103 NE 59th St 103 NE 59th St OM - Final | Page 24

APARTMENT MARKET
Apartment Market Overview - Miami-Dade
CHANGE IN SALES BY TOTAL ($)
SALES BY TOTAL ($)
Rolling 12-mo. Total
Sales C hange
1,800,000,000
200.0%
1,600,000,000
150.0%
APARTMENT MARKET OVERVIEW
Quarterly Vol
• Analysts expect investor demand for
Multifamily rental properties to remain strong
in 2018 and beyond.
• As of early December Multifamily sales in the
Tri-County region totaled $4.25 billion.
• Rents, meanwhile, have been rising quickly
over the past five years with average rental
rate increase by 26 percent.
1,400,000,000
100.0%
1,200,000,000
50.0% 1,000,000,000
0.0% 800,000,000
600,000,000
-50.0%
400,000,000
-100.0%
Q1 '13
Q1 '14
Q1 '15
Q1 '16
Q1 '17
200,000,000
0
Q1 '13 Q1 '14 Q1 '15 Q1 '16 Q1 '17
AVG PRICE ($ / UNITS)
Selected Filters
AVG CAP RATE (YIELD)
Selected Filters
Benchmark
200,000
12.0%
180,000
11.0%
160,000
140,000 10.0%
120,000 9.0%
100,000 8.0%
80,000
7.0%
60,000
6.0%
40,000
5.0%
20,000
0
Q1 '13
Benchmark
Q1 '14
Q1 '15
Q1 '16
103 NE 59TH STREET | OFFERING MEMORANDUM
Q1 '17
4.0%
3.0%
Q1 '13
Q1 '14
Q1 '15
Q1 '16
Q1 '17
COLLIERS INTERNATIONAL P. 24