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Vacancy rates tracked by Real Data over the last period ... ... Charlotte 6.8% ... Greensboro/WS 5.4% ... Norfolk/VaBeach 4.4% ... Raleigh/Durham 7.6% ... Richmond 5.6%

Rental rates tracked by Real Data over last period ... Charlotte $1,644 ... Greensboro/WS $1,307 ... Norfolk/VaBeach $1,543 ... Raleigh/Durham $1,601 ... Richmond $1,562
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What's Happening



  • The latest Charlotte report will be available on March 20th.





  • 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 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(9/2024) 6.8% $1,644 84(8) Find Apartments Research
    Greensboro/WS (10/2024) 5.4% $1,307 90(5) Find Apartments Research
    Norfolk-Va.Beach (11/2024) 4.4% $1,543 94(2) Find Apartments Research
    Raleigh/
    Durham (2/2025)
    7.6% $1,601 86(6) Find Apartments Research
    Richmond (12/2024) 5.6% $1,562 92(4) 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 80-95. 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, 2025

    Raleigh/Durham/Chapel Hill

    The average vacancy rate is now 7.6%.



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    North Carolina Report

    Charlotte

    The development pipeline includes more than 32,000 units currently under construction.

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    Virginia Report

    Richmond
    The average rental rate has increased to $1,562 per month.

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