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  • SG Research Report Apt Q409

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    siegelgallagher
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    In an effort to better inform our clients regarding the market, Siegel-Gallagher has compiled quarterly market reports on some of the key topics in this industry. The reports, with data extrapolated from our own research, from the research of Reis, and from the market reports from Xceligent, is broken into three categories: Office, Retail, and Apartment. You can view these all on our website at www.sg-re.com.

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    In an effort to better inform our clients regarding the market, Siegel-Gallagher has compiled quarterly market reports on some of the key topics in this industry. The reports, with data extrapolated from our own research, from the research of Reis, and from the market reports from Xceligent, is broken into three categories: Office, Retail, and Apartment. You can view these all on our website at www.sg-re.com.

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    22 vues1 page

    SG Research Report Apt Q409

    Transféré par

    siegelgallagher
    In an effort to better inform our clients regarding the market, Siegel-Gallagher has compiled quarterly market reports on some of the key topics in this industry. The reports, with data extrapolated from our own research, from the research of Reis, and from the market reports from Xceligent, is broken into three categories: Office, Retail, and Apartment. You can view these all on our website at www.sg-re.com.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    Siegel-Gallagher | 700 North Water Street | Milwaukee, WI 53202 | 414.225.9700 | www.sg-re.

    com

    2009 Milwaukee Apartment Investor


    Q4 RESEARCH REPORT
    Milwaukee Apartment Vacancy Rate Trends and Forecasts (source REIS) Apartment Inventory Growth Rates Comparison (source REIS)

    % CHANGE IN GROWTH RATE


    0.35%
    8.00%
    % CHANGE IN VACANCY

    7.00% 0.30%

    6.00% 0.25%

    5.00% Milwaukee 0.20% 3Q09


    Midwest 4Q09
    4.00%
    US 0.15% YTD Avg
    3.00%
    0.10%
    2.00%
    0.05%
    1.00%

    0.00% 0.00%
    2004 2005 2006 2007 2008 2009 Milwaukee Midwest US

    YEAR GEOGRAPHY

    Milwaukee Asking Apartment Rent (source REIS) Milwaukee Apartment Inventory (source REIS)

    $850.00 100000

    $845.00 90000
    TOTAL SQUARE FEET

    80000
    $840.00
    70000
    QUARTER

    $835.00 Milw aukee Inventory Vacant Stock


    60000
    Milw aukee Inventory Completions
    $830.00 50000
    Milw aukee Inventory Occupied Stock
    $825.00 40000
    30000
    $820.00
    20000
    $815.00
    10000
    $810.00 0
    1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09

    ASKING RENT QUARTER

    Points of Interest From Reis Milwaukee Net Apartment Absorption (source REIS)
    • P reliminary fourth quarter data puts the year-end 2009
    400
    vacancy rate at 5.0%, unchanged from the previous
    quarter and up just 10 basis points from mid-year. 200
    • Net absorption had been sharply negative from
    SQUARE FEET

    January to June at minus 907 units. 0


    1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09
    • Reis is predicting negative net absorption for 2010, however, the vacancy
    -200
    rate is expected to approach the vicinity of 6.0% before leveling off.
    • According to preliminary fourth quarter data, the average -400
    asking rent increased 0.4% in the fourth quarter to $826
    per month, but was down 1.7% from a year earlier. -600
    • A 4.6% asking rent decrease had been forecast or all of 2009,
    by far the worst ever in a market that for years had mostly small -800

    rent increases and, occasionally, very small declines. QUARTER

    YOUR INVESTMENT GROUP

    Patrick Gallagher, CCIM Jason Hernandez Gordy Welch


    pgallagher@sg-re.com jhernandez@sg-re.com gwelch@sg-re.com
    414.270.4108 414.270.4118 414.270.4115
    All information gathered in this report was accumulated through research agencies including Reis and Xceligent. Although we feel all of this information is accurate, please make no assumptions to its completeness.
    We do not guarantee this data and any errors or incompleteness will not hold us liable. Many thanks to Reis, Xceligent, and other agencies for their research.

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