Tri-ities, shington Prepared by: EverStar Realty 99336 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.
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 email, 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
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. #B102 40 1972 97% 3 $785 $825 1200 $0.65 $0.69 $199 $25 B 1/2 mo free Aspen Hills 1 25 $550 500 $1.10 0 Free mo w/1 mo 1330 W. 10th 2 82 $750 $775 1000 $0.75 $0.78 $400 & 136 1973 96% B ball lease; $200 pet 3 29 $850 $950 1200 1350 $0.71 $0.70 $450 fee; up to 35 lbs rown Village 1 48 $495 590 $0.84 315 N. Volland 2 40 $595 890 $0.67 $300 88 1973 98% $32 B No specials Peppertree Village 1 6 $595 $610 750 $0.79 $0.81 6 mo lease 1/2 507 N. Arthur St 2 54 $675 $700 860 $0.78 $0.81 0 60 1973 90% mo free; $300 pet fee; cats only entral Park Apts 1 48 $575 500 $1.15 505 605 S. Olympia 2 88 $705 $755 700 $1.01 $1.08 $199 Bball 188 1974 97% 3 52 $775 $815 900 $0.86 $0.91 & tenn $25 B 1/2 mo free Lakeside 1 24 $625 964 $0.65 5100 W. learwater Av 2 72 $725 1086 $0.67 $300 120 1974 NA 3 24 $825 1174 $0.70 $39 B No specials Phoenix Manor 2 80 $685 $735 898 1140 $0.76 $0.64 $300 425 S. Olympia 3 16 $825 $850 1400 $0.59 $0.61 $300 Playgrnd cats $200 pet fee; 96 1974 100% only Tradewinds 1 9 $575 860 $0.67 1548 N. Edison 2 36 $650 1050 $0.62 $400 53 1974 93% 3 8 $800 1215 $0.66 B $250 pet dep Kennewick Survey 2 of 18
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 $620 660 $0.91 $0.94 3400 W. 1st Place #4 2 18 $725 915 $0.79 $250 2 & 3 36 1975 100% 3 2 $825 1100 $0.75 Brm Kamiakin 1 212 $565 $600 560 $1.01 $1.07 $300 4711 W. Metaline 1975 2 32 $675 $875 780 880 $0.87 $1.12 $1,000 245 & 94% B 3 1 $1,000 1200 $0.83 2014 Woodland Green 1 16 $650 660 $0.98 130 S. onway Place 2 16 $750 850 $0.88 $300 48 1975 96% 3 16 $850 1150 $0.74 $30 Amberbrook 5207 W. Hildebrand Blv 2 72 $700 $725 942 $0.74 $0.77 $250 72 1976 97% B Hawaiian Village 1 64 $599 $625 578 $1.04 $1.08 1105 W. 10th Ave 2 128 $699 $725 782 $0.89 $0.93 $200 192 1976 96% B & App Fee Avalon ourt 1 1 $575 $595 550 $1.05 $1.08 $250 801 N. Tweedt 2 24 $625 $650 907 $0.69 $0.72 $250 32 1976 97% 3 7 $725 $750 1066 $0.68 $0.70 $250 Sunrise Villas 200 S. Union 2 32 $750 $795 860 $0.87 $0.92 $250 32 1976 97% Wendover 1 24 $625 $635 758 $0.82 $0.84 500 N. Volland 2 40 $700 $735 858 $0.82 $0.86 $250 76 1976 100% 3 12 $850 1158 $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
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 $775 984 $0.79 5225 W. learwater Av 2 42 $875 1162 $0.75 100 ref 70 1977 93% 3 14 $1,090 1291 $0.84 200 nr B Meadows 1 40 $635 640 $0.99 600 S. Kent 2 40 $775 850 $0.91 $199 80 1977 95% $25 B Woodland Park 1 24 $595 680 $0.88 $199 601 S. Kent 2 57 $705 880 $0.80 $199 104 1977 94% 3 23 $785 1080 $0.73 $250 $25 ambridge Station B 3216 W. 4th Ave 2 56 $675 $700 1100 $0.61 $0.64 $500 56 1978 98% learwater Square Stud. 84 $545 $595 505 $1.08 $1.18 $500 5031 W. learwater Av 1 48 $645 $695 625 $1.03 $1.11 $750 175 1978 96% 2 43 $745 $795 750 $0.99 $1.06 $1,000 $41 B Village at Grandridge 1 148 $580 $660 650 725 $0.89 $0.91 $300 425 N. olumbia tr Blv 2 66 $710 $810 970 1058 $0.73 $0.77 $300 214 1978 100% Village at Volland 1 24 $565 750 $0.75 4302 W. Hood 2 64 $620 $695 850 1150 $0.73 $0.60 0 88 1978 90% Highlander 1 76 $625 $655 610 $1.02 $1.07 3030 W. 4th Ave 2 120 $725 $775 949 $0.76 $0.82 $200 196 1979 96% 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
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 $595 760 $0.75 $0.78 100 N. Irving Place 2 52 $645 $670 860 $0.75 $0.78 0 136 1979 96% 3 12 $825 1120 $0.74 Tanglewood Stud. 12 $510 575 $0.89 365 N. Arthur 1 40 $560 675 $0.83 $475 80 1979 98% 2 28 $650 860 $0.76 B Wi Desert Brook 1 24 $582 $602 668 $0.87 $0.90 150 fee 3703 W. Kennewick Ave 2 86 $684 $728 896 $0.76 $0.81 150 dep 110 1995 98% $25 On the Boulevard 1 48 $675 $775 714 875 $0.95 $0.89 1995 9202 Gage Blvd 2 122 $775 $825 1013 1090 $0.77 $0.76 $250 234 & 98% 2011 3 32 $975 1306 $0.75 $0.00 $75 $15 rosspointe 1 40 $755 900 $0.84 Flat Rate $25 for 7803 W. Deschutes 2 120 $855 $895 1000 1100 $0.86 $0.81 $200 1 bdrms; for 200 1996 96% 3 40 $1,065 1300 $0.82 w bdrms; $45 for $100 $25 3 bdrms La Serena@Hansen Prk 1 120 $819 $884 658 822 $1.24 $1.08 7701 W. 4th Ave 2 92 $994 $1,024 967 1130 $1.03 $0.91 $200 212 2003 99% $75 $15 212 enter Pointe Stud. 8 $675 $750 560 $1.21 $1.34 460 N. Arthur Street 1 26 $727 $857 756 762 $0.96 $1.12 $300 134 2004 97% 2 92 $770 $871 902 939 $0.85 $0.93 3 8 $1,200 1127 $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
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 $525 650 912 $0.81 $0.58 1907 W. Jay St 60 1961 97% 2 38 $625 1020 1024 $0.61 $0.61 $200 B No specials Pasco, WA Pinecrest Apts 1 10 $534 630 $0.85 $250 2209 W. Jay St 2 40 $637 720 $0.88 $300 $400 pet fee; up 54 1971 96% B Pasco, WA 3 4 $715 1035 $0.69 0 to 25 lbs $32 Sunset Stud. 42 $450 448 $1.00 2200 W. Shoshone 1 42 $550 538 $1.02 $400 cats 120 1972 98% B Pasco, WA 2 30 $650 802 $0.81 only $400 pet dep 3 6 $750 1126 $0.67 arjo 1 20 $550 655 $0.84 $400 2524 W. Sylvester 44 1976 91% 2 17 $650 811 $0.80 $400 Wi No specials Pasco, WA 3 7 $750 1022 $0.73 $500 olumbia ourt 1712 N. 24th 2 132 $685 980 $0.70 0 B 160 1976 93% Pasco, WA 3 28 $800 1210 $0.66 BALL $40 B Americana Stud. 36 $470 460 $1.02 500 N. 24th 128 1978 99% 1 60 $570 635 $0.90 $400 B Pasco, WA 2 32 $670 835 $0.80 arriage Square 1 40 $525 600 $0.88 1327 N. 24th 60 1979 98% 2 20 $630 825 875 $0.76 $0.72 $300 B Pasco, WA $45 Legacy Square Apts Stud. 28 $425 440 $0.97 $400 1300 N. 24th 80 1979 95% 1 28 $525 528 $0.99 $525 B Pasco, WA 2 20 $625 825 $0.76 $625 3 4 $725 1185 $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
99336 Pasco, WA Wtr Grbg Swr W/D WD/ hook Ldry Fac. Pool Jacz 48 Navigator Villas 6212 Road 68 176 2013 56% 2 176 $925 $1,050 964 969 $0.96 $1.09 $99 Pasco, WA $40 Rent Rent Avg SF Avg Rent/Sq. Ft. Avg Occ. % Avg Studios $400 $470 $448 449 $1.00 95% One Bedrooms $525 $870 Monthly Rent Total Year % # of Units Built Occ. BDRM Unit Broadmoor Apts 1 108 $755 $800 756 836 $1.00 $0.96 10305 hapel Hill Blvd 252 2004 91% 2 126 $910 $930 1085 1097 $0.84 $0.85 $49 Pasco, WA 3 18 $1,110 1225 $0.91 Stone Gate Apts 1 32 $700 690 $1.01 6102 Road 68 200 2004 92% 2 126 $750 889 $0.84 $250 Pasco, WA 3 42 $890 1125 $0.79 $30 Villages at hapel Hill 6305 hapel Hill Blvd 104 2005 94% 2 52 $695 $825 968 983 $0.72 $0.84 $600 Pasco, WA 3 32 $895 $1,000 1262 $0.71 rossings @ hapel Hill 1 96 $775 $870 904 1052 $0.86 $0.83 $200 6626 hapel Hill Blvd 2006 2 72 $900 $1,125 1164 1378 $0.77 $0.82 $250 Pasco, WA 300 & 95% 3 84 $1,030 $1,300 1386 1478 $0.74 $0.88 $300 2012 $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 $784 957 $0.80 **Pet deposit may be refundable if there is no pet damage. Pet fee is strictly non refundable Three Bedrooms $715 $1,300 $906 1205 $0.74 ***Tax credit properties are not included in this survey. Pasco Survey 7 of 18
99336 Monthly Rent Square Feet Rent per SF Total Year % # of & App Units Built Occ. BDRM Unit Fee Twin Dolphins Stud. 3 $575 426 $1.35 $400 160 Van Giesen 1 24 $600 636 700 $0.94 $0.86 $800 39 1962 95% 2 12 $725 780 850 $0.93 $0.85 $41 Jadwin Stevens 1 88 $600 $640 630 711 $0.95 $0.90 1851 Stevens Drive 2 42 $700 $730 870 1,000 $0.80 $0.73 $200 132 1968 95% 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 $650 750 $0.83 $0.87 531 S. 38th Avenue 2 90 $725 $795 850 $0.85 $0.94 $400 95 1970 95% West 3 2 $795 NA B No specials Maple Ridge 1 48 $600 631 775 $0.95 $0.77 69 Jadwin Avenue 2 88 $715 831 990 $0.86 $0.72 $69 180 1972 98% 3 44 $820 1,081 1,130 $0.76 $0.73 Illahee 2500 Geo. sh. y 2 65 $725 950 $0.76 $200 83 1973 99% 3 18 $775 1,070 $0.72 North Trace Apts. 200 ldron 2 62 $625 $695 675 $0.93 $1.03 $250 62 1974 93% B ter's Edge 1 30 $550 $600 570 680 $0.96 $0.88 1876 Fowler Street 2 18 $625 $725 980 1,080 $0.64 $0.67 $400 54 1974 96% 3 6 $825 $850 1,445 $0.57 $0.59 El Dorado B 777 McMurray 2 31 $800 $850 900 1,200 $0.89 $0.71 $400 44 1975 96% 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
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 1 182 $635 $736 672 710 $0.94 $1.04 1900 Stevens Dr 2 84 $735 $875 886 1,006 $0.83 $0.87 NA 266 1975 NA *online info River Park Stud. 2 $549 372 $1.48 1878 Fowler 1 62 $599 $620 530 601 $1.13 $1.03 $49 64 1976 97% $10 flat fee B $40 Northpoint 1 59 $665 $680 760 $0.88 $0.89 $400 2000 Stevens Drive 2 25 $755 $775 1,006 $0.75 $0.77 $800 84 1977 98% Additional Info $87.50 bond per cat; Sec deps on graded scale from $400 $800 Tapteal 1 40 $721 $871 745 $0.97 $1.17 1775 olumbia Park Trail 2 58 $723 $795 943 $0.77 $0.84 $200 98 1977 100% Flat fee $20 35 $300 pet fee *online info Tennis court $300 pet fee; $10/mo pet ; up to 50 lbs reekside Stud. 27 $575 440 450 $1.31 $1.28 1650 Mowry Square 1 60 $625 621 643 $1.01 $0.97 & 87 1978 97% B & Breed & weight restrictions Richland Manor House 1 24 $625 700 $0.89 1621 Geo. sh. y 2 36 $725 $750 910 $0.80 $300 96 1978 90% 3 36 $800 $950 1,150 $0.70 B shington Square I 1 108 $675 $750 700 778 $0.96 $0.96 2455 Geo. sh. y 2 45 $800 $850 1,013 1,162 $0.79 $0.73 $200 164 1978 97% 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 $600 735 $0.82 1021 Del Mar t. 2 92 $725 950 $0.76 0 196 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
99336 Monthly Rent Square Feet Rent per SF & App Fee Total Year % # of Units Built Occ. BDRM Unit Shoreline Village 1 $750 $825 744 $1.01 $1.11 $249 2555 Duportail St 2 $775 $950 925 962 $0.84 $0.99 $249 216 2003 NA 3 $925 $1,100 1,084 962 $0.85 $1.14 $249 *online info $60 Arborpointe 1 16 $725 650 $1.12 302 Green Tree ourt 120 1980 98% 2 88 $750 860 $0.87 $125 3 16 $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 $800 700 770 $1.04 $1.04 2433 Geo. sh. y 88 1995 100% 2 56 $750 $825 982 1,098 $0.76 $0.75 3 16 $875 $925 1,237 1,340 $0.71 $0.69 $300 pet fee; racquetball court Riverpointe 1 48 $705 $725 754 $0.94 $0.96 2550 Duportail 228 1996 93% 2 132 $805 $850 958 1,011 $0.84 $0.84 $200 3 48 $920 $955 1,206 $0.76 $0.79 Aaron Ridge 1 30 $815 725 $1.12 900 Aaron Drive 70 2003 92% 2 40 $865 $905 844 923 $1.02 $0.98 $299 Flat fee $20 $30 $75 Villas @ Mdw s 1 104 $731 $951 659 763 $1.11 $1.25 250 Gage Blvd. 286 2004 95% 2 140 $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 1 104 $825 $1,005 668 867 $1.24 $1.16 $300 2100 Bellerive Drive 2 96 $930 $980 868 921 $1.07 $1.06 $300 $300 pet fee; up to 225 2005 100% $75 $15 3 25 $1,175 1,140 $1.03 $300 40 lbs. $300 pet fee; $10/mo pet Pet fee $300 for first pet, $150 for second; $15/mo pet Richland Survey 10 of 18
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 30 2011 NA 2 $950 1,100 $0.86 $500 *online info Island View 1 24 $823 $893 839 $0.98 $1.06 1529 olumbia Park Trail 144 2011 97% 2 120 $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 $825 755 851 $1.03 $0.97 4711 Dallas Rd 118 2011 90% 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 $935 752 $1.15 $1.24 2513 Duportail St 180 2012 NA 2 NA $975 $1,070 1,033 1,070 $0.94 $1.00 3 NA $1,200 $1,320 1,260 $0.95 $1.05 *online info Regency Park Stud. 48 $638 $660 525 577 $1.22 $1.14 3003 Queensgate Dr 228 2012 95% 1 36 $855 $956 712 746 $1.20 $1.28 $200 Flat Fee $50 2 120 $963 $1,051 1,102 1,179 $0.87 $0.89 3 24 $1,292 $1,491 1,283 1.007 $1.16 $40 Badger Mt. Ranch 1 NA $850 $925 839 $1.01 $1.10 $200 451 Westcliffe Blvd 176 2013 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 $500 399 $1.25 92% One Bedrooms $550 $1,005 $743 712 $1.04 Two Bedrooms $625 $1,360 $829 965 $0.86 **Pet deposit may be refundable if there is no pet damage. Pet fee is strictly non refundable Three Bedrooms $725 $1,550 $1,010 1193 $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
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 $338 3 9 $360 4 6 $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 $757 12 of 18
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 $1,044 13 of 18
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-13 14 of 18
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-14 15 of 18
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-14 16 of 18
Occupancy Rate from March 2000 to September 2011; 100 Kennewick Richland Pasco 95 90 85 % Occupied 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2014 17 of 18
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