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Vacancy rates tracked by Real Data (improved) or (weakened) over the last period ... Asheville 7.1% ... Charleston 9.7% ... Charlotte 5.7% ... Columbia 8.2% ... Greensboro/WS 6.0% ... Greenville/SPG 8.6% ... Jacksonville 3.5% ... Nashville 7.6% ... Norfolk/VaBeach 4.2% ... Orlando 3.5% ... Raleigh/Durham 6.4% ... Richmond 6.0% ... Savannah 6.4% ... Tampa Bay 4.8% ... Wilmington 7.5%

Rental rates tracked by Real Data (rising ) or (declining) in last period ... Asheville $1,192 ... Charleston $1,315 ... Charlotte $1,229 ... Columbia $1,096 ... Greensboro/WS $937 ... Greenville/SPG $1,064 ... Jacksonville $1,100/font> ... Nashville $1,337 ... Norfolk/VaBeach $1,1127 ... Orlando $1,335/font> ... Raleigh/Durham $1,223 ... Richmond $1,160 ... Savannah $1,161 ... Tampa Bay $1,275 ... Wilmington $1,166
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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, Virginia, 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.



    Asheville(12/2019) 7.1% $1,192 92(2) Find Apartments Research
    Charleston(3/2020) 9.7% $1,315 86(5) Find Apartments Research
    Charlotte(9/2020) 5.7% $1,229 85(7) Find Apartments Research
    Columbia(5/2020) 8.2% $1,096 92(1) Find Apartments Research
    Greensboro/WS (4/2020) 6.0% $937 91(3) Find Apartments Research
    Greenville/SPG (6/2020) 8.6% $1,064 80(11) Find Apartments Research
    Jacksonville(7/2019) 3.5% $1,100 (N/A) Find Apartments Research
    Nashville (8/2020) 7.6% $1,337 82(9) Find Apartments Research
    Norfolk-Va.Beach (5/2020) 4.2% $1,127 91(4) Find Apartments Research
    Orlando (9/2019) 3.5% $1,335 (N/A) Find Apartments Research
    Raleigh/
    Durham (8/2020)
    6.4% $1,223 84(9) Find Apartments Research
    Richmond (7/2020) 6.0% $1,160 85(8) Find Apartments Research
    Savannah (8/2019) 6.4% $1,161 (N/A) Find Apartments Research
    TampaBay (11/2019) 4.8% $1,275 (N/A) Find Apartments Research
    Wilmington(6/2020) 7.5% $1,166 86(6) 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.


    Updated September 11, 2020

    Charlotte

    Occupancy rates have held steady through the pandemic and are now 94.3%. Development remains brisk with nearly 14,000 units under construction



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    North Carolina Report

    Raleigh-Durham

    Rental rate growth has flattened as vacancy rates have risen. Development remains brisk with over 14,000 units in the pipeline

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    South Carolina Report

    Greenville/SPG


    Vacancy rates have risen to 8.6% with rent growth slowing. Developers are active throughout the Upper State area with the most activity in the South and East submarket

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    Tennessee Report

    Nashville

    Although vacancy rates are on the rise, Nashville remains one of the most active development markets with nearly 31,000 units u/c or planned.

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    Virginia Report

    Richmond

    Vacancy rates have been on the rise as supply growth reaches historical highs with most development concentrated in the city core.

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