The Carolinas absorbed over 69,200 units in the year-ending 2nd quarter, which was a record for the region and more than double the five-year average.
When looking at demand as a share of the region’s total existing unit count, the Carolinas came out notably ahead of the nation’s other regions. The Carolinas had 995,200 existing apartment units as of 2nd quarter, which was the smallest volume nationwide. That means the past year’s demand total represents 7% of the Carolinas region’s existing stock of apartments.
Source: RealPage
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