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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(12/2017) |
6.1% |
$1,125 |
88 (13) |
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| Charleston(9/2018) |
10.1% |
$1,242 |
81 (15) |
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| Charlotte(9/2018) |
6.0% |
$1,175 |
97(4)
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| Columbia(5/2018) |
8.6% |
$1,015 |
85(14)
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| Greensboro/WS (4/2018) |
5.5% |
$842 |
95(8) |
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| Greenville/SPG
(6/2018) |
7.4% |
$971 |
93(10)
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| Jacksonville(7/2018)
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3.6% |
$1,060 |
99(2)
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| Nashville
(8/2018) |
5.9% |
$1,242 |
98(3)
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| Norfolk-Va.Beach
(5/2018) |
4.6% |
$1,064 |
95(9)
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| Orlando
(9/2018) |
3.4% |
$1,300 |
102(1)
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Raleigh/
Durham (8/2018) |
5.6% |
$1,153 |
96(6)
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| Richmond
(7/2018) |
4.6% |
$1,089 |
92(12)
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| Savannah
(8/2018) |
6.2% |
$1,102 |
92(11)
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| Tampa
Bay (5/2018) |
4.0% |
$1,179 |
96(5)
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| Wilmington(6/2018)
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7.0% |
$1,076 |
96(7)
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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 29, 2018
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Charleston
Demand kept pace with the new supply over the past six months allowing the vacancy rate to improve.
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Charlotte
Charlotte saw record high demand for apartments over the past six months with more than 6,000 units absorbed into the market.
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Greenville/Spartanburg
The vacancy rate in Greenville/ Spartanburg improved to 7.4%.
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Orlando
The overall Orlando occupancy rate has remained above 96% for more than two years.
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Richmond
The Richmond market posted strong rent growth over the past six months bringing the average rent up to $1,089 per month.
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