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