) Find Apartments Research
    Greensboro/WS (4/2023) 6.0% $1,235 91(1) Find Apartments Research
    Norfolk-Va.Beach (5/2023) 4.4% $1,442 96(3) Find Apartments Research
    Durham (8/2023)
    6.9% $1,634 86(4) Find Apartments Research
    Richmond (6/2023) 4.5% $1,485 95(2) Find Apartments Research
    Market Rank : Real Data scores each market based on its occupancy, employment growth, development pipeline, demand and rent growth. A higher score is more favorable with scores typically ranging from 90-95. In parentheses is the markets rank based on its score among the cities tracked by Real Data. Note each market's score is as of its survey date and its actual market conditions may have changed since that time.

    Real Data is no longer tracking Asheville, Nashville or Wilmington. If you are interested in an older report from or before 2020 for any of these markets please contact us at (704)369-2345 to make arrangements.

    Updated September 17th, 2023


    The development pipeline currently includes more that 5,400 units either under construction or proposed.

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    North Carolina Report


    Rent growth remains healthy with the average rental rate at $1,603 per month.

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    Virginia Report

    Norfolk/Virginia Beach/Newport News
    The average vacancy rate remains low at just 4.4%.

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