Real Data
Apartment Market Update
June 28, 2013

Apartment Market Updates
Strong Demand Spurs Rent Growth 

Strong demand and an influx of new units has spurred rent growth in cities throughout the Southeast.  Columbia, Greenville-Spartanburg and Charlotte have all reported rent growth above 4% and healthy rent growth continues in most markets.   

Real Data

Wilmington development pipeline at ten year high...
The Wilmington development pipeline is at a ten year high with more than 600 new units coming online in the past year.  Demand for new units was strong, however, new supply pushed the vacancy rate up to 8.3%...Read More.
Real Data 
Rents rising in Greenville-Spartanburg...
The Greenville Spartanburg apartment market continues to post strong rent  growth.  Demand is driving rent growth...Read More

Tampa Bay
Real Data

Tampa Bay occupancy at seven year high...
The Tampa Bay market continues to post strong demand allowing the vacancy rate to reach its lowest rate in seven years at 5.9%.  Favorable conditions have also spurred rent growth...Read More.
Regional News Updates
Wells Fargo
May Housing Chartbook...
Wells Fargo has consistently maintained a cautious view on the housing recovery, even as home prices have raced upward. Our caution stems from our focus on the underlying fundamentals for housing demand... Read More
 Multifamily Executive
How much student housing is too much...
Student housing’s strong fundamentals have inspired a wave of new supply that continues the modernization, and growing sophistication, of both on- and off-campus housing...Read More
The News and Observer
Downtown Raleigh's redevelopment spreads east...
The ongoing revitalization of downtown Raleigh has reignited a long-dormant apartment project near Moore Square...Read More
Orlando Business Journal
Details on Orlando's Central Station...
Rida Development Corp., signed an agreement with Crescent Communities to develop the first phase of Crescent Central Station, adjacent to downtown’s major transit hub on the corner of Orange Avenue and Livingston Street...Read More
Charlotte Business Journal
New apartment project in Charlotte's Plaza-Midwood...
Faison Enterprises Inc. and Sereo Group Inc. are planning a 200-unit apartment building on Central Avenue...Read More 
Property Management Insider
Balancing occupancy and rents in Tampa...
Most apartment markets have seen occupancy recover fully from the recession, however, there still are a few spots where occupancy needs to get a little better, and Tampa definitely is one of those locales...Read More
Nashville Business Journal 
Brook's Edge under construction in Cleveland, TN...
Shumate Development is building an apartment complex off Adkisson Drive in Cleveland, TN.  Brook's Edge is being built in phases and will have 400 units...Read More
Greenville News
Renovated Greenville apartments filling up fast...
The first buildings in The Bristol a renovated and re-branded apartment community on Cleveland Street are all but full... Read More

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