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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.
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| Asheville(12/2019) |
7.1% |
$1,192 |
92(14) |
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| Charleston(9/2019) |
8.8% |
$1,276 |
94(11) |
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| Charlotte(9/2019) |
5.5% |
$1,238 |
96(5)
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| Columbia(11/2019) |
6.9% |
$1,076 |
95(9)
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| Greensboro/WS
(10/2019) |
4.3% |
$921 |
97(3) |
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| Greenville/SPG
(12/2019) |
6.8% |
$1,033 |
91(15)
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| Jacksonville(7/2019)
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3.5% |
$1,100 |
95(8)
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| Nashville
(8/2019) |
5.3% |
$1,312 |
97(3)
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| Norfolk-Va.Beach
(11/2019) |
4.2% |
$1,106 |
93(12)
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| Orlando
(9/2019) |
3.5% |
$1,335 |
98(2)
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Raleigh/
Durham (8/2019) |
4.9% |
$1,210 |
96(7)
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| Richmond
(1/2020) |
4.8% |
$1,136 |
94(10)
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| Savannah
(8/2019) |
6.4% |
$1,161 |
92(13)
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| TampaBay
(11/2019) |
4.8% |
$1,275 |
96(6)
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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
January 16, 2020
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Richmond
Supply growth is on the rise which will likley push vacancy rates higher in the coming year.
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| North Carolina Report |
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Asheville
The development pipeline is at record levels for Asheville.
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| South Carolina Report |
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Greenville-Spartanburg
Demand for the Greenville area apartments weakened over the past six months pusing occupancy rates down to 93.2%.
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| Tennessee Report |
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Nashville
Nashville remains one of the most active markets for development with nearly 25,000 units u/c or planned.
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| Virginia Report |
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Norfolk/Va.Beach
There are nealry 2,000 units under construction and another 1,500 proposed.
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