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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.

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19 th Annual Tampa Bay Multifamily Developers Forum

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  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:

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