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Vacancy rates tracked by Real Data over the last period ... ... Charlotte 6.3% ... Greensboro/WS 6.0% ... Norfolk/VaBeach 4.4% ... Raleigh/Durham 6.9% ... Richmond 4.5%

Rental rates tracked by Real Data over last period ... Charlotte $1,603 ... Greensboro/WS $1,235 ... Norfolk/VaBeach $1,442 ... Raleigh/Durham $1,634 ... Richmond $1,485
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What's Happening



  • The latest Charlotte report will be available on March 11th.





  • Commercial Regions
    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 multi-family units in North Carolina, South Carolina and Virginia, 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.



    Charlotte(3/2023) 6.3% $1,603 94(5) Find Apartments Research
    Greensboro/WS (4/2023) 6.0% $1,235 91(1) Find Apartments Research
    Norfolk-Va.Beach (5/2023) 4.4% $1,442 96(3) Find Apartments Research
    Raleigh/
    Durham (2/2024)
    8.4% $1,604 86(4) Find Apartments Research
    Richmond (6/2023) 4.5% $1,485 95(2) 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 February 5th, 2024

    Raleigh

    The development pipeline currently includes more than 26,000 units either under construction or proposed.



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    North Carolina Report

    Charlotte

    Rent growth remains healthy with the average rental rate at $1,603 per month.

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    Virginia Report

    Norfolk/Virginia Beach/Newport News
    The average vacancy rate remains low at just 4.4%.

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