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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 over 1,000,000
multi-family units in North Carolina, South Carolina, Florida, Virginia, Georgia
and Tennessee, 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.
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| Asheville(12/2018) |
8.2% |
$1,177 |
96 (6) |
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| Charleston(9/2019) |
8.8% |
$1,276 |
89 (15) |
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| Charlotte(9/2019) |
5.5% |
$1,238 |
96(7)
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| Columbia(5/2019) |
8.9% |
$1,077 |
91(14)
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| Greensboro/WS (4/2019) |
3.7% |
$898 |
99(2) |
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| Greenville/SPG
(6/2019) |
5.4% |
$1,020 |
95(12)
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| Jacksonville(7/2019)
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3.5% |
$1,100 |
98(3) |
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| Nashville
(8/2019) |
5.3% |
$1,312 |
97(4)
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| Norfolk-Va.Beach
(5/2019) |
3.5% |
$1,091 |
96(9)
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| Orlando
(9/2019) |
3.5% |
$1,335 |
98(4)
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Raleigh/
Durham (8/2019) |
4.9% |
$1,210 |
96(10)
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| Richmond
(7/2019) |
3.9% |
$1,146 |
95(11)
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| Savannah
(8/2018) |
6.2% |
$1,102 |
92(13)
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| Tampa
Bay (5/2019) |
4.0% |
$1,254 |
96(8)
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| Wilmington(6/2019)
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5.5% |
$1,153 |
101(1)
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| 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.
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Updated
September 28, 2019
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Charleston
Developers continue to target Charleston with 23 communities currently under construction.
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Charlotte
Developers continue to target the Charlotte metro with more than 12,500 units under construction.
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Greenville/Spartanburg
The average rent in Greenville/Spartanburg surpassed the $1,000 mark for the first time at $1,020 per month.
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Orlando
The Orlando market has reported an occupancy rates above 96% for the past four years.
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Richmond
The Richomnd area vacancy rate hit a twenty year low at 3.9%.
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