At 5.6%, Raleigh-Durham apartment vacancy is up 10 basis points for the quarter and up 60 over the year. This market's vacancy spent a good portion of 2017 below the 5.0% mark. Since 5.0% or lower is generally considered a full market, the current rate indicates a landlord-friendly occupancy posture. Average asking and effective rents rose 0.7% and 0.8%, respectively, over the quarter, to $1,114 and $1,046 per month. These rates are up a considerable 4.1% and 4.4% over 12 months. Rents have started 2019 well.