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18 th Annual Tampa Bay Multifamily Developers Forum

Bay Area Apartment Association & TRIAD Research & Consulting, Inc. “The Tampa Bay Rental Multi-Family Market : New Construction Returns”. 18 th Annual Tampa Bay Multifamily Developers Forum. Tampa Westshore Marriott Hotel November 28 th , 2012 Sponsored by:. HISTORICAL EMPLOYMENT TRENDS.

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18 th Annual Tampa Bay Multifamily Developers Forum

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  1. Bay Area Apartment Association & • TRIAD Research & Consulting, Inc. “The Tampa Bay Rental Multi-Family Market : New Construction Returns” 18th Annual Tampa Bay Multifamily Developers Forum Tampa Westshore Marriott Hotel November 28th , 2012 Sponsored by:

  2. HISTORICAL EMPLOYMENT TRENDS

  3. SINGLEFAMILYPERMITTRENDS

  4. MULTIFAMILYPERMITTRENDS

  5. OCCUPANCYTRENDS triad

  6. RENTAL PRICING TRENDS

  7. 2012-13 TAMPA BAY AREAPIPELINE & NEW CONSTRUCTION REPORT

  8. BAYAREAPIPELINE

  9. HILLSBOROUGHPIPELINE

  10. PINELLASPIPELINE

  11. PASCOPIPELINE

  12. POLKPIPELINE

  13. RENTAL HOUSING DEMAND NEW DYNAMICS OF THE METHODOLOGIES OF PROJECTING RENTER DEMAND SUPPLYLACK OF SUPPLY – LIMITED NEW CONSTRUCTION - CONTINUED SHIFT FROM OWNERSHIP TO RENTAL HOUSING INCOMESADJUSTED HH INCOMES - JOB LOSS (REDUCED HH INCOME) – SAVINGS LOSS - CREDIT LOSS CONSUMERS ADJUSTED HOUSING CHOICES – INCOME DRIVEN CHOICES – - BETTER LOCATIONS – LESS COMMUTING – URBAN/SUBURBAN 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.

  14. BAYAREAMULTIFAMILYTRENDS HILSUBURBAN LAND OPPS IN BRANDON, WESTCHASE & SOUTH COUNTY – ACTIVE NEW CONS WESTCHASE IN BRANDON & WESTSHORE & TAMPA PALMS & DOWNTOWN – COMPLETE, MARKET RECOVERY HAPPENING NOW PINCONS IN GATEWAY & URBAN ST PETE – RESTABILIZING, MARKET RECOVERY HAPPENING NOW - LIMITED NEW SITES FOR CONS POTENTIAL PASONLY ACTIVE NEW CONS SR 54 – NEW DEMAND EXPANDING OUT OF DISTRESSED DRI’s – OPP IN MID COUNTY & WESLEY CHAPLE - MARKET RECOVERY HAPPENING NOW POLLAND AVAIL/AFFORD FOR FUTURE PIPELINE – NO NEW CONS - NO ACTIVITY AT THIS TIME DUE LOWER OCC & FINANCING DIFFICULTIES & NO RENT GROWTH 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-NORTH PORT- UNIV PKWY – MARKET NOW IN RECOVERY – LAND EXPENSIVE – OCC & RENT GROWTH MODERATE GLOBAL TRENDSNEW CONST RETURNING BUT SLOWED BY FINANCING – DEMAND CONTINUING TO GROW DUE TO DISTRESS SF & ECONOMIC TIMES - RECOVERY TO 94%-95% HAPPENING NOW – REGION STRONGER THAN MOST OF FLORIDA - FINANCING THE CHALLENGE – PLAYERS W/$$ WILL PLAY – GOOD OPPORTUNITIES FOR 24-48 MONTHS

  15. Bay Area Apartment Association & • TRIAD Research & Consulting, Inc. THANK YOU 18th Annual Tampa Bay Multifamily Developers Forum Sponsored by:

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