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RENTAL MARKET ANALYSIS
<br />TABLE R-1
<br />AVERAGE RENTS/VACANCIES TRENDS
<br />FIRST QUARTER 2019
<br />Total Studio 1 BR 2 BR 3 BR
<br />Outlying Anoka County Submarket
<br />00
<br />0
<br />N
<br />Cf
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />1,679 118 423 615 220
<br />66 5 19 22 8
<br />$1,505 $2,555 $1,407 $1,393 $1,455
<br />3.9% 4.2% 4.5% 3.6% 3.6%
<br />1,625 118 423 595 200
<br />132 6 46 50 16
<br />$1,471 $2,490 $1,418 $1,329 $1,397
<br />8.1% 5.1% 10.9% 8.4% 8.0%
<br />Outer Coon Rapids/Fridley/Blaine Submarket
<br />00
<br />0
<br />N
<br />Cf
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />11,815 235 3,472 4,623 963
<br />390 8 105 157 44
<br />$1,073 $845 $975 $1,150 $1,374
<br />3.3% 3.4% 3.0% 3.4% 4.6%
<br />11,621 235 3,404 4,543 921
<br />413 14 116 164 38
<br />$1,026 $775 $934 $1,096 $1,320
<br />3.6% 6.0% 3.4% 3.6% 4.1%
<br />Dayton/Champlin Submarket
<br />00
<br />0
<br />N
<br />Cf
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />1,889 5 588 976 218
<br />70 0 24 36 5
<br />$1,022 $785 $919 $1,019 $1,312
<br />3.7% 0.0% 4.1% 3.7% 2.3%
<br />1,705 5 527 914 157
<br />51 0 18 26 3
<br />$1,001 $730 $895 $999 $1,292
<br />3.0% 0.0% 3.4% 2.8% 1.9%
<br />Twin Cities Metro Area
<br />00
<br />0
<br />N
<br />Cf
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />Units
<br />No. Vacant
<br />Avg. Rent
<br />Vacancy
<br />286,318 21,923 121,636 94,529 16,201
<br />12,558 1,140 5,469 4,042 773
<br />$1,221 $1,002 $1,100 $1,362 $1,572
<br />4.4% 5.2% 4.5% 4.3% 4.8%
<br />279,041 20,609 118,325 92,402 15,749
<br />12,458 1,122 5,318 4,100 810
<br />$1,183 $971 $1,066 $1,317 $1,520
<br />4.5% 5.4% 4.5% 4.4% 5.1%
<br />Sources: CoStar Group, Inc.; Maxfield Research & Consulting, LLC
<br />MAXFIELD RESEARCH AND CONSULTING 71
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