national leaders in real estate research annual apartment survey 2007 “are we there yet?” ken...
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- Slide 1
- 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
- Slide 3
- 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
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