Exhibit III-2
RENTAL APARTMENT SUBMARKET SNAPSHOT
NORFOLK-HAMPTON ROADS REGION
FEBRUARY 2014
MAP
KEY SUBMARKET
BUILDINGS UNITS
ASKING
RENT
VACANCY
1 Kempsville/Bayside
80
16,271
$1,058
4.0%
2 Lynnhaven/Oceana
49
9,867
$1,026
5.8%
3 Hampton/York
70
12,146
$978
3.3%
4 Williamsburg
19
2,790
$969
2.7%
5 Chesapeake
43
7,793
$958
3.6%
6 Norfolk
114
15,854
$889
3.3%
7 Newport News
103
19,374
$827
4.3%
8 Portsmouth/Suffolk
45
6,966
$785
2.8%
SOURCE: REIS
Exhibit III-2
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
