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Norfolk
Norfolk posted its strongest demand ever, helping the vacancy rate improve to 6% and spurring rent growth.
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Greensboro/WS
Demand continues to be strong in the Greensboro-Winston Salem market with nearly 3,000 units absorbed in the past two years leading to a vacancy of 8.3%, which is historically low for this market.
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Columbia
The Columbia apartment market continues to post strong rent growth with annualized gains at 4.8% for the year. Strong demand for apartments is driving this trend.
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Tampa
The Tampa apartment market continues to post strong demand which allowed the vacancy rate to reach its lowest rate in seven years at 5.9%. Favorable conditions are also spurring rent growth.
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Richmond
Demand has kept pace with the growing new supply. Development activity remains concentrated in the central core of the city where more than half of all development activity is occurring.
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