6912-6914 polk st€¦ · rent comparables summary 6912-6914 polk st no. rent comps 10 avg. rent...

6912-6914 Polk St

PREPARED BY

James Pompa

Principal

Rent Comparables

50 Unit Apartment Building

Guttenberg, New Jersey - North Hudson County Neighborhood

Subject Property

6912-6914 Polk StGuttenberg, New Jersey - North Hudson County Neighborhood

PROPERTY

-

No. of Units: 50

Stories: -

Avg. Unit Size: -

Year Built: -

Parking: -

Distance to Transit:

Type: Apartments - All

Rent Type: Market

PROPERTY MANAGER

-

-

OWNER

Yusufov, Joseph

12 MONTH NET ABSORPTION

Current: -

Competitor Total: (3) Units

Competitor Avg: (0.6) Units

Submarket Total: 313 Units

Submarket Avg: 0.3 Units

ASKING RENTS PER UNIT/SF

$2.84 /SF

$2.36 /SF

-

Current: - -

Last Quarter: - -

Year Ago: -

Competitors: $2,182

Submarket: $2,407

VACANCY

1,304 Units

7 Units

-

Current: - -

Last Quarter: - -

Year Ago: -

Competitors: 4.8%

Submarket: 6.3%

7/8/2019Copyrighted report licensed to Vue Realty Group - 862007.

Rent Comparables Summary6912-6914 Polk St

No. Rent Comps

10Avg. Rent Per Unit

$2,182Avg. Rent Per SF

$2.36Avg. Vacancy Rate

5.3%RENT COMP LOCATIONS

RENT COMPS SUMMARY STATISTICS

Unit Breakdown Low Average Median High

Total Units

Studio Units

One Bedroom Units

Two Bedroom Units

Three Bedroom Units

12

0

0

0

0

26

1

10

8

2

24

0

10

2

0

52

12

28

36

8

Property Attributes Low Average Median High

2014Year Built

Number of Floors

Average Unit Size

Vacancy Rate

Star Rating

1

799 SF

0.0%

2016

3

902 SF

5.3%

2017

4

912 SF

6.4%

2019

5

1,000 SF

15.8%

3.2


Rent Comparables Summary6912-6914 Polk St

Property Name/Address Rating Yr Built Units Avg Unit SF Studio 1 Bed 2 Bed 3 Bed Rent/SF

Property Size Asking Rent Per Month Per Unit

-Jaclyn Heights II

32 774 - $2,074 $2,106 $3,288 $2.605609 Jefferson St

1 2014

-Jaclyn Heights I

40 578 $2,675 $1,709 $2,214 - $2.425817 Jefferson St

2 2017

-321 54th St

52 944 - $1,852 $2,272 $2,644 $2.40309 54th St

3 2018

-Polk Place

18 924 - $2,152 - - $2.336813-6817 Polk St

4 2015

-Jaclyn Heights III

28 999 - $1,637 $1,954 $2,535 $2.085805 Jefferson St

5 2014

-561 56th St

12 - - - - - -6 2017

-430 52nd St

24 900 - - - - -7 2018

-408-414 50th St

13 - - - - - -8 2016

-The Rebeka 5711

24 - - - - - -5701-5711 Washington St

9 2019

-6116-6118 Madison St

12 - - - - - -10 2018

-6912-6914 Polk St

50 - - - - - -2020


http://gateway.costar.com/Gateway/Redir/RedirectToProduct.aspx?productId=PPW&redirUrl=%2Fredir%2Fdefault.aspx%3Feid%3D9596046%26ProductMode%3DProperty%26external%3D1











Vacancy 0%

309 54th St52 Units / - Stories

Owner: Tenth Avenue Holdings

Rent/SF $2.40,

321 54th St3

Vacancy 5.0%

5817 Jefferson St40 Units / 1 Story

Owner: MonGroup Properties, Inc.

Rent/SF $2.42,

Jaclyn Heights I2

Vacancy 9.4%

5609 Jefferson St32 Units / 4 Stories

Owner: Fred Samuels

Rent/SF $2.60,

Jaclyn Heights II1

Vacancy 8.3%

561 56th St12 Units / 3 Stories

Owner: -

Rent/SF -,

6

Vacancy 3.6%

5805 Jefferson St28 Units / 4 Stories

Owner: The Jayson Company

Rent/SF $2.08,

Jaclyn Heights III5

Vacancy 5.6%

6813-6817 Polk St18 Units / 4 Stories

Owner: Conurban Capital;Mavrides,…

Rent/SF $2.33,

Polk Place4

Vacancy 16.7%

5701-5711 Washington St24 Units / - Stories

Owner: -

Rent/SF -,

The Rebeka 57119

Vacancy 7.7%

408-414 50th St13 Units / 5 Stories

Owner: DeRuggiero, Inc. Realtors

Rent/SF -,

8

Vacancy 0%

430 52nd St24 Units / 4 Stories

Owner: -

Rent/SF -,

7

Rent Comparables Photo Comparison6912-6914 Polk St




















Rent Comparables Photo Comparison6912-6914 Polk St

Vacancy -

6912-6914 Polk St50 Units / - Stories

Owner: Yusufov, Joseph

Rent/SF -,

Subject Property

Vacancy 8.3%

6116-6118 Madison St12 Units / - Stories

Owner: L E A Electric

Rent/SF -,

10






Rent Comparables6912-6914 Polk St

1 5609 Jefferson St - Jaclyn Heights IIWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

Vue - Jaclyn Heights II

(201) 683-8700

PROPERTY

0.8 Miles

Property Size: 32 Units, 4 Floors

Avg. Unit Size: 774 SF

Year Built: 2014


Rent Type:

Parking: 16 Spaces; 0.5 per Unit

Distance to Subject:

Distance to Transit: 9 Minute Walk

Market

OWNER

Purchased Aug 2018

$10,300,000 ($321,875/Unit)

UnitsBed Bath Avg SF Mix % Units Percent Per Unit Per SF Per Unit Per SF Concessions

Unit Mix Availability Avg Asking Rent Avg Effective Rent

UNIT BREAKDOWN

1 1 - - - - - $1,755 - $1,743 - 0.7%

1 1 780 28 87.5% 2 7.1% $2,074 $2.66 $2,059 $2.64 0.7%

2 2 - - - - - $2,139 - $2,118 - 1.0%

2 2 977 3 9.4% 1 33.3% $2,106 $2.16 $2,085 $2.13 1.0%

3 2 - 1 3.1% 0 0.0% $3,288 - $3,279 - 0.3%

Totals Avg SF Units Mix % Units Percent Per Unit Per SF Per Unit Per SF Concessions

All 1 Beds 780 28 87.5% 2 7.1% $2,053 $2.66 $2,038 $2.64 0.7%

All 2 Beds 977 3 9.4% 1 33.3% $2,123 $2.16 $2,102 $2.13 1.0%

All 3 Beds - 1 3.1% 0 0.0% $3,288 - $3,279 - 0.3%

Totals 799 32 100% 3 9.4% $2,098 $2.60 $2,082 $2.58 0.7%

Updated June 24, 2019Estimate

SITE AMENITIES

Controlled Access, Elevator, Fitness Center, Storage Space

UNIT AMENITIES

Air Conditioning, Granite Countertops, Heating, Kitchen, Range, Refrigerator, Stainless Steel Appliances, Washer/Dryer

RECURRING EXPENSES

Dog Rent $25 Cat Rent $25 Unassigned Garage Parking $100

Unassigned Surface Lot Parking $100 Unassigned Other Parking $150 Storage Fee $30

ONE TIME EXPENSES

Application Fee $35

PET POLICY

Cats Allowed - $25/Mo, 2 MaximumRestrictions: No vicious breedsDogs Allowed - $25/Mo, 2 MaximumRestrictions: No vicious breeds



2 5817 Jefferson St - Jaclyn Heights IWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

MonGroup - Jaclyn Heights I

-

PROPERTY

0.7 Miles



Year Built: Jun 2017


Rent Type:

Parking: -



Market

OWNER

-



UNIT BREAKDOWN

Studio 0.5 - 12 30.0% 0 0.0% $2,678 - $2,651 - 1.0%

1 1 - - - - - $2,150 - $2,144 - 0.3%

1 1 567 4 10.0% 0 0.0% $1,657 $2.92 $1,653 $2.91 0.2%

1 1 739 4 10.0% 0 0.0% $1,709 $2.31 $1,704 $2.31 0.3%

1 1 742 4 10.0% 0 0.0% $1,761 $2.37 $1,756 $2.37 0.3%

2 2 929 4 10.0% 0 0.0% $2,227 $2.40 $2,221 $2.39 0.2%

2 2 933 4 10.0% 0 0.0% $2,227 $2.39 $2,221 $2.38 0.2%

2 2 935 4 10.0% 0 0.0% $2,227 $2.38 $2,221 $2.38 0.2%

2 2 939 4 10.0% 0 0.0% $2,175 $2.32 $2,169 $2.31 0.3%

3 2 - - - - - $2,775 - $2,775 - 0.0%


All Studios - 12 30.0% 0 0.0% $2,678 - $2,651 - 1.0%

All 1 Beds 683 12 30.0% 0 0.0% $1,743 $2.50 $1,738 $2.50 0.3%

All 2 Beds 934 16 40.0% 0 0.0% $2,214 $2.37 $2,208 $2.36 0.2%

All 3 Beds - - - - - $2,775 - $2,775 - 0.0%

Totals 826 40 100% 0 0.0% $2,237 $2.42 $2,226 $2.41 0.5%

Updated July 01, 2019Estimate

SITE AMENITIES

Controlled Access, Fitness Center, Storage Space

UNIT AMENITIES

Air Conditioning, Granite Countertops, Heating, Stainless Steel Appliances, Washer/Dryer

RECURRING EXPENSES

Dog Rent $50 Cat Rent $50 Storage Fee $50

Free Sewer



PET POLICY

Cats Allowed - $50/Mo, 2 Maximum, One-Time Fee: $0Restrictions: Restrictions may apply per owners discretion.Dogs Allowed - $50/Mo, 2 Maximum, One-Time Fee: $0Restrictions: Restrictions may apply per owners discretion.



3 309 54th St - 321 54th StWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

-

-

PROPERTY

0.9 Miles

Property Size: 52 Units


Year Built: Mar 2018


Rent Type:

Parking: -



Market

OWNER

-



UNIT BREAKDOWN

1 1 738 4 7.7% 0 0.0% $1,827 $2.47 $1,820 $2.47 0.4%

1 1 768 4 7.7% 0 0.0% $1,877 $2.44 $1,869 $2.43 0.4%

2 1 882 4 7.7% 0 0.0% $2,048 $2.32 $2,040 $2.31 0.4%

2 2 828 4 7.7% 0 0.0% $2,010 $2.43 $2,002 $2.42 0.4%

2 2 880 4 7.7% 0 0.0% $2,136 $2.43 $2,128 $2.42 0.4%

2 2 887 8 15.4% 0 0.0% $2,153 $2.43 $2,145 $2.42 0.4%

2 2 905 4 7.7% 0 0.0% $2,197 $2.43 $2,189 $2.42 0.4%

2 2 988 4 7.7% 0 0.0% $2,398 $2.43 $2,389 $2.42 0.4%

2 2 989 4 7.7% 0 0.0% $2,401 $2.43 $2,392 $2.42 0.4%

2 2 1,216 4 7.7% 0 0.0% $2,952 $2.43 $2,941 $2.42 0.4%

3 2 1,146 4 7.7% 0 0.0% $2,526 $2.20 $2,508 $2.19 0.7%

3 2 1,158 4 7.7% 0 0.0% $2,763 $2.39 $2,744 $2.37 0.7%


All 1 Beds 753 8 15.4% 0 0.0% $1,852 $2.46 $1,844 $2.45 0.4%

All 2 Beds 940 36 69.2% 0 0.0% $2,272 $2.42 $2,263 $2.41 0.4%

All 3 Beds 1,152 8 15.4% 0 0.0% $2,644 $2.30 $2,626 $2.28 0.7%

Totals 944 52 100% 0 0.0% $2,265 $2.40 $2,255 $2.39 0.4%


SITE AMENITIES

24 Hour Access, Bicycle Storage, Fitness Center, Online Services, Package Service, Roof Terrace, Security System

UNIT AMENITIES

Air Conditioning, Stainless Steel Appliances, Tile Floors, Vinyl Flooring, Walk-In Closets, Washer/Dryer



ONE TIME EXPENSES

Application Fee $25



4 6813-6817 Polk St - Polk PlaceGuttenberg, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

Conurban Capital

(201) 351-0609

PROPERTY

0.1 Miles



Year Built: 2015


Rent Type:

Parking: -


Distance to Transit: -

Market

OWNER

Purchased Mar 2016

$4,400,000 ($244,444/Unit)



UNIT BREAKDOWN

1 1 735 3 16.7% 0 0.0% $1,713 $2.33 $1,700 $2.31 0.7%

1 1 803 3 16.7% 0 0.0% $1,941 $2.42 $1,927 $2.40 0.7%

1 1 879 3 16.7% 0 0.0% $2,003 $2.28 $1,989 $2.26 0.7%

1 1 1,023 3 16.7% 0 0.0% $2,384 $2.33 $2,367 $2.31 0.7%

1 1 1,037 3 16.7% 0 0.0% $2,380 $2.29 $2,362 $2.28 0.7%

1 1 1,069 3 16.7% 0 0.0% $2,491 $2.33 $2,473 $2.31 0.7%


All 1 Beds 924 18 100% 0 0.0% $2,152 $2.33 $2,136 $2.31 0.7%

Totals 924 18 100% 0 0.0% $2,152 $2.33 $2,136 $2.31 0.7%


SITE AMENITIES

Bicycle Storage, Fitness Center

UNIT AMENITIES

Air Conditioning, Cable Ready, Dishwasher, Hardwood Floors, Heating, High Speed Internet Access, Pantry, Stainless Steel Appliances,Washer/Dryer

ONE TIME EXPENSES

Application Fee $35

PET POLICY

Cats AllowedDogs Allowed



5 5805 Jefferson St - Jaclyn Heights IIIWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

The Jayson Company

(908) 688-1111

PROPERTY

0.7 Miles


Avg. Unit Size: 1,000 SF

Year Built: Oct 2014


Rent Type:




Market

OWNER

Purchased Aug 2016

$9,200,000 ($328,571/Unit)



UNIT BREAKDOWN

1 1 754 4 14.3% 0 0.0% $1,637 $2.17 $1,633 $2.17 0.2%

2 2 927 16 57.1% 0 0.0% $1,954 $2.11 $1,946 $2.10 0.4%

3 2 1,268 8 28.6% 1 12.5% $2,535 $2.00 $2,510 $1.98 1.0%


All 1 Beds 754 4 14.3% 0 0.0% $1,637 $2.17 $1,633 $2.17 0.2%

All 2 Beds 927 16 57.1% 0 0.0% $1,954 $2.11 $1,946 $2.10 0.4%

All 3 Beds 1,268 8 28.6% 1 12.5% $2,535 $2.00 $2,510 $1.98 1.0%

Totals 1,000 28 100% 1 3.6% $2,074 $2.08 $2,062 $2.06 0.6%




6 561 56th StWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

-

-

PROPERTY

0.8 Miles


Avg. Unit Size: -

Year Built: Mar 2017


Rent Type:

Parking: -



Market

OWNER

-



UNIT BREAKDOWN

Studio - - - - - - - - - - -


Totals - 12 100% 1 8.3% - - - - -




7 430 52nd StWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

-

-

PROPERTY

1.0 Miles



Year Built: Jun 2018


Rent Type:

Parking: -



Market

OWNER

-



UNIT BREAKDOWN

1 1 850 12 50.0% 0 0.0% - - - - -

2 2 950 12 50.0% 0 0.0% - - - - -


All 1 Beds 850 12 50.0% 0 0.0% - - - - -

All 2 Beds 950 12 50.0% 0 0.0% - - - - -

Totals 900 24 100% 0 0.0% - - - - -


SITE AMENITIES

Fitness Center, Laundry Facilities

UNIT AMENITIES

Dishwasher, Granite Countertops, Hardwood Floors, Kitchen, Oven, Range, Refrigerator, Stainless Steel Appliances, Tile Floors, Tub/Shower



8 408-414 50th StWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

-

-

PROPERTY

1.1 Miles


Avg. Unit Size: -

Year Built: Nov 2016


Rent Type:




Market

OWNER

-



UNIT BREAKDOWN

1 1.5 - 13 100% 1 7.7% - - - - -


All 1 Beds - 13 100% 1 7.7% - - - - -

Totals - 13 100% 1 7.7% - - - - -


SITE AMENITIES

Elevator

UNIT AMENITIES

Air Conditioning, Washer/Dryer



9 5701-5711 Washington St - The Rebeka 5711West New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

-

-

PROPERTY

0.7 Miles


Avg. Unit Size: -

Year Built: Feb 2019


Rent Type:




Market

OWNER

-



UNIT BREAKDOWN

Studio - - - - - - - - - - -


Totals - 24 100% 4 16.7% - - - - -




10 6116-6118 Madison StWest New York, New Jersey - North Hudson County Neighborhood

PROPERTY MANAGER

-

-

PROPERTY

0.4 Miles


Avg. Unit Size: -

Year Built: Aug 2018


Rent Type:




Market

OWNER

-



UNIT BREAKDOWN

Studio - - - - - - - - - - -


Totals - 12 100% 1 8.3% - - - - -



Rent Comparables by Bedroom6912-6914 Polk St

Studio Comps

$2,678One Bed Comps

$1,977Two Bed Comps

$2,178Three Bed Comps

$2,646Subject

-

Subject

-

Subject

-

Subject

-

1 Bedroom 2 Bedroom 3 BedroomCurrent Conditions in Rent Comps Studio

Total Number of Units 12 95 83 17

Vacancy Rate 15.4% 4.1% 2.4% 7.1%

Asking Rent Per Unit $2,678 $1,977 $2,178 $2,646

Asking Rent Per SF - $2.48 $2.32 $2.16

Effective Rents Per Unit $2,651 $1,965 $2,170 $2,627

Effective Rents Per SF - $2.47 $2.31 $2.15

Concessions 1.0% 0.6% 0.4% 0.7%

Changes Past Year in Rent Comps Studio 1 Bedroom 2 Bedroom 3 Bedroom

Year-Over-Year Effective Rent Growth 3.2% 1.2% 1.4% 1.7%

Year-Over-Year Vacancy Rate Change

12 Month Net Absorption in Units

10.8%

-1

1.4%

-1 2

-0.6% -2.4%

0

EXISTING UNITS VACANT UNITS

ASKING RENT PER UNIT PER MONTH 12 MONTH NET ABSORPTION IN UNITS


Studio Rent Comparables6912-6914 Polk St

Property Name/Address Rating Studio Rent Per Unit YearQuarterRent/SF

Change in Rent

5817 Jefferson St

Jaclyn Heights I3.6%0.0%-

$2,678

$2,675 $2,708

$1,800 $2,250 $2,700 $3,150 $3,600


One Bedroom Rent Comparables6912-6914 Polk St

Property Name/Address Rating One Bedroom Rent Per Unit YearQuarterRent/SF

Change in Rent

6813-6817 Polk St

Polk Place2.0%0.0%$2.33

$2,152

$1,712 $2,491

5609 Jefferson St

Jaclyn Heights II0.9%0.0%$2.61

$2,053

$1,705 $2,074

309 54th St

321 54th St1.3%0.0%$2.46

$1,852

$1,826 $1,876

5817 Jefferson St

Jaclyn Heights I1.4%0.0%$2.54

$1,743

$1,656 $2,150

5805 Jefferson St

Jaclyn Heights III1.4%0.0%$2.17

$1,637

$1,636

$500 $1,250 $2,000 $2,750 $3,500


Two Bedroom Rent Comparables6912-6914 Polk St

Property Name/Address Rating Two Bedroom Rent Per Unit YearQuarterRent/SF

Change in Rent

309 54th St

321 54th St1.2%0.0%$2.42

$2,272

$2,009 $2,951

5817 Jefferson St


$2,214

$2,174 $2,226

5609 Jefferson St

Jaclyn Heights II1.1%0.0%$2.18

$2,123

$2,106 $2,206

5805 Jefferson St


$1,954

$1,953

$1,000 $1,750 $2,500 $3,250 $4,000


Three Bedroom Rent Comparables6912-6914 Polk St

Property Name/Address Rating Three Bedroom Rent Per Unit YearQuarterRent/SF

Change in Rent

5609 Jefferson St

Jaclyn Heights II1.4%0.0%-

$3,288

5817 Jefferson St


$2,775

309 54th St

321 54th St1.2%0.0%$2.30

$2,644

$2,525 $2,763

5805 Jefferson St


$2,535

$2,534

$1,800 $2,300 $2,800 $3,300 $3,800


Changes in Rent Comparables6912-6914 Polk St

VACANCY CHANGES PAST QUARTER & YEAR

Past QtrLast YearLast QtrNow

Vacancy Levels Change

Property Name - Address Rating Units Past Year

0.8% -0.8%0%1.5%52 0.8%321 54th St - 309 54th St

4.8% 3.3%0%1.4%44 4.8%Jaclyn Heights I - 5817 Jefferson St

10.3% 2.4%0%7.8%37 10.3%Jaclyn Heights II - 5609 Jefferson St

3.9% -0.4%0%4.3%28 3.9%Jaclyn Heights III - 5805 Jefferson St

6.7% 3.3%0%3.3%18 6.7%Polk Place - 6813-6817 Polk St

ASKING RENT CHANGES PAST QUARTER & YEAR - STUDIO


Rents Levels Change


$2,678 3.6%0%$2,58513 $2,678Jaclyn Heights I - 5817 Jefferson St

ASKING RENT CHANGES PAST QUARTER & YEAR - ONE BEDROOM


Rents Levels Change


$1,852 1.3%0%$1,8288 $1,852321 54th St - 309 54th St


$2,053 0.8%0%$2,03630 $2,053Jaclyn Heights II - 5609 Jefferson St

$1,637 1.4%0%$1,6154 $1,637Jaclyn Heights III - 5805 Jefferson St

$2,152 2.0%0%$2,11018 $2,152Polk Place - 6813-6817 Polk St

ASKING RENT CHANGES PAST QUARTER & YEAR - TWO BEDROOM


Rents Levels Change


$2,272 1.2%0%$2,24436 $2,272321 54th St - 309 54th St





Changes in Rent Comparables6912-6914 Polk St

ASKING RENT CHANGES PAST QUARTER & YEAR - THREE BEDROOM


Rents Levels Change


$2,644 1.2%0%$2,6138 $2,644321 54th St - 309 54th St





Rent Trends6912-6914 Polk St

PROPERTY ATTRIBUTES Subject Rent CompsNorth Hudson County 3-5

StarNew York 3-5 Star

Existing Units 13,130 1,287,048

Building Rating

Under Construction as % of Inventory - 13.3% 7.0%

170-

-

3.13.23.2

ASKING RENTS PER SF Subject Rent CompsNorth Hudson County 3-5


Concessions - 0.6% 1.3% 0.9%

AVERAGE EFFECTIVE RENT GROWTH Subject Rent CompsNorth Hudson County 3-5


Current Quarter - 0.0% -0.2% 0.2%

1 Year Rent Growth - 1.4% 4.2% 3.2%

3 Year Rent Growth - 7.0% 7.6% 7.6%

5 Year Rent Growth - 19.9% 12.6% 13.2%

All-Time Average - 4.0% 1.3% 1.9%

Vacancy Rate Subject Rent CompsNorth Hudson County 3-5


Current Quarter - 4.2% 7.3% 2.3%

Last Quarter - 4.2% 7.3% 2.4%

1 Year Ago - 3.1% 8.6% 3.0%

3 Years Ago - 6.9% 3.9% 3.2%

5 Years Ago - 8.4% 9.0% 3.2%



OVERALL ASKING RENT PER SQUARE FOOT

OVERALL EFFECTIVE RENT PER SQUARE FOOT



ANNUAL EFFECTIVE RENT GROWTH

CONCESSIONS



VACANCY RATES

OCCUPANCY RATES



RENT COMPARABLES HISTORICAL DATA BY YEAR

RENT COMPARABLES HISTORICAL DATA BY QUARTER PAST 3 YEARS

Rental Rates Per SF Vacancy

Year Units EffectiveAsking Growth Concessions Units Percent Change Net Absorption

2019 179 $2.35 1.1% 0.6% 9 4.8% 0.5% 0$2.36

2018 179 $2.32 2.1% 0.6% 8 4.4% -0.6% (2)$2.34

2017 127 $2.27 3.2% 0.4% 6 5.0% -1.8% 4$2.28

2016 83 $2.21 3.5% 0.5% 6 6.8% -8.9% 1$2.22

2015 83 $2.13 9.3% 1.2% 13 15.7% 6.4% 8$2.16

2014 65 $1.95 2.1% 1.5% 6 9.2% - 25$1.98

2013 - $1.91 - 0.0% - - - -$1.91

2012 - - - - - - - --

2011 - - - - - - - --

2010 - - - - - - - --

Rental Rates Per SF Vacancy

Quarter Units EffectiveAsking Growth Concessions Units Percent Change Net Absorption

2019 Q3 179 $2.35 0.0% 0.6% 9 4.8% 0.0% 0$2.36

2019 Q2 179 $2.35 0.5% 0.6% 9 4.8% 0.1% 0$2.36

2019 Q1 179 $2.34 0.6% 0.6% 8 4.7% 0.3% (1)$2.35

2018 Q4 179 $2.32 0.3% 0.6% 8 4.4% 0.9% (2)$2.34

2018 Q3 179 $2.32 0.9% 0.6% 6 3.5% 0.3% (1)$2.33

2018 Q2 179 $2.29 1.3% 0.6% 6 3.2% -2.7% 5$2.31

2018 Q1 179 $2.27 -0.4% 1.0% 10 5.8% 0.9% 48$2.29

2017 Q4 127 $2.27 0.5% 0.4% 6 5.0% -3.2% 4$2.28

2017 Q3 127 $2.26 0.9% 0.8% 10 8.2% -4.6% 6$2.28

2017 Q2 127 $2.24 0.9% 1.2% 16 12.8% 5.9% 32$2.27

2017 Q1 83 $2.22 0.9% 0.4% 6 6.9% 0.1% 0$2.24

2016 Q4 83 $2.21 0.5% 0.5% 6 6.8% -0.8% 1$2.22


6912-6914 polk st€¦ · rent comparables summary 6912-6914 polk st no. rent comps 10 avg. rent...

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