1 / 14

19 th Annual Tampa Bay Multifamily Developers Forum

Bay Area Apartment Association & TRIAD Research & Consulting, Inc. “Let the Good Times Roll Buy It…Build It…or Rehab It”. 19 th Annual Tampa Bay Multifamily Developers Forum. Tampa Westshore Marriott Hotel November 20 th , 2013 Sponsored by:. HISTORICAL EMPLOYMENT TRENDS.

abra
Download Presentation

19 th Annual Tampa Bay Multifamily Developers Forum

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bay Area Apartment Association & TRIAD Research & Consulting, Inc. “Let the Good Times Roll Buy It…Build It…or Rehab It” 19th Annual Tampa Bay Multifamily Developers Forum Tampa Westshore Marriott Hotel November 20th , 2013 Sponsored by:

  2. HISTORICAL EMPLOYMENT TRENDS

  3. SINGLEFAMILYPERMITTRENDS

  4. MULTIFAMILYPERMITTRENDS

  5. OCCUPANCYTRENDS

  6. RENTAL PRICING TRENDS

  7. 2013 TAMPA BAY AREAPIPELINE & NEW CONSTRUCTION REPORT

  8. HILLSBOROUGHPIPELINE

  9. PINELLASPIPELINE

  10. PASCOPIPELINE

  11. MANATEE/SARASOTAPIPELINE

  12. RENTAL HOUSING DEMAND NEW DYNAMICS OF THE METHODOLOGIES OF PROJECTING RENTER DEMAND SUPPLYSUPPLY REMAINS UNBALANCED COMPARED TO DEMAND – LIMITED NEW CONSTRUCTION PICKING UP - CONTINUED SHIFT FROM OWNERSHIP TO RENTAL HOUSING FOR LIFESTYLE & CONSUMER CHOICE – BAY AREA NEEDING 3K TO 4K PER YEAR INCOMESADJUSTED HH INCOMES - JOB LOSS (REDUCED HH INCOME) – SAVINGS LOSS - CREDIT LOSS – RENTING MORE AFFORD THAN OWNERSHIP CONSUMERS ADJUSTED HOUSING CHOICES – INCOME DRIVEN CHOICES – - BETTER LOCATIONS – LESS COMMUTING – URBAN/SUBURBAN – LIFESTYLE CHOICES THEORYMETHODOLOGIES OF POP/HH GROWTH, & JOB GROWTH NOW OUT,. NEW DYNAMICS ARE KEEPING DEMAND STRONG – ONLY CURRENT VIABLE METHODOLOGY IS ACTUAL MARKET PERFORMANCE & SHIFTING CONSUMER CHOICES.

  13. BAYAREAMULTIFAMILYTRENDS HILSUBURBAN LAND OPPS IN BRANDON, WESTCHASE, WESTSHORE & DOWNTOWN ACTIVE NEW CONS WESTSHORE. BRANDON & WESTSHORE & \ DOWNTOWN – COMPLETE, MARKET RECOVERY HAPPENING NOW PINCONS IN GATEWAY, CARRILON & URBAN ST PETE – MARKET RECOVERY HAPPENING NOW - URBAN & URBAN/SUBURBAN MOST ACTIVE PASONLY ACTIVE NEW CONS SR 54 – NEW DEMAND EXPANDING OUT OF DISTRESSED DRI’s – OPP IN MID COUNTY & WESLEY CHAPLE - MARKET RECOVERY HAPPENING NOW, AS LAND DIMINISHES MOVEMENT NORTH POLLAND AVAIL/AFFORD FOR FUTURE PIPELINE – NO NEW CONS - NO ACTIVITY AT THIS TIME DUE LOWER OCC & FINANCING DIFFICULTIES MANLAND AVAIL & DEMAND SUPPORTS FUTURE DEV – BENEFIT FROM SOUTHWARD HILLS EXPANSION & PINELLAS BUILDOUT IN THE FUTURE – CONS ACTIVITY IN LWR & I-75 AT THIS TIME – MARKET RECOVERY STRONG SARNEW CONST FINALLY RETURNING DWNTWN & I-75 CORRIDOR – MARKET NOW IN RECOVERY – LAND EXPENSIVE – OCC & RENT GROWTH VERY STRONG GLOBAL TRENDSNEW CONST RETURNING STRONGLY – DEMAND IS STILL CONTINUING TO GROW DUE TO HOUSING SHIFTS & ECONOMIC TIMES - OCC RECOVERY TO 95%-97% & ANNUAL RENTAL REVUEW GROWTH HAPPENING NOW – REGION STRONGER THAN MOST OF FLORIDA - GOOD OPPORTUNITIES FOR 24-48 MONTHS – MOSTLY URBAN & STRONG SUBURBAN.

  14. Bay Area Apartment Association & TRIAD Research & Consulting, Inc. THANK YOU 19th Annual Tampa Bay Multifamily Developers Forum Sponsored by:

More Related