Real Data: Piedmont Triad Seeing Lower Vacancy, Rent Growth

Real Data’s latest report shows that things are pretty good in the Piedmont Triad apartment market. Here are the major numbers compared to the same point last year:

Average Rent per Square Foot: $0.752, up 2.3% from $0.735 in 2012

Vacancy: 7.3%, down from 8.7% in 2012

Units Under Construction: 1,105, up 6.25% from 1,040 in 2012

Units Proposed: 3,458, up 36% from 2,539 in 2012

You can order a full report here.