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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(12/2016) |
4.9% |
$1,067 |
102 (1) |
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| Charleston(9/2017) |
8.9% |
$1,159 |
87 (15) |
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| Charlotte(9/2017) |
5.8% |
$1,1115 |
95(10)
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| Columbia(5/2017) |
8.3% |
$987 |
91 (12)
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| Greensboro/WS (10/2017) |
5.2% |
$832 |
96(8) |
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| Greenville/SPG
(6/2017) |
8.1% |
$933 |
90(14)
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| Jacksonville(7/2017)
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4.4% |
$986 |
97(5)
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| Nashville
(8/2017) |
6.6% |
$1,181 |
91(12)
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| Norfolk-Va.Beach
(5/2017) |
5.5% |
$1,032 |
95(9)
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| Orlando
(9/2017) |
3.5% |
$1,202 |
98(4)
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Raleigh/
Durham (8/2017) |
5.4% |
$1,101 |
96(7)
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| Richmond
(7/2017) |
5.4% |
$1,027 |
93(11)
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| Savannah
(8/2017) |
4.1% |
$1,018 |
96 (6)
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| Tampa
Bay (5/2017) |
5.1% |
$1,130 |
98(3)
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| Wilmington(6/2017)
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7.0% |
$1,023 |
99(2)
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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
October 20, 2017
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Greensboro/Winston Salem
The Greensboro/ Winston Salem apartment market saw strong rent growth over the past six months bringing the average rental rate up to $832 per month.
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Charlotte
Strong demand for new units keeps Charlotte's vacancy rate at a low 5.8% despite new construction.
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Charleston
Demand for apartments rebounded in Charleston since the spring, however, new supply kept the vacancy rate at 8.9%.
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Orlando
Strong demand has kept the Orlando vacncy rate below 4% for the past eighteen months.
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Richmond
The average monthly rent has surpassed the $1,000 mark for the first time at $1,027 per month.
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