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14490 full.pdf - Georgia Department of Community Affairs

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YEAR OF<br />

PROJECT OPENING<br />

NUMBER OF<br />

PROJECTS<br />

MARKET RATE MULTIFAMILY<br />

CONSTRUCTION TRENDS<br />

ALBANY, GEORGIA<br />

SITE EFFECTIVE MARKET AREA<br />

MAY 2002<br />

NUMBER OF<br />

UNITS<br />

PERCENT<br />

DISTRIBUTION<br />

CUMULATIVE<br />

UNITS<br />

MAY 2002<br />

VACANCY<br />

RATE<br />

Before 1970 7 862 18.3%<br />

862 7.2%<br />

1970 - 1974 15 1351 28.7%<br />

2213 5.0%<br />

1975 - 1979 4 634 13.5%<br />

2847 3.8%<br />

1980 - 1984 5 392 8.3%<br />

3239 3.3%<br />

1985 - 1989 4 219 4.7%<br />

3458 4.1%<br />

1990 1 144 3.1%<br />

3602 4.9%<br />

1991 0 0 0.0%<br />

3602<br />

1992 0 0 0.0%<br />

3602<br />

1993 0 0 0.0%<br />

3602<br />

1994 2 90 1.9%<br />

3692 2.2%<br />

1995 4 520 11.1%<br />

4212 1.2%<br />

1996 0 0 0.0%<br />

4212<br />

1997 1 176 3.7%<br />

4388 4.0%<br />

1998 2 220 4.7%<br />

4608<br />

1999 0 0 0.0%<br />

4608<br />

2000 0 0 0.0%<br />

4608<br />

2001 1 96 2.0%<br />

4704 1.0%<br />

2002* 0 0 0.0%<br />

4704<br />

TOTAL: 46<br />

4704 100.0 %<br />

AVERAGE ANNUAL RELEASE OF UNITS 1997 - 2001: 98.4<br />

* THROUGH MAY 2002<br />

V-3<br />

4704<br />

0.0%<br />

0.0%<br />

0.0%<br />

0.0%<br />

0.0%<br />

0.0%<br />

0.0%<br />

0.0%<br />

4.2%

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