NAA Releases Annual Income & Expenses Survey Data

ARLINGTON, Va., Oct. 17, 2012 – The 24th Annual National Apartment Association Survey of Operating Income and Expenses in Rental Apartment Communities is now available. 


The survey includes an executive summary, detailed data, reports and charts about rental communities. A total of 4,645 properties containing 1,159,874 units are represented in this year’s report. These numbers exceed the number of properties and units represented in past years. Data was reported for 4,114 market rent properties containing 1,087,228 units and 531 subsidized properties containing 72,646 units.

The report presents data from garden and mid-rise/high-rise properties, and is further segmented by individually metered and master-metered utilities. Survey data is presented in three forms: dollars per unit, dollars per square foot of rentable area and as a percentage of gross potential rent (GPR).The survey includes an executive summary, detailed data, reports and charts about rental communities. A total of 4,645 properties containing 1,159,874 units are represented in this year’s report.

Responses from garden properties with individually metered utilities represent 75.6 percent of the market rent properties and 51 percent of the subsidized properties. Therefore, the analysis is focused primarily on the garden properties with individually metered utilities.

No other single source of Apartment Industry specific economic analysis can provide as valuable, accurate financial and benchmarking information. This data can be used for various strategic budgeting or planning initiatives.

Companies participating in the survey receive a complimentary copy of the survey report. If you are interested in participating in the 2013 survey, contact NAA’s Valerie Hairston at 703/797-0624 or Valerie@naahq.org. To order a copy of the 2012 survey, visit the NAA Store.   

 

About NAA
The National Apartment Association (NAA) is America’s leading advocate for quality rental housing. Based in Arlington, Va., NAA’s mission is to serve the interests of multifamily housing owners, managers, developers and suppliers and maintain a high level of professionalism in the multifamily housing industry to better serve the rental housing needs of the public. NAA is a federation of over 170 state and local affiliates, comprised of more than 58,000 multifamily housing members representing more than 6.5 million apartment homes throughout the United States and Canada. Members in good standing of any affiliated association are automatically considered members of NAA and entitled to NAA benefits. For additional information, visit www.naahq.org.