Occupancy strong at Triad apartments
Area apartments are at their lowest vacancy rates since 2000, with Triad communities at an average of 92 percent leased.
That's according to a report just out from Charlotte-based Real Data Apartment Market Research. And those findings aren't really much of a surprise, considering that the region's apartment market has showed almost steady improvement in the past five years and that some would-be homebuyers likely are opting to rent now that credit isn't so easy to come by.
Demand for area apartments remains strong, with the newest communities reporting the best occupancy rates. Average rents here have risen 4 percent in the past year, to $641 a month.
The lowest vacancy rates for September were in southwest Winston-Salem and southwest Greensboro, the latter of which happens to have the most expensive square-footage in the area.
Southeast Greensboro saw the highest vacancy rate - 12.4 percent.
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