This is a 10 minute audio/video summary of our fall 2009 apartment market and investment review and forecast for the Puget Sound region.
- Just log in to your account and return to this article to view the complete video.
A more detailed discussion of trends and more forecast information is available to subscribers in the October issue of The Apartment Advisor.
Advisor subscribers can also download a PowerPoint presentation of the slides used in this video. Just log in to your account and download the file.
This video uses our recently-completed research on rental market conditions, new development activity, and current apartment investment sales data to provide a new five year forecast for the Puget Sound region.
We discuss trends using 20 slides in this video:
- Apartment vacancy trends over the past few years for the region;
- Sub-market vacancy trends;
- Concessions;
- Overall regional rent trends;
- Rent reductions in the past year based on rent ranges;
- Employment trends in the region (from Conway Pedersen Economics);
- Apartment construction (completions) from 2009 through 2009;
- Apartment price per unit trends since 2000;
- Capitalization rate trends since 2000;
- Apartment sales volume trends since 2000;
- New jobs forecast (2010-2013) from Conway Pedersen Economics;
- Apartment development forecast for the fourth quarter of this year and 2010-2013;
- Net in-migration forecast for 2010-2013 (Conway Pedersen Economics);
- Demographic trends and forecast for a significant renter profile of potential Gen Y households, for the Tri-county market (King, Pierce, Snohomish counties);
- Relationship between apartment rents and incomes;
- A comparison of the trend in the cost to rent compared to the cost to own a condominium;
- Apartment vacancy forecast;
- apartment rent forecasts;
- Net operating income forecast;
- Apartment price forecast.
