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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 900,000
multi-family units in North Carolina, South Carolina, Florida, Virginia, Georgia
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(12/2011) |
6.5% |
$806 |
90
(16) |
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| Charleston(9/2011) |
6.3% |
$807 |
96 (5) |
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| Charlotte(9/2011) |
7.2% |
$780 |
97 (3)
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| Chattanooga(2/2011) |
6.5% |
$702 |
98 (2)
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| Columbia(11/2011) |
9.5% |
$774 |
86 (19)
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| Gainesville(4/2011) |
7.9% |
$917 |
90 (15)
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| Greensboro/WS
(10/2011) |
8.3% |
$688 |
93 (10)
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| Greenville/SPG
(12/2011) |
8.2% |
$684 |
94(6)
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| Jacksonville(1/2012)
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11.2% |
$769 |
88 (17)
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| Myrtle
Beach (2/2011) |
12.7% |
$665 |
96 (4)
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| Norfolk-Va.Beach
(11/2011) |
6.4% |
$926 |
91 (14)
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| Orlando
(10/2011) |
6.5% |
$877 |
93 (8)
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Raleigh/
Durham (2/2012) |
6.6% |
$834 |
94 (7)
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| Richmond
(2/2012) |
7.1% |
$862 |
93 (11)
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| Roanoke
(8/2011) |
6.1% |
$693 |
93 (9)
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| Savannah
(8/2011) |
5.9% |
$817 |
100
(1) |
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| Tallahassee
(10/2011) |
8.1% |
$955 |
87 (17)
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| Tampa
Bay (12/2011) |
7.4% |
$837 |
93(12)
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| Wilmington(6/2011)
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5.7% |
$716 |
92 (13)
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| Market
Rank : Real Data scores each market based on its occupancy, employment
growth, development pipeline 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 in parentheses and its actual market
conditions may have changed since that time. |
Updated
February 1, 2012
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Richmond
Although occupancy rates fell slightly in the past few months, we forecast occupancies and rents to improve through 2012. Developers remain very active in the downtown area of Richmond along both sides of the James River.
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Raleigh-Durham
Developemtnactivity has picked up significantly in the past six months with nearly 2,300 new starts. Demand remains healthy and occupancy rates should continue to improve in 2012.
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Greenville-Spartanburg
Although demand weakened over the past six months, there is minimal development underway which should allow for improving occupancies through 2012.
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Jacksonville
Weak demand pushed vacancy rates higher. There remain a number of communities in foreclosure/distress which is having a negative impact on the area's overall condition. Excluding these communities, there a several submarkets with vacancy rates below 6.5% including the Downtown, Beaches and Baymeadows areas.
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Norfolk-Va.Beach
Occupancies continue to hover in the 94% range. Developers began construction on nearly 1,500 new units in the last six months.
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