Tri-Cities, Washington Apartment Rental Survey May 2014
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1 Tri-ities, shington Prepared by: EverStar Realty ALL RIGHTS RESERVED. This material is protected under International and Federal opyright Laws and Treaties. Any unauthorized reprint or use of this material is prohibited. No part of this material may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system without express written permission from the publisher.
2 June 4, 2014 Enclosed you will find the 2014 for the Tri-ities area. EverStar Realty is pleased to be resuming the survey, and we will be conducting it twice a year in the and. The last market wide survey was published in September 2011, so you will notice a gap in the data. The information in the survey was gathered by calling each property. In the instances in which we were not able to make direct contact with a property, we gathered information from property websites. The occupancy rates for 2014 are: Kennewick 94% Pasco 95% Richland 92% Please feel free to contact me, by phone or , if you have any questions or suggestions regarding the survey. Thank you to all property personnel who participated. Thank you, Amy Schwantes Portfolio Manager, Multi-family Properties EverStar Realty amy@everstarrealty.com
3 99301 Total Units Year Built % Occ. BDRM # of Unit Monthly Rent Square Feet Rent per SF & App Fee Wtr Grbg Swr W/D WD/ hook Ldry Fac. Pool Jacz Rec Bus. tr Fit tr Heat B or A Wi, Thtr lub hse Garg. vr Pkg Upg. Free Wins Wi fi or Patio Pets Additional Info Red Pines 722 N. Arthur St. #B % 3 $785 $ $0.65 $0.69 $199 $25 B 1/2 mo free Aspen Hills 1 25 $ $ Free mo w/1 mo 1330 W. 10th 2 82 $750 $ $0.75 $0.78 $400 & % B ball lease; $200 pet 3 29 $850 $ $0.71 $0.70 $450 fee; up to 35 lbs rown Village 1 48 $ $ N. Volland 2 40 $ $0.67 $ % $32 B No specials Peppertree Village 1 6 $595 $ $0.79 $ mo lease 1/2 507 N. Arthur St 2 54 $675 $ $0.78 $ % mo free; $300 pet fee; cats only entral Park Apts 1 48 $ $ S. Olympia 2 88 $705 $ $1.01 $1.08 $199 Bball % 3 52 $775 $ $0.86 $0.91 & tenn $25 B 1/2 mo free Lakeside 1 24 $ $ W. learwater Av 2 72 $ $0.67 $ NA 3 24 $ $0.70 $39 B No specials Phoenix Manor 2 80 $685 $ $0.76 $0.64 $ S. Olympia 3 16 $825 $ $0.59 $0.61 $300 Playgrnd cats $200 pet fee; % only Tradewinds 1 9 $ $ N. Edison 2 36 $ $0.62 $ % 3 8 $ $0.66 B $250 pet dep Kennewick Survey 2 of 18
4 99301 Monthly Rent Square Feet Rent per SF Total Year % # of WD/ Ldry Rec Bus. Fit Units Built Occ. BDRM Unit Wtr Grbg Swr W/D hook Fac. Pool Jacz tr tr edars 1 16 $600 $ $0.91 $ W. 1st Place # $ $0.79 $250 2 & % 3 2 $ $0.75 Brm Kamiakin $565 $ $1.01 $1.07 $ W. Metaline $675 $ $0.87 $1.12 $1, & 94% B 3 1 $1, $ Woodland Green 1 16 $ $ S. onway Place 2 16 $ $0.88 $ % 3 16 $ $0.74 $30 Amberbrook 5207 W. Hildebrand Blv 2 72 $700 $ $0.74 $0.77 $ % B Hawaiian Village 1 64 $599 $ $1.04 $ W. 10th Ave $699 $ $0.89 $0.93 $ % B & App Fee Avalon ourt 1 1 $575 $ $1.05 $1.08 $ N. Tweedt 2 24 $625 $ $0.69 $0.72 $ % 3 7 $725 $ $0.68 $0.70 $250 Sunrise Villas 200 S. Union 2 32 $750 $ $0.87 $0.92 $ % Wendover 1 24 $625 $ $0.82 $ N. Volland 2 40 $700 $ $0.82 $0.86 $ % 3 12 $ $0.73 Heat B or A Wi, Thtr lub hse Garg. $70 vr Pkg Upg. Free Wins Wi fi or Patio Pets Additional Info $200 pet fee; cats only deps on sliding scale; $300 pet fee; up to 20 lbs; 8 new units in 2014 $300 pet fee $200 pet fee; cats only Look & lease $49 dep; $200 off 1st month ; $300 pet fee, $10/mo pet $200 pet fee; cats only $200 pet fee; cats only $200 pet fee; cats only Kennewick Survey 3 of 18
5 99301 Monthly Rent Square Feet Rent per SF & App Fee Total Year % # of WD/ Ldry Rec Bus. Fit Thtr lub vr Upg. Free Units Built Occ. BDRM Unit Wtr Grbg Swr W/D hook Fac. Pool Jacz tr tr hse Garg. Pkg Wins Wi fi learwater Bay 1 14 $ $ W. learwater Av 2 42 $ $ ref % 3 14 $1, $ nr B Meadows 1 40 $ $ S. Kent 2 40 $ $0.91 $ % $25 B Woodland Park 1 24 $ $0.88 $ S. Kent 2 57 $ $0.80 $ % 3 23 $ $0.73 $250 $25 ambridge Station B 3216 W. 4th Ave 2 56 $675 $ $0.61 $0.64 $ % learwater Square Stud. 84 $545 $ $1.08 $1.18 $ W. learwater Av 1 48 $645 $ $1.03 $1.11 $ % 2 43 $745 $ $0.99 $1.06 $1,000 $41 B Village at Grandridge $580 $ $0.89 $0.91 $ N. olumbia tr Blv 2 66 $710 $ $0.73 $0.77 $ % Village at Volland 1 24 $ $ W. Hood 2 64 $620 $ $0.73 $ % Highlander 1 76 $625 $ $1.02 $ W. 4th Ave $725 $ $0.76 $0.82 $ % B Heat B or A Wi, or Patio Pets Additional Info 1 bdrm $699; 2 bdrm $799; look & lease, no dep; $300 pet fee; up to 25 lbs 13 mo lease $199 dep, 1/2 off first month's No specials $300 pet fee; 1 pet max; up to 20 lbs $87.50 bond per cat; Sec deps on graded scale from $500 $1K $300 pet fee; up to 40 lbs $300 pet fee; cats only Leasing special is $200 gift card; $300 pet fee Kennewick Survey 4 of 18
6 99301 Monthly Rent Square Feet Rent per SF & App Fee Total Year % # of WD/ Ldry Rec Bus. Fit Thtr lub vr Upg. Free Units Built Occ. BDRM Unit Wtr Grbg Swr W/D hook Fac. Pool Jacz tr tr hse Garg. Pkg Wins Wi fi Irving Place 1 72 $570 $ $0.75 $ N. Irving Place 2 52 $645 $ $0.75 $ % 3 12 $ $0.74 Tanglewood Stud. 12 $ $ N. Arthur 1 40 $ $0.83 $ % 2 28 $ $0.76 B Wi Desert Brook 1 24 $582 $ $0.87 $ fee 3703 W. Kennewick Ave 2 86 $684 $ $0.76 $ dep % $25 On the Boulevard 1 48 $675 $ $0.95 $ Gage Blvd $775 $ $0.77 $0.76 $ & 98% $ $0.75 $0.00 $75 $15 rosspointe 1 40 $ $0.84 Flat Rate $25 for 7803 W. Deschutes $855 $ $0.86 $0.81 $200 1 bdrms; for % 3 40 $1, $0.82 w bdrms; $45 for $100 $25 3 bdrms La Serena@Hansen Prk $819 $ $1.24 $ W. 4th Ave 2 92 $994 $1, $1.03 $0.91 $ % $75 $ enter Pointe Stud. 8 $675 $ $1.21 $ N. Arthur Street 1 26 $727 $ $0.96 $1.12 $ % 2 92 $770 $ $0.85 $ $1, $1.06 $39 Heat B or A Wi, or Patio Pets Additional Info 6 mo. lease special 1/2 off 2nd month's ; $300 pet deposit No specials $300 pet fee $200 pet fee; up to 50 lbs $300 pet fee; $10/mo pet ; up to 100 lbs; tanning bed & basketball $300 pet fee; $100 for additional pets; up to 50 lbs $300 fee cats; $400 fee dogs; up to 25 lbs Kennewick Survey 5 of 18
7 99336 Pasco, WA & App Fee Monthly Rent Square Feet Rent per SF Heat A Total Year % # of WD/ Ldry Rec Bus. Fit B or Wi, Thtr lub vr Upg. Free or Units Built Occ. BDRM Unit Wtr Grbg Swr W/D hook Fac. Pool Jacz tr tr hse Garg. Pkg Wins Wi fi Patio Pets Additional Info Four Ten 1 22 $ $0.81 $ W. Jay St % 2 38 $ $0.61 $0.61 $200 B No specials Pasco, WA Pinecrest Apts 1 10 $ $0.85 $ W. Jay St 2 40 $ $0.88 $300 $400 pet fee; up % B Pasco, WA 3 4 $ $ to 25 lbs $32 Sunset Stud. 42 $ $ W. Shoshone 1 42 $ $1.02 $400 cats % B Pasco, WA 2 30 $ $0.81 only $400 pet dep 3 6 $ $0.67 arjo 1 20 $ $0.84 $ W. Sylvester % 2 17 $ $0.80 $400 Wi No specials Pasco, WA 3 7 $ $0.73 $500 olumbia ourt 1712 N. 24th $ $ B % Pasco, WA 3 28 $ $0.66 BALL $40 B Americana Stud. 36 $ $ N. 24th % 1 60 $ $0.90 $400 B Pasco, WA 2 32 $ $0.80 arriage Square 1 40 $ $ N. 24th % 2 20 $ $0.76 $0.72 $300 B Pasco, WA $45 Legacy Square Apts Stud. 28 $ $0.97 $ N. 24th % 1 28 $ $0.99 $525 B Pasco, WA 2 20 $ $0.76 $ $ $0.61 $725 No specials $300 pet fee; up to 22 lbs $400 pet fee; up to 30lbs $200 pet dep; up to 25 lbs; Pasco Survey 6 of 18
8 99336 Pasco, WA Wtr Grbg Swr W/D WD/ hook Ldry Fac. Pool Jacz 48 Navigator Villas 6212 Road % $925 $1, $0.96 $1.09 $99 Pasco, WA $40 Rent Rent Avg SF Avg Rent/Sq. Ft. Avg Occ. % Avg Studios $400 $470 $ $ % One Bedrooms $525 $870 Monthly Rent Total Year % # of Units Built Occ. BDRM Unit Broadmoor Apts $755 $ $1.00 $ hapel Hill Blvd % $910 $ $0.84 $0.85 $49 Pasco, WA 3 18 $1, $0.91 Stone Gate Apts 1 32 $ $ Road % $ $0.84 $250 Pasco, WA 3 42 $ $0.79 $30 Villages at hapel Hill 6305 hapel Hill Blvd % 2 52 $695 $ $0.72 $0.84 $600 Pasco, WA 3 32 $895 $1, $0.71 hapel Hill 1 96 $775 $ $0.86 $0.83 $ hapel Hill Blvd $900 $1, $0.77 $0.82 $250 Pasco, WA 300 & 95% 3 84 $1,030 $1, $0.74 $0.88 $ $640 Square Feet Rent per SF & App Fee 722 Rec $0.89 Bus. tr Fit tr Heat B or A Wi, Thtr lub hse Garg. vr Pkg $50 $20 B $65 $85 $120 $25 Upg. Free Wins Wi fi or Patio Pets cats only Additional Info $300 pet fee; up to 22 lbs 2 bdrm (1/2mo free w/6 mo; 1 mo free w/12 mo; $300 pet fee; up to 25 lbs $99 dep special; $200 off if lease same day; 1 mo free select flrplans; $300 pet dep; $30/mo pet Free mo on certain units; $300 pet fee; $15/mo pet *Based on information received in telephone survey performed in by EverStar Realty. The information contained herein has been obtained from sources we deem reliable. However, we do not guarantee its accuracy. Special $250 up to half mo free; $250 pet dep Two Bedrooms $625 $1,125 $ $0.80 **Pet deposit may be refundable if there is no pet damage. Pet fee is strictly non refundable Three Bedrooms $715 $1,300 $ $0.74 ***Tax credit properties are not included in this survey. Pasco Survey 7 of 18
9 99336 Monthly Rent Square Feet Rent per SF Total Year % # of & App Units Built Occ. BDRM Unit Fee Twin Dolphins Stud. 3 $ $1.35 $ Van Giesen 1 24 $ $0.94 $0.86 $ % 2 12 $ $0.93 $0.85 $41 Jadwin Stevens 1 88 $600 $ $0.95 $ Stevens Drive 2 42 $700 $ ,000 $0.80 $0.73 $ % 3 2 $900 1,326 $0.68 Wtr Grbg Swr W/D Flat fee $20 30 WD/ hook Ldry Fac. Pool Jacz Rec Bus. tr Fit tr Heat B or A Wi, Thtr lub hse Garg. vr Pkg Upg. Free Wins Wi fi B $15 or Patio Pets Additional Info $87.50 bond per pet; Sec deps on graded scale from $400 $800 $25 $300 pet fee Westview Garden 1 3 $625 $ $0.83 $ S. 38th Avenue 2 90 $725 $ $0.85 $0.94 $ % West 3 2 $795 NA B No specials Maple Ridge 1 48 $ $0.95 $ Jadwin Avenue 2 88 $ $0.86 $0.72 $ % 3 44 $820 1,081 1,130 $0.76 $0.73 Illahee 2500 Geo. sh. y 2 65 $ $0.76 $ % 3 18 $775 1,070 $0.72 North Trace Apts. 200 ldron 2 62 $625 $ $0.93 $1.03 $ % B ter's Edge 1 30 $550 $ $0.96 $ Fowler Street 2 18 $625 $ ,080 $0.64 $0.67 $ % 3 6 $825 $850 1,445 $0.57 $0.59 El Dorado B 777 McMurray 2 31 $800 $ ,200 $0.89 $0.71 $ % 3 13 $900 $950 1,050 1,350 $0.86 $0.70 $500 * * * $300 pet fee; $15/mo pet ; 2 b ball courts $200 pet fee; small pets $200 pet fee; $10/mo pet ; cats only Leasing special, 1 mo free *Small units wtr included; Others include wtr, grbg, swr; $250 pet fee & $250 pet dep Richland Survey 8 of 18
10 99336 & App Fee Monthly Rent Square Feet Rent per SF Heat A Total Year % # of WD/ Ldry Rec Bus. Fit B or Wi, Thtr lub vr Upg. Free or Units Built Occ. BDRM Unit Wtr Grbg Swr W/D hook Fac. Pool Jacz tr tr hse Garg. Pkg Wins Wi fi Patio Pets Timbers $635 $ $0.94 $ Stevens Dr 2 84 $735 $ ,006 $0.83 $0.87 NA NA *online info River Park Stud. 2 $ $ Fowler 1 62 $599 $ $1.13 $1.03 $ % $10 flat fee B $40 Northpoint 1 59 $665 $ $0.88 $0.89 $ Stevens Drive 2 25 $755 $775 1,006 $0.75 $0.77 $ % Additional Info $87.50 bond per cat; Sec deps on graded scale from $400 $800 Tapteal 1 40 $721 $ $0.97 $ olumbia Park Trail 2 58 $723 $ $0.77 $0.84 $ % Flat fee $20 35 $300 pet fee *online info Tennis court $300 pet fee; $10/mo pet ; up to 50 lbs reekside Stud. 27 $ $1.31 $ Mowry Square 1 60 $ $1.01 $0.97 & % B & Breed & weight restrictions Richland Manor House 1 24 $ $ Geo. sh. y 2 36 $725 $ $0.80 $ % 3 36 $800 $950 1,150 $0.70 B shington Square I $675 $ $0.96 $ Geo. sh. y 2 45 $800 $850 1,013 1,162 $0.79 $0.73 $ % 3 11 $1,025 1,471 $0.70 Flat fee $20, $25,$30 6 mo lease 1/2 month free during 2nd mo $300 pet fee La Verde 1 33 $ $ Del Mar t $ $ NA NA 3 71 $865 1,100 $0.79 *online info ats only *online info $250 pet deposit; $20/mo pet Richland Survey 9 of 18
11 99336 Monthly Rent Square Feet Rent per SF & App Fee Total Year % # of Units Built Occ. BDRM Unit Shoreline Village 1 $750 $ $1.01 $1.11 $ Duportail St 2 $775 $ $0.84 $0.99 $ NA 3 $925 $1,100 1, $0.85 $1.14 $249 *online info $60 Arborpointe 1 16 $ $ Green Tree ourt % 2 88 $ $0.87 $ $1,150 1,150 $1.00 Wtr Grbg Swr W/D Flat fee $20 $30 WD/ hook Ldry Fac. Pool Jacz Rec Ten & Bball Bus. tr Fit tr Heat B or A Wi, or Thtr lub hse Garg. vr Pkg B Upg. Free Wins Wi fi or Patio Pets Additional Info *online info Pet deposit: Pets up to 45 lbs No specials shington Square II 1 16 $725 $ $1.04 $ Geo. sh. y % 2 56 $750 $ ,098 $0.76 $ $875 $925 1,237 1,340 $0.71 $0.69 $300 pet fee; racquetball court Riverpointe 1 48 $705 $ $0.94 $ Duportail % $805 $ ,011 $0.84 $0.84 $ $920 $955 1,206 $0.76 $0.79 Aaron Ridge 1 30 $ $ Aaron Drive % 2 40 $865 $ $1.02 $0.98 $299 Flat fee $20 $30 $75 Mdw s $731 $ $1.11 $ Gage Blvd % $940 $1,360 1,051 1,220 $0.89 $1.11 $99 $300 pet fee 3 42 $1,035 $1,233 1,365 1,380 $0.76 $0.89 Bella Vista $825 $1, $1.24 $1.16 $ Bellerive Drive 2 96 $930 $ $1.07 $1.06 $300 $300 pet fee; up to % $75 $ $1,175 1,140 $1.03 $ lbs. $300 pet fee; $10/mo pet Pet fee $300 for first pet, $150 for second; $15/mo pet Richland Survey 10 of 18
12 99336 Monthly Rent Square Feet Rent per SF Heat A Total Units Year Built % Occ. BDRM # of Unit Wtr Grbg Swr WD/ W/D hook Ldry Fac. Pool Jacz Rec Bus. tr Fit tr B or Wi, anyon rest 785 anyon St NA 2 $950 1,100 $0.86 $500 *online info Island View 1 24 $823 $ $0.98 $ olumbia Park Trail % $934 $1,034 1,051 1,145 $0.89 $0.90 $100 Flat Fee $25 30 & App Fee Thtr lub hse Garg. vr Pkg $100 $25 Upg. Free Wins Wi fi or Patio Pets Additional Info *online info $200 pet fee; Small pets Quail s 1 NA $775 $ $1.03 $ Dallas Rd % 2 NA $900 $970 1,061 1,096 $0.85 $0.89 $150 B West 3 NA $1,160 $1,200 1,348 1,575 $0.86 $0.76 Mosaic on the River 1 NA $865 $ $1.15 $ Duportail St NA 2 NA $975 $1,070 1,033 1,070 $0.94 $ NA $1,200 $1,320 1,260 $0.95 $1.05 *online info Regency Park Stud. 48 $638 $ $1.22 $ Queensgate Dr % 1 36 $855 $ $1.20 $1.28 $200 Flat Fee $ $963 $1,051 1,102 1,179 $0.87 $ $1,292 $1,491 1, $1.16 $40 Badger Mt. Ranch 1 NA $850 $ $1.01 $1.10 $ Westcliffe Blvd NA 2 NA $983 $1,150 1,051 1,145 $0.94 $1.00 $200 Fee Fee 3 NA $1,350 $1,550 1,310 $1.03 $1.18 $300 *online info $40 Rent Rent Avg Sq. Ft. Avg Rent/Sq. Ft. Avg Occ. % Avg Studios $549 $660 $ $ % One Bedrooms $550 $1,005 $ $1.04 Two Bedrooms $625 $1,360 $ $0.86 **Pet deposit may be refundable if there is no pet damage. Pet fee is strictly non refundable Three Bedrooms $725 $1,550 $1, $0.85 ***Tax credit properties are not included in this survey. $300 pet fee; up to 100 lbs *online info $300 pet fee; large dogs allowed *online info *Based on information received in telephone survey performed in by EverStar Realty. The information contained herein has been obtained from sources we deem reliable. However, we do not guarantee its accuracy. Richland Survey 11 of 18
13 Average Rent Rate March 1999 to September 2005 Kennewick Mar 99 Sep 99 Mar 00 Sep 00 Mar 01 Sep 01 Mar 02 Sep 02 Mar 03 Sep 03 Mar 04 Sep 04 Mar 05 Sep 05 Studio $332 $340 $385 $404 $392 $464 $465 $465 $471 $463 $452 $452 $430 $456 1 Bdrm Apt. $405 $418 $407 $417 $423 $454 $470 $485 $501 $500 $477 $491 $487 $486 2 Bdrm Apt. $494 $497 $534 $545 $552 $602 $604 $626 $640 $631 $601 $613 $621 $614 3 Bdrm Apt. $592 $610 $591 $619 $634 $682 $665 $684 $691 $724 $635 $692 $725 $707 Pasco Mar 99 Sep 99 Mar 00 Sep 00 Mar 01 Sep 01 Mar 02 Sep 02 Mar 03 Sep 03 Mar 04 Sep 04 Mar 05 Sep 05 Studio $301 $301 $314 $306 $309 $328 $322 $ $ $376 1 Bdrm Apt. $360 $324 1 $366 $365 $409 $410 $440 $446 $445 $451 $445 $524 $534 2 Bdrm Apt. $453 $451 $466 $466 $470 $514 $532 $554 $570 $585 $572 $552 $627 $622 3 Bdrm Apt. $523 $555 $573 $593 $596 $640 $621 $636 $663 $680 $678 $643 $687 $667 Richland Mar 99 Sep 99 Mar 00 Sep 00 Mar 01 Sep 01 Mar 02 Sep 02 Mar 03 Sep 03 Mar 04 Sep 04 Mar 05 Sep 05 Studio $313 $320 $367 $345 $382 $484 $408 $428 $504 $504 $498 $493 $463 $461 1 Bdrm Apt. $451 $446 $464 $462 $479 $545 $535 $583 $600 $586 $552 $586 $563 $546 2 Bdrm Apt. $541 $553 $576 $585 $589 $658 $666 $707 $709 $697 $632 $704 $667 $655 3 Bdrm Apt. $680 $703 $680 $724 $726 $818 $784 $851 $874 $818 $809 $847 $806 $ of 18
14 Average Rent Rate September 2005 to September 2011; Kennewick Mar 06 Sep 06 Mar 07 Sep 07 Mar 08 Sep 08 Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 May 14 Studio $415 $460 $424 $429 $446 $477 $490 $527 $545 $564 $581 $584 $615 1 Bdrm Apt. $449 $474 $484 $500 $513 $542 $553 $581 $610 $631 $651 $646 $644 2 Bdrm Apt. $573 $585 $608 $606 $649 $669 $684 $724 $750 $791 $809 $806 $773 3 Bdrm Apt. $700 $682 $712 $736 $757 $792 $799 $866 $898 $951 $962 $944 $1,010 Pasco Mar 06 Sep 06 Mar 07 Sep 07 Mar 08 Sep 08 Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 May 14 Studio $378 $371 $379 $374 $390 $382 $382 $393 $390 $402 $414 $413 $448 1 Bdrm Apt. $504 $513 $508 $522 $526 $572 $579 $600 $624 $660 $650 $651 $640 2 Bdrm Apt. $610 $606 $602 $614 $625 $666 $665 $706 $725 $764 $752 $756 $784 3 Bdrm Apt. $663 $643 $661 $690 $676 $768 $757 $808 $810 $851 $832 $865 $906 Richland Mar 06 Sep 06 Mar 07 Sep 07 Mar 08 Sep 08 Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 May 14 Studio $395 $438 $436 $462 $477 $505 $524 $560 $563 $593 $623 $629 $599 1 Bdrm Apt. $512 $551 $555 $570 $605 $637 $640 $689 $710 $780 $780 $729 $743 2 Bdrm Apt. $637 $644 $646 $663 $695 $725 $730 $768 $803 $864 $892 $850 $846 3 Bdrm Apt. $750 $752 $777 $795 $810 $855 $864 $904 $939 $999 $1,024 $945 $1, of 18
15 Kennewick Average Rents March 2000 September 2011; $1,200 $1,100 $1,000 Rental Rate $900 $800 $700 $600 $500 $400 Studio 1 Bdrm Apt. 2 Bdrm Apt. 3 Bdrm Apt. $300 $200 Mar-99 Nov-99 Jul-00 Mar-01 Nov-01 Jul-02 Mar-03 Nov-03 Jul-04 Mar-05 Nov-05 Jul-06 Mar-07 Nov-07 Jul-08 Mar-09 Nov-09 Jul-10 Mar-11 Nov-11 Jul-12 Mar-13 Nov of 18
16 Pasco Average Rents March 2000 September 2011; $1,200 $1,100 $1,000 Rental Rate $900 $800 $700 $600 $500 $400 Studio 1 Bdrm Apt. 2 Bdrm Apt. 3 Bdrm Apt. $300 $200 Mar-99 Oct-99 May-00 Dec-00 Jul-01 Feb-02 Sep-02 Apr-03 Nov-03 Jun-04 Jan-05 Aug-05 Mar-06 Oct-06 May-07 Dec-07 Jul-08 Feb-09 Sep-09 Apr-10 Nov-10 Jun-11 Jan-12 Aug-12 Mar-13 Oct-13 May of 18
17 Richland Average Rents March 2000 September 2011; $1,200 $1,100 $1,000 Rental Rate $900 $800 $700 $600 $500 Studio 1 Bdrm Apt. 2 Bdrm Apt. 3 Bdrm Apt. $400 $300 $200 Mar-99 Oct-99 May-00 Dec-00 Jul-01 Feb-02 Sep-02 Apr-03 Nov-03 Jun-04 Jan-05 Aug-05 Mar-06 Oct-06 May-07 Dec-07 Jul-08 Feb-09 Sep-09 Apr-10 Nov-10 Jun-11 Jan-12 Aug-12 Mar-13 Oct-13 May of 18
18 Occupancy Rate from March 2000 to September 2011; 100 Kennewick Richland Pasco % Occupied of 18
19 Key to Abbreviations A Wi, Bball BDRM Bus. tr lub hse vr Pkg Dep Garg Grbg Heat B or Jcz Ldry Fac Mo Occ Sec SF Swr Thtr Tenn W/D W/Dh Wtr Air onditioner: Window or ll Unit ony Basketball ourt Bedrooms Business enter lubhouse overed Parking Garage Garbage Baseboard or entral heat Jacuzzi/hot tub Laundry Facility Month Occupancy Square Footage Sewer Theater Room Tennis ourt sher/dryer sher/dryer hook-ups ter 18 of 18
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