abi multifamily phoenix metro 1q 2015 snap stats

© DISCLAIMER (C) 2015 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently veriﬁed its accuracy. ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and ﬁtness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics / Census Bureau / Pierce-Eislen / Vizzda / US Chamber of Commerce PHOENIX OFFICE | 4715 N 32ND STREET, STE. 105, PHOENIX, AZ 85018 | P: 602.714.1400 | ABIMULTIFAMILY.COM Avg Sales Price Per Unit 100 + Units 10 - 99 Units Avg Price/SF Avg Yr Blt Avg Yr Blt 1989 1973 10 - 99 Units 100 + Units $619M $56M Transaction Volume SNAP STATS PHOENIX MSA OVERVIEW 1Q | Avg Effective Rent/Vacancy 1Q 2015 Sales Stats 10+ Unit Properties Avg Vacancy Rate y-o-y 1Q 2015 $758 5.2% 1Q 2014 $710 6.1% $48 0.9% Avg Effective Rent y-o-y Increase / Decrease PHOENIX MSA | MULTIFAMILY | 1Q 2015 Total Population Population Growth (%) Employment Growth (%) Unemployment Rate (%) Median HH Income Median HH Income Change Per Capita Income Per Capita Income Change 4,404,888 1.53% 3.0% 5.5% $55,250 0.96% $38,745 0.67% ADOA, EBRC Estimate ADOA, EBRC Estimate y-o-y growth as of Feb 2015 ABI Estimate ABI Estimate New Construction 73% y-o-y decrease Units Delivered 1Q 2015: 220 | 1Q 2014: 826 $113.49 $69.13 Avg Price/SF 0 20000 40000 60000 80000 100000 $91,494 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 0 10000 20000 30000 40000 50000 60000 $52,952 Top 1Q 2015 Sales by Price/Unit Domus Phoenix, 223 units $51,550,000 $231,166/unit $297.68/SF Built 2014 Indigo Phoenix, 101 units $18,100,000 $179,208/unit $143.35/SF Built 2014 Trillium North Phoenix, 274 units $42,487,000 $155,062/unit $160.52/SF Built 2012 Arcadia Park Place Phoenix, 13 Units $1,300,000 $100,000/unit $58.14/SF Built 1964 Top 1Q 2015 Sales by Price/Unit Dolce Villagio Townhomes Tempe, 37 units $7,000,000 $189,189/unit $132.95/SF Built 2007 Chester Place Lofts Phoenix, 11 units $1,650,000 $150,000/unit $145.57/SF Built 2008 Transaction = 0 1000 2000 3000 4000 5000 220 4,527 615 3,569 1,668 2011 2012 2013 2014 2015 826

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Page 1: ABI Multifamily Phoenix Metro 1Q 2015 Snap Stats

DISCLAIMER (C) 2015 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently verified its accuracy. ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics / Census Bureau / Pierce-Eislen / Vizzda / US Chamber of Commerce

PHOENIX OFFICE | 4715 N 32ND STREET, STE. 105, PHOENIX, AZ 85018 | P: 602.714.1400 | ABIMULTIFAMILY.COM

Avg Sales Price Per Unit100+ Units 10-99 Units

Avg Price/SF

Avg Y

r Blt Avg Yr Blt

1989 1973

10 -99 Units100+

Units

$619M $56MTransaction Volume

SNAP STATSPHOENIX MSA OVERVIEW 1Q | Avg Effective Rent/Vacancy

1Q 2015 Sales Stats

10+