Views
2 weeks ago

RCG 17 Guide to Markets FINAL[1]

SECTION 2 | METRO

SECTION 2 | METRO FORECAST SUMMARIES Metro: Suburban Maryland Benchmark: Red 49 Payroll Job Summary Total Payrolls (4Q17) 1,024,700 4Q17 Year-on-Year Change 17,000 / 1.69% RCR 2018 Forecast 15,000 / 1.46% RCR 2019 Forecast 10,000 / 0.96% RCR 2020 Forecast 8,100 / 0.77% RCR 2021 Forecast 7,500 / 0.71% Payroll Job Summary Total Payrolls (4Q17) 75,856,600 4Q17 Year-on-Year Change 1,287,000 / 1.73% RCR 2018 Forecast 1,587,500 / 2.09% RCR 2019 Forecast 1,128,900 / 1.46% RCR 2020 Forecast 916,200 / 1.17% RCR 2021 Forecast 999,000 / 1.29% Occupancy Rate Summary 4Q17 Occupancy Rate (Reis) 96.16% Occupancy Rate Summary Occupancy Rate (Reis) 95.44% RED 49 Rank 12 Annual Chg. (Reis) 0.0% RCR YE18 Forecast 96.5% RCR YE19 Forecast 96.6% RCR YE20 Forecast 96.9% RCR YE21 Forecast 97.2% Annual Chg. (Reis) -0.4% RCR YE18 Forecast 95.0% RCR YE19 Forecast 95.2% RCR YE20 Forecast 95.2% RCR YE21 Forecast 95.2% Effective Rent Summary Mean Rent (Reis) $1,481 Annual Change 1.9% Effective Rent Summary Mean Rent (Reis) $1,342 Annual Change 3.9% RED 49 Rent Change Rank 42 RCR YE18 Forecast 2.8% RCR YE19 Forecast 3.1% RCR YE20 Forecast 2.8% RCR YE21 Forecast 3.0% RCR YE18 Forecast 3.8% RCR YE19 Forecast 3.4% RCR YE20 Forecast 3.1% RCR YE21 Forecast 3.2% Total Return Summary Expected Total Return 7.13% Total Return Summary Avg. Expected Total Return 6.97% ETR RED 49 RANK 25 Risk-adjusted Index (RAI) 5.14 Risk-adjusted Index (RAI) 4.16 RAI RED 49 RANK 9 Generic Purchase Cap Rate 5.40% Derived Terminal Cap Rate 6.15% Average Purchase Cap Rate 5.21% Average Terminal Cap Rate 5.79% 108

SECTION 2 | METRO FORECAST SUMMARIES Suburban Maryland Occupancy Rate History and Forecast Souces: Reis, Inc. History and RCR Forecasts RED 49 Occupancy Rate Suburbn Maryland Occupancy Rate 98% 97% 96% 96.2% 96.5% 96.6% 96.9% 97.2% 97.5% 95% 94% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 Suburban Maryland Rent Growth History and Forecast Souces: Reis, Inc. History and RCR Forecasts 7% RED 49 Year-On-Year Rent Growth Suburban Maryland Year-On-Year Rent Growth 6% 5% 4% 1.9% 2.8% 3.1% 2.8% 3.0% 3.0% 3% 2% 0% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 Suburban Maryland Payroll Job History and Forecast Souces: BLS History and RCR Forecasts RED 49 Year-On-Year Payroll Growth Suburban Maryland Year-On-Year Payroll Job Growth 4% 3% 2% 1.7% 1.5% 1.0% 0.8% 0.7% 1.0% 1% 0% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 Source data provided by the Federal Housing Administration, unless otherwise noted. 109

2014-8-6-RCG-Margin-Tax-Rpt-FINAL-1
Finals Guide - ECA Marketing
NYCOSH Protecting Worker 1-17-14 FINAL
spring 04 / 17:1 - Grand Canyon River Guides
AU Aug 17 - Final
AU Oct 17 Final
AU March 17 Final
GILMERAVIATIONPRODUCTS Product Catalog Pre-Final Proof PGS 1-17
GILMER AVIATION PRODUCTS Catalog pgs 1-17 Nov3c pre-final
Quick Start Guide 1 Guide de Démarrage Rapide 17
Amherst-Madison-Partners-2017-Relocation-Guide-1-1-17
Skilled-Trades-and-Training-Guide-FINAL-PDF-(1)
appg-booklet-final-17-mar-14-asbestos-in-schools--2-1-
AW 17 ILU final
2016-17 Program Final
bqr 12-1 Final - Grand Canyon River Guides
AU Nov 17 - Final
Guide to funding 2016-17
Global-Priority-Market-Analysis-FINAL-VERSION-1
Visitor Guide 4x9 2017 final 1-11
33Vol. 17 No. 1
Lots 1-17 - SaskLivestock
the-ultimate-guide-to-instagram-marketing-1.original
Loyalist FallWinter 2016-17 Final
(FINAL) Chemistry Notebook 2016-17
VV WEB FINAL April 17
State of the Market Report May 17
MBMagazineQ1201724-01-17-Final
(FINAL) Chemistry Notebook 2016-17
2016-17 Student Hanbook Final