U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1999

Table 9. Characteristics of Unfurnished Apartments Completed in the
         Last Four Quarters and of Those Reported as Rented and 
         Remaining for Rent in the Second Quarter of 1999

(Privately financed, nonsubsidized, unfurnished, rental apartments
in buildings with five units or more.  Data regarding number of
bedrooms and asking rent are collected at the initial interview,
i.e., 3 months following completion.  Details may not sum to totals
because of rounding.  Medians are computed using unrounded data. 

                                             Apartments
                                              completed
                                                in last
                           Total             4 quarters
                      apartments             and rented
                       completed               prior to
                       in last 4   Standard  2nd quarter  Standard
                        quarters     error*        1999     error*

   Total                 211,900     6,280      139,300     5,980

  Asking rent:
Less than $450            12,500     2,300        9,800     2,460
$450 to $549              25,000     3,320       17,700     3,530
$550 to $649              31,700     2,570       21,400     2,070
$650 to $749              41,300     2,720       26,900     2,340
$750 to $849              30,900     1,850       19,100     1,690
$850 or more              70,500     2,410       44,500     2,150
Median asking rent          $739       $10         $727       $16

  Units with:
Fewer than 2 bedrooms     81,900     4,180       51,900     3,650
2 bedrooms               101,000     4,210       67,600     4,390
3 bedrooms or more        29,000     2,060       19,800     1,770

                                             Apartments
                                              completed
                      Apartments              in last 4
                       completed               quarters
                      in last 4              and remain-
                        quarters                ing for
                      and rented             rent at end
                          in 2nd   Standard      of 2nd   Standard
                      quarter 1999   error*  quarter 1999   error*


   Total                  47,500     2,550       25,100     2,390

  Asking rent:
Less than $450             2,000       530          600       290
$450 to $549               4,900     1,450        2,400     1,260
$550 to $649               6,400       880        3,900     1,520
$650 to $749               8,800       750        5,600     1,050
$750 to $849               8,000       990        3,800       450
$850 or more              17,400     1,350        8,700       680
Median asking rent          $770       $22         $749       $30

  Units with:
Fewer than 2 bedrooms     19,500     1,620       10,500     2,030
2 bedrooms                21,400     1,480       12,000     1,220
3 bedrooms or more         6,700     1,300        2,500       340

* One standard error (68-percent confidence interval)
 Note: These data are for completions in the second, third,
       and fourth quarters of 1998 and the first quarter of 1999.



Go to Detailed Tables for Second Quarter 1999 Absorptions
Contact George Boyd at 301-763-3199 or mail to george.t.boyd@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division
Last Revised: September 30, 2011