First the census establishes sizes of rental units: No Bedroom (ie studios or efficiencies), One, Two, and Three or More bedrooms. Then it counts the number of units (based on a sample) by gross rent by size of rental unit, allowin a distribution by price range.
For the no bedroom and one bedroom units in Greene and Montgomery County on can see the following distributions:

Distributions for two and three bedrooms, and the reported asking prices for two bedrooms at St Clair and the Cannery. The media report St Clair Lofts backed off from its original $1,100/mo asking price.

Combining the sets into a grouping, one can see most rentals where between $300/mo and $749/mo

These areas that had a lot of apartments and a young adult population: WSU/Fairfeld Commons area combined with the Springboro Pike/OH 725 areas (Dayton Mall and points south and east. This area would be more upscale (so one wouldn't see slum rentals pulling the prices down) and closer to white collar work, so perhaps the same or similar market for loft housing, and the distribution does skew higher, with the St Clair rentals being pretty much in line for one bedrooms but a little higher for the two, but still within range.


The Cannery is not exactley off the chart, but its in the very top for two bedroom rentals, which might be edge city house or condo rentals, not all apartments.

The Cannery is actually pretty competetive for studio/efficiency rentals for this market, what little there are. Presuming these are fairly new units, not slum rentals, the Cannery is a good deal if one wants an urban option.
Those reported occupancy figures of 90% for St Clair Lofts really makes sense now, as one can see this development was right in the same price ranges for the newer rentals out in the edge cities, though one could have gotten a better deal for a two bedroom in suburbia.
I am looking for a rental,What is the difference between the two rentals?
ReplyDelete-Ella