North Bay Metro | Research Market Report 1st Quarter 2018
Market Map
Market Facts Region
Submarket
5,000,00
300,000
1.0%
8%
1,000,000
300,000
$50,000
$25,100
Median Age
25.2
35.4
Employment
2,100,100
100,000
Vacancy Rate
2.60%
1.60%
Effective Rent
1,100
5,800
Rent Growth
1.20%
7.60%
Units Built
2545
30
Population Annual 5 Year Change Total Households Median Household
Investment Trends
Market Vacancy Ranking
Marin Metro
Vacancy
Effective Rent
Y- O -Y Change
Marin
1.80%
$1,200
4.10%
Napa
2.60%
$2,600
6.40%
Sonoma
3.60%
$3,500
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Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
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Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
Napa §
Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
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Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
8.50%
Local Apartment Yield Trends
Sonoma
TBD
© Marcus & Millichap | San Francisco 2018
§
Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
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Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
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North Bay Metro | Research Market Report 1st Quarter 2018
Market Maps
Š Marcus & Millichap | San Francisco 2018
1
North Bay Metro | Research Market Report 1st Quarter 2018
Market Trends 1Q18 – 12 – Month Period CONSTRUCTION
Employment Trends
3,440 increase in total employment Y-O-Y
Population
*note: Employed Population
2009
2010
2011
2012
2013
2014
2015
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Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
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Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
2016
UNITS DELIVERED TO MARKET
Completions & Absorptions
EMPLOYMENT
5.4% increase in total employment Y-O-Y §
Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
§
Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
2009 2010 2011 2012 2013 2014 2015 2016 2017
RENTS
AVG EFFECTIVE RENT
Vacancy Rent Trends
50 increase in total employment Y-O-Y §
Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
§
Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since.
2009 2010 2011 2012 2013 2014 2015 2016 2017 Effective Rent
Vacancy
© Marcus & Millichap | San Francisco 2018
Marcus & Millichap | San Francisco 2018
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North Bay Metro | Research Market Report 1st Quarter 2018
Market Forecast Demographic Highlights
5-Year Population Growth
Population Age 18-60
Median Household Income
25% Rent 5-Year Household Growth
Percentage of People With Bachelor’s Degree
Marketing Ranking
Metro
75% Own Incredibly Tight Labor Markets Encouraging Renter Demand; Supply Coming Online
Vacancy
Effective Rent
Y- O -Y Change
Santa Rosa
1.80%
$1,200
4.10%
San Rafael
2.60%
$3,600
7.40%
Vallejo
1.60%
$2,500
8.50%
Mill Valley
2.80%
$1,100
5.10%
Napa
5.60%
$3,500
1.40%
Petaluma
6.60%
$2,500
3.50%
© Marcus & Millichap | San Francisco 2018
Marcus & Millichap | San Francisco 2018
Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum. is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard.
Pricing Trends
TBD
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