Triad apartment business booming

GREENSBORO, N.C.–More apartment units will soon be popping up across the Triad. In fact, there are more than 1,100 units currently being built in the region.

Real Data, a research company based in Charlotte, says the apartment vacancy rate in the Triad is 8.3%, which is a significant decrease compared to the rate a few months ago.

Based on the low vacancy rates, apartment companies are building and expanding complexes.

CityView Apartments will be adding 80 more units to their downtown Greensboro complex in the coming months.

Crews are building 200 more units at the Gardens of Anthony House off Pleasant Garden Road in Greensboro.

A brand new complex is planned for High Point off Highway 68, which will house more than 200 units.

Renters like Russell and Cate are grateful to have more options added during their apartment hunt.

“We found this one [our apartment] on our second day of looking,” Russell said.

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