Real Data’s April 2017 report shows that rents increased by 1% over the previous six months, which brought the one-year growth to 3.5% overall. Vacancy rates rose from 5.6% to 6% over the prior six months, but that still left the vacancy rate significantly lower than the 7.5% the area experience in April 2016.
Real Data expects the vacancy rate to remain around 6% over the next year and rent growth to remain strong.
In terms of new development, they report 2,768 units under construction (1,799 in Guilford County) and another 2,079 proposed.
To access the full report, including individual property data, visit aptindex.com