|
EKIHBTE I
<br />The CMA has seen strong rent growth in recent years as the
<br />MACROMARKET
<br />METRICS
<br />-OCCUPANCY AND RENTS
<br />ecovovey strengthens. Iv 2016 rental rztes in theCMA
<br />ORANGE
<br />COUNTY
<br />mereased by over 12%($97). Addltlonally, 2016 nominal
<br />2000 THROUGH THHtD QUARTER 2017
<br />and per square coot cents exceed pilnr 2008 peck's rents.
<br />Yaluea
<br />Historkal
<br />AmmlAverage 1-Year
<br />ino0
<br />2000
<br />2001
<br />2002
<br />20N
<br />2004
<br />2005
<br />2006
<br />2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />2012
<br />2013
<br />W14
<br />2015 W16 5-Yr MYr 15-Yr 3Q16 3Q17
<br />Job Gramtk
<br />Orage County
<br />32%
<br />I
<br />-D7%
<br />1.9%
<br />20%
<br />24%
<br />19%
<br />-02%
<br />-20%
<br />-71%
<br />-12%
<br />12%
<br />27%
<br />27%
<br />23%
<br />32% 23%
<br />Aaki,Rat($)
<br />Sami Am
<br />974
<br />lbM
<br />1,055
<br />1,070
<br />1,092
<br />1,142
<br />1,245
<br />1,315
<br />1,336
<br />1,28E
<br />1,216
<br />1,267
<br />1,30
<br />1,376
<br />1,45D
<br />1,544 1,629 1,653 1,7oo
<br />GNr
<br />61%
<br />20%
<br />14%
<br />21%
<br />46%
<br />82%
<br />64%
<br />1.6%
<br />41%
<br />-28%
<br />17%
<br />32%
<br />52%
<br />54%
<br />64% 124% 52% 28% 3.1% Y/Y_ 28%
<br />CMA
<br />1,114
<br />1,168
<br />1,1M
<br />1,200
<br />1,2M
<br />1,302
<br />1,421
<br />1,518
<br />1,562
<br />1,502
<br />1,466
<br />1,475
<br />1,519
<br />1,585
<br />1,667
<br />1,773 1,870 1,895 1,957
<br />GNr
<br />48%
<br />14%
<br />14%
<br />29%
<br />5.5%
<br />93%
<br />67%
<br />29%
<br />-3.8%
<br />-24%
<br />07%
<br />29%
<br />43%
<br />52%
<br />64% 12.2% 49% 28% 32% Y/Y_ 33%
<br />Orange County
<br />1,101
<br />1,168
<br />1,1%
<br />1207
<br />1,211
<br />1,309
<br />1,399
<br />1,454
<br />1,520
<br />1,457
<br />1,430
<br />1,451
<br />1,502
<br />1,50
<br />1,651
<br />1,751 1,844 I'M5 1,924
<br />GNr
<br />5.8%
<br />1.9%
<br />14%
<br />28%
<br />5.5%
<br />69%
<br />61%
<br />24%
<br />41%
<br />-1.9Ye
<br />1.5%
<br />3.5%
<br />45%
<br />52%
<br />61% 11.7% 49% 28% 3.1% AN 3.1%
<br />Aakmg Rent (PSF)
<br />Sami Ana
<br />$120
<br />$127
<br />$129
<br />$131
<br />$134
<br />$140
<br />$150
<br />$158
<br />$161
<br />$1 Al
<br />$150
<br />$153
<br />$157
<br />$161
<br />$174
<br />$184 $194 5.f% 26% 29% $197 UO3
<br />CMA
<br />$128
<br />$1 M
<br />$136
<br />$137
<br />$141
<br />$149
<br />$1 62
<br />$1 71
<br />$176
<br />$10
<br />$1 65
<br />$1 %
<br />$1 70
<br />$1 78
<br />$1 87
<br />$1 98 FUORJ 4 W. 26% 30% $212 $219
<br />Orange County
<br />$129
<br />$136
<br />$139
<br />$141
<br />$145
<br />$153
<br />$10
<br />$173
<br />$176
<br />$10
<br />$166
<br />$10
<br />$174
<br />$181
<br />$190
<br />$201 $212 47% 27% 30% $214 $221
<br />O¢vpan,
<br />Santa Ana
<br />97%
<br />97%
<br />96%
<br />96%
<br />96%
<br />96%
<br />96%
<br />96%
<br />95%
<br />91%
<br />95%
<br />95%
<br />95%
<br />%%
<br />95%
<br />96% 96% 96% 95% 96% 96% 97%
<br />CMA
<br />97%
<br />96%
<br />96%
<br />96%
<br />96%
<br />96%
<br />95%
<br />95%
<br />94%
<br />93%
<br />94%
<br />95%
<br />95%
<br />%%
<br />95%
<br />96% 96% 95% 95% 95% 96%
<br />Oma,County
<br />9 %
<br />96%
<br />95%
<br />95%
<br />95%
<br />95%
<br />96%
<br />95%
<br />WN
<br />93%
<br />9 %
<br />9 %
<br />WA
<br />95%
<br />95%
<br />95% 96% 95% 95% 95% 96% 95%
<br />l6%
<br />Rat Gamvtb(bar) and Job Gaon (fie)
<br />12-A
<br />8%
<br />-
<br />4%
<br />LL
<br />k%
<br />8%
<br />2001 20a2 2W3 20M 2W5 206 2007 2008 2W9 2010 2011 2012 2013 2014 2015 2016 3Q17
<br />®OwgeCmb(bftms) oCb1A oSmp Ana -O ,C nJaa Gow
<br />Sowce_ Jobs-BLS,Aparhnat-C tar(fa Al marketretepmjM .fl0�ni6oumore)
<br />1759000Macro Rat
<br />11/12/17
<br />THE CONCORD GROUP
<br />12
<br />60A-23
<br />
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