Phoenix Market Leaders Report | February 2020

Page 14

The Standard

75

West 6th

81

SALT

51

6811 E Main St. Scottsdale, AZ

88

1115 West 6th St. Tempe AZ

95

260 E Rio Salado Pkwy. Tempe AZ

64

Experiencethestandard.com

51

West6thtempe.com

70

Salt-tempe.com

68

Trinsic Residential

DE V E LOPER

DEVELOPER

OliverMcMillan

BUI LT

2016

BU ILT

2011

BUILT

2017

UNI TS

134

U NITS

375

UN ITS

265

3

STOR I ES REVITALIZATION

14

Zaremba Group

D EVELOPER

22 & 30

STO R IES

48%

REVITALIZATION

4 & 5

STORIES

44%

REVITALIZATION

55%

1-MILE HH INCOME

$97,356

1-MILE HH INCOME

$62,125

1-MILE HH INCOME

$65,212

RENT/INCOME RATIO

25%

RENT/INCOME RATIO

42%

RENT/INCOME RATIO

38%

OCCUPANCY

98%

OCCUPANCY

96%

OCCUPANCY

94%

CO NC ESS I O N S

None

CO NCESSIO NS

CON CESSION S

None

Floorplan

SF

Rent

Rent/SF

STUDIOS

N/A

N/A

N/A

1 BED

669

$1,703

2 BED

1,096

3 BED Average

Up to 4 Weeks

Floorplan

SF

Rent

Rent/SF

Floorplan

SF

Rent

Rent/SF

STUDIOS

486

$1,369

$2.82

STUDIOS

698

$1,586

$2.27

$2.55

1 BED

672

$1,696

$2.58

1 BED

907

$1,863

$2.05

$2,350

$2.14

2 BED

1,185

$2,353

$1.99

2 BED

1,175

$2,331

$1.98

1,665

$5,430

$3.26

3 BED

1,607

$3,458

$2.07

3 BED

1,620

$3,238

$2.00

841

$2,013

$2.39

Average

1,025

$2,180

$2.13

Average

1,009 $2,058

$2.04


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