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<br />TABLE 16 <br />STUDY AREA GENERAL OCCUPANCY PROJECTS <br />One- and Two-Bedroom Units <br />(Includes Utilities and Garage) <br />November 1992 \ <br /> <br />A <br />,-. ~.~ <br />/ ~ ;,,"\ J'". " <br />'-;'? ~~i;~ <br />1)/" CO <br />....}{'/ ~ ,^ <br />"V, ~y <br />0:)/iO <br />' '~ <br /> <br /> Average <br /> No. of -Rent- -Square Feet- Rent Per <br />Name of Proiect atv Units Ran2e Av'l.., Rane.e Ave.. ~ <br />One-Bedroom Units <br />City Gables LAUD 32 $575-610 $593 627 627 $.94 <br />Victoria Place ROSE 24 665-675 668 800-960 853 .79 <br />Lexington Apts. ROSE 66 594-66S 644 800-845 829 .78 <br />Autumn Woods SA 62 68S 68S 842-932 887 .77 <br />Lakeside LC 60 590-640 621 815-940 840 .74 <br />Shadow lawn Estates VH 49 495 495 784 784 .63 <br />Landmark Estates MY 66 540-560 550 850-970 910 .61 <br />Total 359 $607 833 $.74 <br />Two-Bedroom Units <br />City Gables LAUD 52 $705- 765 $735 865-938 888 $.83 <br />ParksJ:lOre Apts. AH 24 825- 925 842 1,075-1,175 1,092 .77 <br />Lexington Apts. ROSE 60 755- 840 801 1,027-1,115 1,075 .74 <br />Autumn Woods SA 74 785- 850 818 1,034-1,256 1,145 .72 <br />Victoria Place ROSE 26 765- 795 783 1,050-1,200 1,121 .70 <br />Lakeside LC 72 710- 785 745 1,056.1,227 1,126 .66 <br />Bramante's By the Lake NEWB 32 675-1,000 745 1,040-1,550 1,144 .65 <br />Shadowlawn Estates VH 58 595- 995 636 952-1.600 1,096 .58 <br />Landmark Estates MY 66 640- 675 658 1,120-1,270 1.195 .55 <br />Total 464 $744 1,101 $.68 <br />Source: Maxfield Research Group, Ine. <br /> <br />and $.78 at the Lexington compared to an average rent per square foot of $.74. City <br />Gables in Lauderdale (the former RoseHill Estates) has the highest per square rents <br />due to their very small units compared to the other projects. Overall, per square foot <br />rents for one bedroom units range from $.61 at Landmark Estates in Mounds View to <br />$.94 at City Gables. <br /> <br />Average rents for two-bedroom units are highest at Parkshore in Arden Hills ($842 <br />per month) followed by Autumn Woods in 5t. Anthony ($818), the Lexington in Rose- <br />ville ($801) and Victoria Place in Roseville ($783). Once again, the two roseville <br />projects have among the highest rents of the new projects in the study area. <br /> <br />Average per square foot rents for two-bedroom units range from $.55 at Landmark <br />Estates to $.83 at City Gables. The Lexington has an average per square foot rent of <br />$.74 and Victoria Place has an average per square foot rent of $.70. For all newer <br />projects, the average monthly rent is $744 or $.68 per square foot. <br /> <br />3~ <br />