QUARTERLY AVERAGE MARIN ASKING RENTS & VACANCY RATES

HISTORICAL ANNUAL MARIN ASKING RENT AVERAGES

500 Drakes Landing Rd. Greenbrae, CA 94904415.877.1077 • mburke@marinapartments.com • Lic #00454938

MICHAEL J BURKE“Marin’s Apartment Specialist”

All StudiosAll 1BRsAll 2BRsAll 3BRsAll MarinAll NovatoAll Central MarinAll Southern Marin

$2,400

$2,300

$2,200

$2,100

$2,000

Data source: Co-Star. Information deemed reliable but accuracy cannot be guaranteed.

UNIT TYPE % 1 YEARCHANGE

# UNITSSURVEYED

AVERAGESQ FT

RENT PERSQ FT

AVERAGERENT

% 2 YEARCHANGE

2nd QUARTER 2018 ASKING RENTS

3Q2016 4Q2016 1Q2017 2Q2017 3Q2017 4Q2017 1Q2018 2Q2018

10%

9%

8%

7%

6%

5%

4%

3%

2%

Quarterly Average Rent

Quarterly Average Vacancy Rate

$2,291 $2,328 $2,354 $2,371 $2,356 $2,365$2,396

$2,448

$1,9

93 $2,1

25 $2,2

48 $2,3

65

$2,4

48

$184

6

$1,6

10 $1,6

87

$1,5

87

$1,4

87

$1,4

74

$1,4

88

$1,5

65 $1,6

73

$1,7

16

$1,6

93

$1,7

08

$1,7

70$2,400

$2,200

$2,000

$1,800

$1,600

$1,4002000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$2,3

28

9115,1525,946850

14,9452,3159,1253,404

607700980

1,278868864839941

$2.57$3.02$2.77$2.82$2.85$2.47$2.76$3.32

$1,471$2,077$2,709$3,604$2,448$2,143$2,289$3,062

2.7%1.7%4.6%3.1%3.2%3.9%2.1%4.1%

5.1%5.1%7.4%

11.4%7.4%8.1%6.7%6.8%

4.6% 4.4% 4.3%3.9%

4.5%4.0% 4.0% 3.8%