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Vacancy rates tracked by Real Data (improved) or (weakened) over the last period ... Asheville 6.5% ... Charleston 6.3% ... Charlotte 7.2% ... Chattanooga 6.5% ... Columbia 9.5% ... Gainesville 7.9% ... Greensboro/WS 8.3% ... Greenville/SPG 8.2% ... Jacksonville 10.3% ... Myrtle Beach 12.7% ... Norfolk/VaBeach 6.4% ... Orlando 6.5% ... Raleigh/Durham 6.6% ... Richmond 7.1% ... Roanoke 6.1% ... Savannah 5.9% ... Tallahassee 8.1% ... Tampa Bay 7.4% ... Wilmington 5.7%

Rental rates tracked by Real Data (rising ) or (declining) in last period ... Asheville $806 ... Charleston $807 ... Charlotte $780 ... Chattanooga $702 ... Columbia $774 ... Gainesville $917 ... Greensboro/WS $688 ... Greenville/SPG $684 ... Jacksonville $765 ... Myrtle Beach $668 ... Norfolk/VaBeach $926 ... Orlando $877 ... Raleigh/Durham $834 ... Richmond $862 ... Roanoke $693 ... Savannah $817 ... Tallahassee $955 ... Tampa Bay $837 ... Wilmington $716
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    Roanoke, VA

    Roanoke Map

    Apartment Community (Submarket)

    GLADE CREEK (-EAST)
    HICKORY WOODS I & II (-EAST)
    LAWSON BUILDING EAST (-EAST)
    ORCHARDS (-EAST)
    TOTERA RIDGE (-EAST)
    BENT CREEK (-NORTH)
    BOWERS HOLIDAY VILLAGE (-NORTH)
    BROOKSIDE NORTH (-NORTH)
    CAMELOT VILLAGE (-NORTH)
    COTTON MILL (-NORTH)
    COUNTRYSIDE ESTATES (-NORTH)
    CREST AT LONGWOOD (-NORTH)
    DALEVILLE TOWN CENTER (-NORTH)
    FERNCLIFF NORTH (-NORTH)
    HANCOCK (-NORTH)
    NORTHVIEW (-NORTH)
    OAK PARK (-NORTH)
    PARK TOWNE (-NORTH)
    SALEM WOOD (-NORTH)
    STERLINGWOOD (-NORTH)
    VALLEY VIEW GARDENS (-NORTH)
    WESTWIND (-NORTH)
    BENT TREE (-SOUTH)
    BRANDON WEST (-SOUTH)
    BUCK RUN (-SOUTH)
    CEDAR POINT (-SOUTH)
    CHATEAU RIVIERA (-SOUTH)
    COLONIAL YORKTOWN (-SOUTH)
    HONEYWOOD (-SOUTH)
    PEBBLE CREEK (-SOUTH)
    PINES (-SOUTH)
    STONE BROOK (-SOUTH)
    STRATFORD PARK (-SOUTH)
    SUMMIT AT ROANOKE (-SOUTH)
    VILLAGE AT GARST CREEK (OLD MEWS) (-SOUTH)
    VILLAGE AT GARST CREEK (SANS SOUCI) (-SOUTH)


    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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