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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
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.
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| Charlotte(3/2024) |
6.3% |
$1,603 |
82(8)
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| Greensboro/WS
(10/2023) |
6.0% |
$1,235 |
90(4) |
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| Norfolk-Va.Beach
(11/2023) |
4.4% |
$1,442 |
89(5)
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Raleigh/
Durham (2/2024) |
8.4% |
$1,604 |
89(6)
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| Richmond
(12/2023) |
4.5% |
$1,485 |
93(2)
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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 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.
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Updated
April 3rd, 2024
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Raleigh
The development pipeline currently includes more than 26,000 units either under construction or proposed.
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| North Carolina Report |
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Charlotte
Rent growth remains healthy with the average rental rate at $1,603 per month.
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| Virginia Report |
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Norfolk/Virginia Beach/Newport News
The average vacancy rate remains low at just 4.4%.
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