In Q4 2019, the average sale price per unit was $90,368. In the past 5 years, average sale price per unit has risen by $38,333, or 73.7%.
The occupancy rate has exceeded 94.5% for 31 straight quarters, dating back to Q2 2012. During that time period, average asking rental rates have increased by 31.3%.
Development has surged—at the end of Q4 2019 there were 6,758 units under construction spread across 37 buildings. This marks a 151% increase over the number of units under construction during Q4 2016.