No. 10 Biggest Rent Hike: Raleigh-Cary, N.C.

Annual increase: 7.4%
Average monthly rent: $785
Vacancy rate: 6.1% (7.4% in 2009)
Average concession: -4%

Major employers in this section of the Research Triangle include North Carolina State University, WakeMed Health and Hospital, and Rex Healthcare, according to the City of Raleigh Economic Development Program. The area continues to draw skilled labor and the average unemployment rate in 2010 dropped to about 8.4 percent from 8.8 percent in 2009, according to BLS preliminary figures. Parts of the Cary and Hillsborough areas had the biggest rental rate increases, show AXIOMetrics 2010 data.

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