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VACANCY
Apartment
The average Vacancy Rate was 5.0% in the Charlotte metro
- Vacancy in the Charlotte metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 4.8% in the Charlotte metro.
Distribution / Warehousing
The average Vacancy Rate was 3.1% in the Charlotte metro
- Vacancy in the Charlotte metro has been in decline for ten consecutive quarters.
- The Charlotte metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 2.9% in the Charlotte metro.
Flex / R&D
The average Vacancy Rate was 10.3% in the Charlotte metro
- Vacancy in the Charlotte metro fell by 50 basis points.
- Vacancy is expected to finish 2022 at 10.2% in the Charlotte metro.
Office
The average Vacancy Rate was 19.2% in the Charlotte metro
- Vacancy in the Charlotte metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2022 at 19.3% in the Charlotte metro.
Retail
The average Vacancy Rate was 9.6% in the Charlotte metro
- Vacancy in the Charlotte metro drifted upward by 30 basis points.
- Vacancy is expected to finish 2022 at 9.5% in the Charlotte metro.
RENT
Apartment
The average Asking Rent was $1,474 in the Charlotte metro
- Rent in the Charlotte metro was up 0.4% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Charlotte metro.
- Rent is expected to finish 2022 at $1,482 in the Charlotte metro.
Distribution / Warehousing
The average Asking Rent was $5.76 in the Charlotte metro
- Rent in the Charlotte metro was up 2.3% from Q2 2022.
- Rent Has risen for nine consecutive quarters in the Charlotte metro.
- Rent is expected to finish 2022 at $5.92 in the Charlotte metro.
Flex / R&D
The average Asking Rent was $9.46 in the Charlotte metro
- Rent in the Charlotte metro was up 2.0% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Charlotte metro.
- Rent is expected to finish 2022 at $9.63 in the Charlotte metro.
Office
The average Asking Rent was $29.35 in the Charlotte metro
- Rent in the Charlotte metro was up 0.7% from Q2 2022.
- Rent has risen in every quarter since Q3 2013 in the Charlotte metro.
- Rent is expected to finish 2022 at $29.52 in the Charlotte metro.
Retail
The average Asking Rent was $19.96 in the Charlotte metro
- The Charlotte metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $19.99 in the Charlotte metro.
VACANCY
Apartment
The average Vacancy Rate was 5.0% in the Greensboro/Winston-Salem metro
- No vacancy change since Q2 2022 in the Greensboro/Winston-Salem metro.
- Vacancy is expected to finish 2022 at 5.0% in the Greensboro/Winston-Salem metro.
Distribution / Warehousing
The average Vacancy Rate was 4.3% in the Greensboro/Winston-Salem metro
- Vacancy in the Greensboro/Winston-Salem metro fell by 230 basis points.
- The Greensboro/Winston-Salem metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 4.0% in the Greensboro/Winston-Salem metro.
Office
The average Vacancy Rate was 21.8% in the Greensboro/Winston-Salem metro
- Vacancy in the Greensboro/Winston-Salem metro fell by 120 basis points.
- Vacancy is expected to finish 2022 at 21.4% in the Greensboro/Winston-Salem metro.
Retail
The average Vacancy Rate was 10.2% in the Greensboro/Winston-Salem metro
- Vacancy in the Greensboro/Winston-Salem metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2022 at 10.2% in the Greensboro/Winston-Salem metro.
RENT
Apartment
The average Asking Rent was $1,165 in the Greensboro/Winston-Salem metro
- Rent in the Greensboro/Winston-Salem metro was up 1.8% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Greensboro/Winston-Salem metro.
- Rent is expected to finish 2022 at $1,173 in the Greensboro/Winston-Salem metro.
Distribution / Warehousing
The average Asking Rent was $5.68 in the Greensboro/Winston-Salem metro
- Rent in the Greensboro/Winston-Salem metro was up 2.9% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Greensboro/Winston-Salem metro.
- Rent is expected to finish 2022 at $5.81 in the Greensboro/Winston-Salem metro.
Office
The average Asking Rent was $17.44 in the Greensboro/Winston-Salem metro
- Rent in the Greensboro/Winston-Salem metro was up 0.8% from Q2 2022.
- Greensboro/Winston-Salem metro had its fastest rent rate of increase since year-end 2004.
- Rent is expected to finish 2022 at $17.53 in the Greensboro/Winston-Salem metro.
Retail
The average Asking Rent was $15.63 in the Greensboro/Winston-Salem metro
- Rent in the Greensboro/Winston-Salem metro was up 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $15.66 in the Greensboro/Winston-Salem metro.
VACANCY
Apartment
The average Vacancy Rate was 5.2% in the Greenville metro
- Vacancy in the Greenville metro drifted downward by 10 basis points.
- The Greenville metro had the lowest vacancy level since Q1 2019.
- Vacancy is expected to finish 2022 at 5.3% in the Greenville metro.
Distribution / Warehousing
The average Vacancy Rate was 3.5% in the Greenville metro
- Vacancy in the Greenville metro has been in decline for seven consecutive quarters.
- The Greenville metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 3.3% in the Greenville metro.
Office
The average Vacancy Rate was 21.4% in the Greenville metro
- Vacancy in the Greenville metro drifted upward by 30 basis points.
- The Greenville metro had the highest vacancy level since year-end 2005.
- Vacancy is expected to finish 2022 at 22.1% in the Greenville metro.
Retail
The average Vacancy Rate was 11.6% in the Greenville metro
- Vacancy in the Greenville metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 11.6% in the Greenville metro.
RENT
Apartment
The average Asking Rent was $1,204 in the Greenville metro
- Rent in the Greenville metro was up 1.7% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Greenville metro.
- Rent is expected to finish 2022 at $1,214 in the Greenville metro.
Distribution / Warehousing
The average Asking Rent was $4.93 in the Greenville metro
- Rent in the Greenville metro was up 4.2% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Greenville metro.
- Rent is expected to finish 2022 at $5.09 in the Greenville metro.
Office
The average Asking Rent was $19.24 in the Greenville metro
- Rent in the Greenville metro was up 0.4% from Q2 2022.
- Rent is expected to finish 2022 at $19.41 in the Greenville metro.
Retail
The average Asking Rent was $12.64 in the Greenville metro
- Rent in the Greenville metro was up 0.1% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Greenville metro.
- Rent is expected to finish 2022 at $12.67 in the Greenville metro.
VACANCY
Apartment
The average Vacancy Rate was 2.4% in the Knoxville metro
- The Knoxville metro had the lowest vacancy in the nation.
- Vacancy in the Knoxville metro drifted downward by 30 basis points.
- The Knoxville metro had the lowest vacancy level since Q3 1999.
Distribution / Warehousing
The average Vacancy Rate was 3.7% in the Knoxville metro
- Vacancy in the Knoxville metro fell by 60 basis points.
- The Knoxville metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 3.6% in the Knoxville metro.
Office
The average Vacancy Rate was 16.1% in the Knoxville metro
- Vacancy in the Knoxville metro drifted downward by 40 basis points.
- The Knoxville metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 16.4% in the Knoxville metro.
Retail
The average Vacancy Rate was 12.5% in the Knoxville metro
- Vacancy in the Knoxville metro drifted downward by 10 basis points.
- The Knoxville metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 12.5% in the Knoxville metro.
RENT
Apartment
The average Asking Rent was $1,021 in the Knoxville metro
- Rent in the Knoxville metro was up 3.2% from Q2 2022.
- Rent Has risen for nine consecutive quarters in the Knoxville metro.
- Rent is expected to finish 2022 at $1,025 in the Knoxville metro.
Distribution / Warehousing
The average Asking Rent was $4.63 in the Knoxville metro
- Rent in the Knoxville metro was up 2.4% from Q2 2022.
- Knoxville metro had its fastest rent rate of increase since Q1 2017.
- Rent is expected to finish 2022 at $4.69 in the Knoxville metro.
Office
The average Asking Rent was $17.26 in the Knoxville metro
- The Knoxville metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $17.33 in the Knoxville metro.
Retail
The average Asking Rent was $15.36 in the Knoxville metro
- The Knoxville metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $15.38 in the Knoxville metro.
VACANCY
Apartment
The average Vacancy Rate was 2.9% in the Norfolk/Hampton Roads metro
- The Norfolk/Hampton Roads metro had the fifth lowest vacancy in the nation and the fourth lowest in the South Atlantic.
- Vacancy in the Norfolk/Hampton Roads metro drifted downward by 20 basis points.
- The Norfolk/Hampton Roads metro had the lowest vacancy level since Q3 2002.
Distribution / Warehousing
The average Vacancy Rate was 2.7% in the Norfolk/Hampton Roads metro
- Vacancy in the Norfolk/Hampton Roads metro fell by 90 basis points.
- The Norfolk/Hampton Roads metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2022 at 2.5% in the Norfolk/Hampton Roads metro.
Office
The average Vacancy Rate was 16.5% in the Norfolk/Hampton Roads metro
- No vacancy change since Q2 2022 in the Norfolk/Hampton Roads metro.
- Vacancy is expected to finish 2022 at 16.8% in the Norfolk/Hampton Roads metro.
Retail
The average Vacancy Rate was 12.9% in the Norfolk/Hampton Roads metro
- Vacancy in the Norfolk/Hampton Roads metro drifted downward by 10 basis points.
- The Norfolk/Hampton Roads metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2022 at 12.8% in the Norfolk/Hampton Roads metro.
RENT
Apartment
The average Asking Rent was $1,379 in the Norfolk/Hampton Roads metro
- Rent in the Norfolk/Hampton Roads metro was up 1.4% from Q2 2022.
- Rent has risen in every quarter since Q1 2015 in the Norfolk/Hampton Roads metro.
- Rent is expected to finish 2022 at $1,382 in the Norfolk/Hampton Roads metro.
Distribution / Warehousing
The average Asking Rent was $7.13 in the Norfolk/Hampton Roads metro
- Rent in the Norfolk/Hampton Roads metro was up 2.6% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Norfolk/Hampton Roads metro.
- Rent is expected to finish 2022 at $7.27 in the Norfolk/Hampton Roads metro.
Office
The average Asking Rent was $20.78 in the Norfolk/Hampton Roads metro
- Rent in the Norfolk/Hampton Roads metro was up 0.7% from Q2 2022.
- Norfolk/Hampton Roads metro had its fastest rent rate of increase since year-end 2018.
- Rent is expected to finish 2022 at $20.91 in the Norfolk/Hampton Roads metro.
Retail
The average Asking Rent was $16.38 in the Norfolk/Hampton Roads metro
- The Norfolk/Hampton Roads metro had the fastest rent growth in the South Atlantic region, third most rapid in the nation.
- Rent Has risen for seven consecutive quarters in the Norfolk/Hampton Roads metro.
- Rent is expected to finish 2022 at $16.41 in the Norfolk/Hampton Roads metro.
VACANCY
Apartment
The average Vacancy Rate was 4.6% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro drifted downward by 20 basis points.
- The Raleigh-Durham metro had the lowest vacancy level since Q2 2017.
- Vacancy is expected to finish 2022 at 4.9% in the Raleigh-Durham metro.
Distribution / Warehousing
The average Vacancy Rate was 3.5% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro has been in decline for seven consecutive quarters.
- The Raleigh-Durham metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 3.0% in the Raleigh-Durham metro.
Flex / R&D
The average Vacancy Rate was 5.6% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro declined by 50 basis points.
- The Raleigh-Durham metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 5.5% in the Raleigh-Durham metro.
Office
The average Vacancy Rate was 18.7% in the Raleigh-Durham metro
- No vacancy change since Q2 2022 in the Raleigh-Durham metro.
- The Raleigh-Durham metro had the highest vacancy level since year-end 2004.
- Vacancy is expected to finish 2022 at 18.1% in the Raleigh-Durham metro.
Retail
The average Vacancy Rate was 7.8% in the Raleigh-Durham metro
- Vacancy in the Raleigh-Durham metro drifted upward by 20 basis points.
- The Raleigh-Durham metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.7% in the Raleigh-Durham metro.
RENT
Apartment
The average Asking Rent was $1,428 in the Raleigh-Durham metro
- Rent in the Raleigh-Durham metro was up 1.1% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Raleigh-Durham metro.
- Rent is expected to finish 2022 at $1,434 in the Raleigh-Durham metro.
Distribution / Warehousing
The average Asking Rent was $7.70 in the Raleigh-Durham metro
- The Raleigh-Durham metro had the fastest rent growth in the nation.
- Rent Has risen for nine consecutive quarters in the Raleigh-Durham metro.
- Rent is expected to finish 2022 at $8.13 in the Raleigh-Durham metro.
Flex / R&D
The average Asking Rent was $14.28 in the Raleigh-Durham metro
- The Raleigh-Durham metro had the fastest rent growth in the nation.
- Rent Has risen for eleven consecutive quarters in the Raleigh-Durham metro.
- Rent is expected to finish 2022 at $14.91 in the Raleigh-Durham metro.
Office
The average Asking Rent was $25.55 in the Raleigh-Durham metro
- Rent in the Raleigh-Durham metro was up 0.3% from Q2 2022.
- Rent has risen in every quarter since Q3 2013 in the Raleigh-Durham metro.
- Rent is expected to finish 2022 at $25.67 in the Raleigh-Durham metro.
Retail
The average Asking Rent was $20.28 in the Raleigh-Durham metro
- Rent in the Raleigh-Durham metro was up 0.1% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Raleigh-Durham metro.
- Rent is expected to finish 2022 at $20.31 in the Raleigh-Durham metro.