RubinBrown Apartment Stats 2018

AVERAGE MONTHLY RENT PER UNIT

2014

2013

$1,400

38

45

$1,246

279

263

$1,200

$949

$897

$1,000

$806

$806

$780

$780

$800

942

909

4.00

4.00

$600

$400

86.2%

85.8%

2017

2016

2015

2014

2013

47.8%

45.9%

ECONOMIC OCCUPANCY

A

B

C

A

B

C

100%

90%

$9,666

$10.26 (0.94) (0.10) (0.37)

100.0%

$9,358

$10.30 (1.00) (0.13) (0.33)

100.0%

80%

(887)

-9.2% -1.0% -3.6% 86.2% 10.7%

(908) (121) (303) 8,026 1,088

-9.7% -1.3% -3.2% 85.8% 11.6%

70%

(90)

60%

(349)

8,340 1,039

$8.85

8.84 1.20

50%

1.10

40%

$9,379

$9.95

96.9%

$9,114

$10.04

97.4%

30%

20%

10%

$981

$1.04

10.1%

$939

$1.03

10.0%

0%

92.1% 93.7%

90.0% 90.7%

89.1% 87.3%

90.8% 86.2%

88.6% 2013 85.8%

427 139 395 665

0.45 0.15 0.42 0.71

4.4% 1.4% 4.1% 6.9%

438 153 419 664

0.48 0.17 0.46 0.73

4.7% 1.6% 4.5% 7.1%

2017

2016

2015

2014

GROSS POTENTIAL RENT V.S. NET OPERATING INCOME PER SQUARE FOOT

1,035

1.10

10.7%

1,050

1.16

11.2%

267 900

0.28 0.95 0.09

2.8% 9.3% 0.8%

311 841 120

0.34 0.93 0.13

3.3% 9.0% 1.3%

$8.08 $16.09

2017

82

$5.99 $12.07

2016

$4,891

$5.19

50.5%

$4,935

$5.43

52.7%

$5.62 $11.62

2015

$4,488

$4.76

46.4%

$4,179

$4.61

44.7%

$4.76 $10.26

2014

$4.61 $10.30

2013

NET OPERATING INCOME

GROSS POTENTIAL RENT

Market Rate

13