Jobs, Jobs, Jobs Gen Y, Gen Y, Gen Y 4,500,000 4 500 000 Vacation - - PowerPoint PPT Presentation

Jobs, Jobs, Jobs

Gen Y, Gen Y, Gen Y

4 500 000 4 000 000 4,500,000

First Baby

(Females)

Vacation Home Purchase

3,500,000 4,000,000

First Kid to College

3,000,000 3,500,000

First Marriage

(Females)

Move-Up Home Purchase

2,500,000

First Home Purchase Retirement Life Expectancy

2,000,000

Retirement Age

103 101 99 97 95 93 91 89 87 85 83 81 79 77 75 73 71 69 67 65 63 61 59 57 55 53 51 49 47 45 43 41 39 37 35 33 31 29 27 25 23 21 19 17 15 13 11

Source:Various

The Demographics of the City g p y

25%

Distribution of Households by Age of Householder

14,000

Net New Household Growth 2006- 2013 by Age of Householder

21% 20% 18% 20% 11,986 12,000

Baby Boom Gen Y Baby Boom

16% 15% 9,077 8,000 10,000

Gen Y Baby Boom

11% 7% 10% 6,180 3,583 4,000 6,000 3% 4% 0% 5% 2,522 2,191 50 2,212 2,000 0% Age 15 - 24 Age 25 - 34 Age 35 - 44 Age 45 - 54 Age 55 - 64 Age 65 - 74 Age 75 - 84 Age 85+ Age 15 - 24 Age 25 - 34 Age 35 - 44 Age 45 - 54 Age 55 - 64 Age 65 - 74 Age 75 - 84 Age 85+

Bay Area Rental Prices

$5 000 $4,500 $5,000 $3,500 $4,000 $3,000 MonthlyRent SFBayArea UrbanSeattle $2,000 $2,500 $1,000 $1,500 $ , 300 500 700 900 1,100 1,300 1,500 UnitSize(Sq.Ft.)

Not so fast

$5 000 $4,500 $5,000 $3,500 $4,000 $3,000 MonthlyRent SFBayArea UrbanSeattle CityofSF $2,000 $2,500 $1,000 $1,500 300 500 700 900 1,100 1,300 1,500 UnitSize(Sq.Ft.)

The Renter Nation? The Renter Nation?

$5,500

SF

$4,500 $5,000 $3 000 $3,500 $4,000 $2,000 $2,500 $3,000 $1,000 $1,500 $2,000 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Institutional Rents Resale Monthly - L3M

Affordability Heat Map

MedianIncomeasa%

• fMedianHomePrice

Pipeline

For Rent 70,000 Units 9% of Existing Inventory For Sale 56,000 Units 6% f E i ti I t 9% of Existing Inventory 6% of Existing Inventory

Future Supply vs. Demand

24,000 26,000 28,000 ForSaleDeliveries RentalDeliveries ResidentialDemand 18,000 20,000 22,000 ume 12,000 14,000 16,000 nnedDeliveryVolu 6,000 8,000 10,000 Pla 2,000 4,000 San N San Mateo S San Mateo NW Santa Rem Santa TriValley Urban Fremont/ North 680 San Francisco NSanMateo County SSanMateo County NWSanta ClaraCounty RemSanta ClaraCounty Tri Valley Urban EastBay Fremont/ Hayward North680 Corridor

4 500

Infill is the Future

4,000 4,500 3,000 3,500 e 2,000 2,500 Units in Pipeline 1,000 1,500 500 10,000 20,000 30,000 40,000 50,000 60,000 Zip Code Population Density

Source:USCensus