CHARLES WAYNE CONSULTING, INC. The State of Orlando’s 2011 & BEYOND Rental Apartment Market PRESENTED BY: DARYL SPRADLEY.

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Presentation transcript:

CHARLES WAYNE CONSULTING, INC. The State of Orlando’s 2011 & BEYOND Rental Apartment Market PRESENTED BY: DARYL SPRADLEY

RECOVERY RECESSION OVER SUPPLY EXPANSION DEVELOPMENT CYCLES

POPULATION GROWTH

JOB GROWTH

OVER SAME MONTH OF PRIOR YEAR

SF & MF UNIT CLOSINGS

SF & MF CLOSING PRICES

ANNUAL DEMAND APARTMENTS ~ SF ~ MF:

APARTMENT MARKET DRIVERS Historically low levels of new apartment construction High move-ins due to foreclosures Evidence of “unbundling” Weak consumer confidence Renters by choice

% RENTER DEMAND BY TYPE

APARTMENT COMPLEXES

RENTABLE UNITS +1,173 RENTABLE UNITS

APARTMENT UNITS UNDER CONSTRUCTION

APARTMENT OCCUPANCY

SUPPLY / DEMAND DYNAMICS

VACANCY vs UNEMPLOYMENT

APARTMENT DEVELOPMENT PATTERNS

LAKE MARY ~ HEATHROW

TOD STATIONS ZONES

EAST ORLANDO ~ UCF

SW ORANGE ~ HORIZON WEST

OSCEOLA COUNTY

LAKE NONA ~ MEDICAL CITY

TOP PERFORMERS Suburban Style Projects $ $1.20

TOP PERFORMERS Urban Lifestyle Projects $ $2.00+

URBAN RENTERS

TRENDS Land Supply ? Land Values? Rent Growth? Rent Incentives? Trendy Units? Hot Amenities? Urban Town Centers? TOD Developments? ?

CHARLES WAYNE CONSULTING, INC.