Tucson MSA 1st Half 2015 SnapStats
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© DISCLAIMER (C) 2015 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently verified its accuracy. ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics / Census Bureau / Pierce-Eislen / Vizzda / US Chamber of Commerce TUCSON OFFICE | 1650 NORTH KOLB ROAD, STE. 230, TUCSON, AZ 85715 | P: 520.265.1945 | ABIMULTIFAMILY.COM Avg Sales Price Per Unit 100 + Units 10 - 99 Units Avg Yr Blt Avg Yr Blt 1981 1968 10 - 99 Units 100 + Units $114M $24M Transaction Volume SNAP STATS TUCSON MSA OVERVIEW 1H | Avg Effective Rent/Vacancy 1H 2015 Sales Stats 10+ Unit Properties Avg Vacancy Rate y-o-y $55.23 (2014) +10.12% y-o-y $82M (2014) +38.67% y-o-y $60.22 (2014) -19.96% y-o-y $17M (2014) +45.37% y-o-y 1H 2015 $722 8.2% 1H 2014 $707 9.1% $15 (2.1%) 0.9% Avg Effective Rent y-o-y Increase / Decrease TUCSON MSA | MULTIFAMILY | 1ST HALF 2015 Total Population Population Growth (%) Employment Growth (%) Unemployment Rate (%) Median HH Income Median HH Income Growth Per Capita Income Per Capita Income Change 1,007,162 1.1% 1.92% 4.9% $44,612 0.4% $37,063 1.01% ADOA, EBRC Estimate ADOA, EBRC Estimate Civilian Labor Force / Y-o-Y change as of May 2015 2013 Census Estimate Census Estimate 2008 - 2013 New Construction Units Delivered 2011 - YTD 2015 Projection $60.82 $48.20 Avg Price/SF 0 10000 20000 30000 40000 50000 60000 $38,736 1H 2013 1H 2013 1H 2014 1H 2014 1H 2015 1H 2015 0 5000 10000 15000 20000 25000 30000 35000 40000 $28,614 Top 1H 2015 Sales by Price/Unit The Place at Wilmot North Tucson, 180 units $11,300,000 $62,778/unit $79.77/SF Built 1979 Arcadia Park Tucson, 288 Units $17,530,000 $60,868/unit $78.15/SF Built 1980 The Place at Broadway East Tucson, 120 Units $7,000,000 $58,333/unit $74/SF Built 1977 Flower Plaza Tucson, 14 Units $700,000 $50,000/unit $53.85/SF Built 1988 Top 1H 2015 Sales by Price/Unit Granada Tucson, 10 Units $875,000 $87,500/unit $129.08/SF Built 1908 Bermuda Tucson, 12 Units $789,990 $65,833/unit $65.16/SF Built 2000 0 300 600 900 1200 1500 1,150 1,294 989 1,206 2012 2013 2014 2015 Avg Year Built
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Transcript of Tucson MSA 1st Half 2015 SnapStats
©
DISCLAIMER (C) 2015 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently verified its accuracy. ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics / Census Bureau / Pierce-Eislen / Vizzda / US Chamber of Commerce
TUCSON OFFICE | 1650 NORTH KOLB ROAD, STE. 230, TUCSON, AZ 85715 | P: 520.265.1945 | ABIMULTIFAMILY.COM
Avg Sales Price Per Unit100+ Units 10-99 Units
Avg Y
r Blt Avg Yr Blt
1981 1968
10 -99 Units100+
Units
$114M $24MTransaction Volume
SNAP STATSTUCSON MSA OVERVIEW 1H | Avg Effective Rent/Vacancy
1H 2015 Sales Stats
10+
Un
it P
rop
ert
ies
Avg Vacancy Rate y-o-y
$55.23 (2014)+10.12% y-o-y
$82M (2014)+38.67% y-o-y
$60.22 (2014)-19.96% y-o-y
$17M (2014)+45.37% y-o-y
1H 2015
$722
8.2%
1H 2014
$707
9.1%
$15 (2.1%)
0.9%
Avg Effect ive Rent y-o-y
Increase / Decrease
TUCSON MSA | MULTIFAMILY | 1ST HALF 2015
Total Population
Population Growth (%)
Employment Growth (%)
Unemployment Rate (%)
Median HH Income
Median HH Income Growth
Per Capita Income
Per Capita Income Change
1,007,162
1.1%
1.92%
4.9%
$44,612
0.4%
$37,063
1.01%
ADOA, EBRC Estimate
ADOA, EBRC Estimate
Civilian Labor Force / Y-o-Y change
as of May 2015
2013 Census Estimate
Census Estimate 2008 - 2013
Ne
w C
on
stru
ctio
n
Units Delivered 2011 - YTD 2015 Projection
$60.82 $48.20Avg Price/SF
0
10000
20000
30000
40000
50000
60000
$38,736
1H 2013 1H 20131H 2014 1H 20141H 2015 1H 20150
5000
10000
15000
20000
25000
30000
35000
40000
$28,614
Top 1H 2015 Sales by Price/Unit
The Place at Wilmot NorthTucson, 180 units$11,300,000$62,778/unit$79.77/SFBuilt 1979
Arcadia ParkTucson, 288 Units$17,530,000$60,868/unit$78.15/SFBuilt 1980
The Place at Broadway EastTucson, 120 Units$7,000,000$58,333/unit$74/SFBuilt 1977
Flower PlazaTucson, 14 Units$700,000$50,000/unit$53.85/SFBuilt 1988
Top 1H 2015 Sales by Price/Unit
GranadaTucson, 10 Units$875,000$87,500/unit$129.08/SFBuilt 1908
BermudaTucson, 12 Units$789,990$65,833/unit$65.16/SFBuilt 2000
0 300 600 900 1200 1500
1,150
1,294
989
1,2062012
2013
2014
2015
Avg Year Built
