Transcript of National Leaders in Real Estate Research Annual Apartment Survey 2007 “Are We There Yet?” Ken...
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- National Leaders in Real Estate Research Annual Apartment
Survey 2007 Are We There Yet? Ken Danter The Danter Company
Columbus Apartment Association May 17, 2007
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- Outline n Demographic Trends n Employment Trends n Housing
Starts n Single Family Trends n Condominium Trends n Apartment
Trends
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- Demographic Trends Columbus MSA
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- Columbus MSA TrendsPopulationHouseholds 19901,345,454513,500
20001,540,157610,757 Change 1990-2000194,70397,257 Percent Change
1990-200014.5%18.9% 20061,707,963677,333 Change
2000-2006167,80666,576 Percent Change 2000-200610.9%
20111,862,944741,140 Change 2006-2011154,98163,807 Percent Change
2006-20119.1%9.4%
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- Employment Trends Columbus MSA
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- Building Permit Trends Columbus MSA
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- SURPLUS
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- Single-Family Trends Columbus MSA
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- SUSTAINABLE
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- Condominium Trends Columbus MSA
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- Apartment Trends Columbus, Ohio
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- Columbus, Ohio Vacancy Rate Trends 2000 - 2007
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- Columbus, Ohio Vacancy Rate By Unit Type - 2007
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- Columbus, Ohio Vacancy Rate By Quadrant - 2007 Northwest5.7%
Northeast6.1% Southeast10.1% Southwest15.2% Central City7.8%
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- Columbus, Ohio Median Rent Trends 2000 - 2007
One-BedroomTwo-Bedroom 2007$513$625 2006$499$619 2005$497$620
2004$496$621 2003$495$620 2002$495$620 2001$480$596 2000$470$585
Avg. Annual Increase 2000 2007 2006 2007 1.3% 2.8% 1.0%
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- Columbus, Ohio Median Rent By Quadrant - 2007
One-BedroomTwo-Bedroom Northwest$614$736 Northeast$525$628
Southeast$443$578 Southwest$499$594 Central City$415$590
Overall$513$625
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- The Future n Single family entry level construction to be below
sustainable levels for 3 to 5 years n Continued conversions will
reduce number of apartments in the market (and the same number of
renters) n Decreasing vacancies to stabilize at 6% to 7% over the
next two years n Rent increases of 1% to 1.5% per year n Declining
concessions
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- For a Copy of Todays Presentation n Go to www.danter.com and
look for Columbus Apartment Association Presentation May 17,
2007www.danter.com