ABI Submarket Mashup: North Tempe v Central Tucson

PHOENIX - July 13, 2016 - PRLog -- The "ABI Mashup" is a comparative analysis series detailing the similarities and differences between separate metros, cities, submarkets etc.  In this particular Mashup, the comparison area will look at the two (2) largest colleges in Arizona, i.e. Arizona State University (ASU) and University of Arizona (U of A) and the respective submarkets in which each is located.

For ease of comparison, this analysis will focus only on the main campuses for each University and surrounding submarkets; i.e. ASU is located in the North Tempe/University Submarket (hereafter referred to as 'NTU') in Tempe and U of A is located in the Central Tucson/University Submarket (hereafter referred to as 'CTU') of Tucson.

Specifically, we are going to breakdown, analyze and compare the data from both submarkets.  Compared data sets include:

(1) Submarket Size: Total area in square miles

(2) Demographics:  Population, density, median age, income, renter occupied housing and student population.

(3) Sales Analysis 2010 to 2015 (50+ unit properties only): Total sales volume, number of transactions, sales pricing metrics, market velocity and investor/buyer profile.

(4) Property Analysis:  Total market size (number of units and properties), current/historical occupancy rates and current/historical average rents.

(5) Economic/Jobs Analysis:  Includes maps, as well as, detailed listing of major job and construction development announcements.  Additionally, will look at job creation, types of jobs and trends in job market.

"To my knowledge this is the most extensive comparative analysis for the two regions to date," states Thomas Brophy, Director of Research at ABI Multifamily.

To access the full report (extract of report is below) go to the following link: http://abimultifamily.com/abinsight-submarket-mashup-2016...)

Sample Report Extract:

The NTU Submarket is comprised of the 85281 and 85287 (located within 85281) zip codes.

The Submarket's general boundaries are East McKellips Road (North), 143, Hohokam Expressway (West), Loop 101, Price Freeway (East) and West Broadway Road (South).  The total land area for the Submarket is 13.5 square miles with an average density of 4,260 persons per square mile.

Population for the NTU Submarket was 57,507 as of 2014, which increased 12.6% from 2000 Census.  Median Age stands at 23.5.  Both Median Household Income and Per Capita Income registered increases from 2000 Census at 6.7% ($31,600) and 17.3% ($17,556) respectively.

The CTU Submarket is comprised of the 85701, 85705, 85719 and 85724 (located within 85719) zip codes.

The Submarket's general boundaries are West River Road (North), I-10 (West), North Tucson Blvd (East) and East 22nd Street (South).   The total land area for the Submarket is 23.3 square miles, or 42% larger than NTU, with an average density of 4,463 persons per square mile, approximately 5% more dense per square mile than NTU.

Population for the CTU Submarket was 103,982 as of 2014, nearly 2 times greater than NTU, an increase 0.2% from 2000 Census, which is significantly less than NTU's percentage population growth of 12.6%.  Median Age stands at 29.9, which is nearly 6 years older than the Median Age for NTU.  Both Median Household Income and Per Capita Income registered increases from 2000 Census at 17.4% ($27,015) and 25.0% ($17,615) respectively.

To access the full report to go: http://abimultifamily.com/abinsight-submarket-mashup-2016-n-tempe-vs-c-tucson/