1 / 6

5 th Annual Tampa Bay Area Mid-Year Multifamily Update

“The Rental MF Market Crystal Ball – Where Do We Go From Here - Higher”. 5 th Annual Tampa Bay Area Mid-Year Multifamily Update. Tampa Westshore Marriott Hotel June 21 st , 2012 Sponsored by:. Bay Area Apartment Association TRIAD Research & Consulting, Inc. OCCUPANCY TRENDS. triad.

hayden
Télécharger la présentation

5 th Annual Tampa Bay Area Mid-Year Multifamily Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “The Rental MF Market Crystal Ball – Where Do We Go From Here - Higher” 5th Annual Tampa Bay AreaMid-Year Multifamily Update Tampa Westshore Marriott Hotel June 21st , 2012 Sponsored by: Bay Area Apartment Association TRIAD Research & Consulting, Inc.

  2. OCCUPANCYTRENDS triad

  3. RENTALPRICINGTRENDS

  4. 2012-13-14 PIPELINE & NEWCONSTRUCTION REPORT

  5. BAYAREAMULTIFAMILYTRENDS HILVACANT ZONED LAND OPPS IN BRANDON, DWNTWN, SOUTH COUNTY & WS– ACTIVE NEW CONS IN TAMPA PALMS – OCC RESTABLIZING UP ±2% & RENTS UP 2% - 4%, MARKET RECOVERY POSITIVE MARKET WIDE – SOME SUBMARKETS ±95% PINONLY CONS IN GATEWAY & URBAN ST PETE & BAY PINES – OCC STABILIZING WITH MARKET RECOVERY AROUND ±93% WITH SOME MARKETS ±95% PASONLY ACTIVE NEW CONS COUNTY LINE ROAD –MARKET RECOVERY ABOVE AVERAGE 93%-94% – NEW CONS CHALLENGED BY HIGH LAND COSTS - IMPACT FEES REDUCED – FEW SITES SOUTH CENTRAL & SW COUNTY POLLAND AVAIL/AFFORD FOR FUTURE PIPELINE – NO NEW CONS - NO ACTIVITY AT THIS TIME – OCC RECOVERY POSITIVE - ±92% GLOBAL TRENDSNEW CONST SLOWED BY FINANCING DIFFICULTY & LAND COSTS - DEMAND GREATER THAN EVER DUE TO DISTRESS SF & ECONOMIC TIMES - RECOVERY TO 94%-95% NOW AND 95%-965 IN 6-12 MONTHS FORECLOSURES & JOB CHANGES CREATING NEW DEMAND FOR RENTALS – EMPLOY STILL DOWN – REGION STRONGER THAN MOST OF FLORIDA - FINANCING THE CHALLENGE – PLAYERS W/$$ WILL PLAY – ACQ STILL STRONG

  6. THANK YOU Sponsored by: 5th Annual Bay Area Mid-Year Rental Multifamily Update

More Related