Apartment Investing and Average Expenses in the Pacific Northwest

Dupre & Scott released their Apartment Investment Advisor for the month of March 2010. The report details trends in the apartment market for cities throughout the Pacific Northwest, and includes a survey of over 800 properties and 86,000 units.

Dupre & Scott have been the leading apartment advisor for over 25 years and their report shows apartment expenses climbing 4.3% over the last year to a level of $4,600 per unit in total operating expenses.

Actual rent figures decreased only 1% over the year, while other income, including income from laundry, parking, late fees, water/sewer, bounced check fees, forfeited deposits, nonrefundable deposits, etc. increased by 5.5% to a level of $837 per year per unit on average.

Going forward, Dupre & Scott forecast expenses to increase 3.1% over 2010, a 1.9% increase in 2011, and a 2.8% increase in 2012.  To view more reports from Dupre & Scott, visit their website at www.dsaa.com.