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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(12) |
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| Charleston(3/2020) |
9.7% |
$1,315 |
86(15) |
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| Charlotte(3/2020) |
6.2% |
$1,243 |
94(8)
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| Columbia(11/2019) |
6.9% |
$1,076 |
95(6)
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| Greensboro/WS
(10/2019) |
6.0% |
$937 |
91(13) |
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| Greenville/SPG
(12/2019) |
6.8% |
$1,033 |
91(14)
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| Jacksonville(7/2019)
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3.5% |
$1,100 |
95(5)
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| Nashville
(2/2020) |
6.2% |
$1,330 |
93(9)
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| Norfolk-Va.Beach
(11/2019) |
4.2% |
$1,106 |
93(9)
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| Orlando
(9/2019) |
3.5% |
$1,335 |
98(2)
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Raleigh/
Durham (2/2020) |
5.5% |
$1,222 |
97(3)
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| Richmond
(1/2020) |
4.8% |
$1,136 |
94(7)
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| Savannah
(8/2019) |
6.4% |
$1,161 |
92(11)
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| TampaBay
(11/2019) |
4.8% |
$1,275 |
96(4)
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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
April 20, 2020
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Greensboro/WinstonSalem
The Triad saw a slowing in demand and rent growth over the past six months but the market remained healthy going into the pandemic shut down.
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| North Carolina Report |
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Charlotte
Although development activity remains at heightened levels, the number of starts, units u/c and proposed has steadily declined over the past two years.
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| South Carolina Report |
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Greenville-Spartanburg
Demand for upstate area apartments weakened over the past six months pushing occupancy rates down to 93.2%.
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| Tennessee Report |
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Nashville
Although demand and rent-growth slowed, Nashville remains one of the most active development markets with nearly 27,000 units u/c or planned.
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| Virginia Report |
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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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