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Apartment Vacancies in Charlotte and Raleigh Reach Record Levels

Abundant New Supply Causes Vacancies To Rise Despite High Demand in Both Markets

The vacancy rates for apartments in both Charlotte and Raleigh in North Carolina have hit all-time highs. In Charlotte, apartment vacancies reached 10.7% at the end of the third quarter, while in Raleigh they were a hair higher at 10.8%.

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