Exhibit III-3
APARTMENT ABSORPTION VERSUS COMPLETIONS
NORFOLK-HAMPTON ROADS REGION
2000-2018
500
1,000
1,500
2,000
PROJECTED
2000-2013 AVG NET ABSORPTION:
951 units/year
2000-2013 AVG COMPLETIONS:
975 units/year
SOURCE: REIS
-500
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Completions Net Absorption
Exhibit III-3
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
