Real Data
Apartment Market Update
August 7, 2013

Apartment Market Updates
Development boon continues throughout Southeast 

A construction windfall is underway in the Southeast apartment market with Raleigh, Charleston, Charlotte and Nashville leading the charge each with supply growth forecast above 4%.  This influx of new units is expected to cause a dip in occupancy rates in 2014 until  new units can be absorbed into the market.  

Real Data

New construction has exploded in Raleigh...
Development in Raleigh-Durham is at an all time high with over 10,000 units currently under construction and developers planning an additional 6,500 units  for the region...Read More.
Real Data 
Strong demand in Richmond...
Strong demand continues in Richmond keeping the vacancy rate at a low 6.6% and encouraging rent growth...Read More

Real Data

Rising rents in Jacksonville...
The Jacksonville vacancy rate has reached its lowest level in seven years at 8.1%.   The area also recorded 3.1% annualized rent growth in the past year due to improving market conditions...Read More.
Regional News Updates
Multi-Housing News
Jefferson and JAG Develop Luxury Apartments in Tampa...
Jefferson Apartment Group and JAG Management Company have opened its latest development, Jefferson Westshore, 246 luxury apartments in Tampa, Fla... Read More
 Charlotte Business Journal
Converting Vyne and Bloc condos to apartments...
759 Ventures has begun construction of the second phase of Vyne on Central, a former condominium project that it converted to apartments after purchasing the Charlotte property last year...Read More
Multi-Housing News
More apartments planned for Raleigh-Durham...
$40.1 million, Class A, 322-unit garden-style apartment community is on the drawing boards for Durham, N.C...Read More
Orlando Business Journal
Work to start on Winter Park Village this summer...
Plans for the new apartments at Winter Park Village are starting to come together, and construction could start in the next couple of months...Read More
Nashville Business Journal
Crescent Resources gets partner on Cool Springs apartment project...
CNL Growth Properties has teamed up with Crescent Resources to develop a previously announced 252-unit, $40 million apartment project in Franklin....Read More 
Richmond Times Dispatch
Site work begins on Richmond's Libbie Mill development...
Heavy-equipment site work on an empty parcel in the 2300 block of Staples Mill Road in Henrico County is a beginning step in what promises to be a 10-year, $434 million project...Read More
Jacksonville Business Journal 
Cortland Partners buys Jacksonville apartment complex...
Cortland Partners is continuing its buying spree of apartment complexes in Jacksonville,this time snapping up the 271-unit Reserve at Deerwood...Read More
Greenville News
Greenville apartment demand expected to remain strong...
Demand for apartments in the Upstate is expected to remain strong, even as home sales continue to improve... Read More

Upcoming Real Data Market Reports

Savannah - August 15th
Roanoke- August 25st
Charlotte- August 10th
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