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Charles Wayne Consulting Presentation

VIEWS: 5 PAGES: 24

									ORLANDO APARTMENT TRENDS
                2011




CHARLES WAYNE
 CONSULTING
POPULATION GROWTH
ANNUAL EMPLOYMENT GROWTH
      BY PLACE OF WORK (000)
JOB GROWTH BY MONTH
 BY PLACE OF WORK: 2008 – 2010 YTD
M-O-M JOB GROWTH: 2010
   BY PLACE OF WORK: 23,300 Y-T-D
UNIT CLOSINGS
 $388,700
            CLOSING PRICES
            $349,000


     SF: -41%          $295,800


            $249,600              $247,700
$240,500
                       $220,800              $229,500



                                  $169,300
                                             $156,900


     MF: -37%


2006 Q4     2007 Q4    2008 Q4    2009 Q4     2010 Q3
AVERAGE ANNUAL DEMAND
                 2011 - 2015




 30.4%   22.5%     22.3%       22.5%   22.8%
OWNERS vs RENTERS

   Owners


        67%


              33%


                    Renters
% RENTER DEMAND BY TYPE

           1+ Attached
                               SF
   2-4 Units      5%
               13%       28%

                           4%
                                    Mobile Homes
                 50%


          5+ Units
     CONVERSION LOSS
   -140 PROJECTS / -39,000 UNITS


Apartments

             74%

                   26%

                         Condos
APARTMENT
COMPLEXES
RENTABLE UNITS
    +1,500
RENTABLE UNITS BY BRs
                    1BR


              33%


                      2%    Studio
                      3%
                             4BR
        47%     15%

  2BR
                           3BR
UNITS UNDER CONSTRUCTION
OCCUPANCY
OCCUPANCY BY YEAR BUILT
VACANCY vs UNEMPLOYMENT
ANNUAL UNIT ABSORPTION
 RENT GROWTH: 2003-2010


$544                $869
MEDIAN RENTS: 2000-2010
    TOP
PERFORMERS
 $1.20 - $2.15




   Urban
  Lifestyle
  Projects
    TRENDS

          Land Supply ?
          Land Values?
          Occupancies?


?
          Rents?
          Incentives?
          New Units?
          Urban Town Centers?
          TOD Developments?
          Student Housing?
        CHARLES WAYNE
         CONSULTING

DSpradley@CharlesWayne.com

								
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