Estimateddepreciationratesasafunctionofbuildingage,byRCAMetroMkt,sortedfrom
highesttolowestdepreciationrates…
Real Depreciation Rates Per Annum:
Metro Market: 1 10 30 50 Average
Dallas 4.84% 3.94% 1.89% -0.20% 2.62%
Houston 3.38% 3.03% 2.25% 1.46% 2.53%
Austin 3.50% 3.01% 1.92% 0.81% 2.31%
Pittsburgh 3.37% 2.88% 1.79% 0.69% 2.18%
Charlotte 2.79% 2.42% 1.60% 0.77% 1.90%
Denver 2.96% 2.49% 1.45% 0.39% 1.82%
Atlanta 3.22% 2.65% 1.36% 0.05% 1.82%
Phoenix 3.23% 2.64% 1.31% -0.04% 1.79%
Tampa 2.78% 2.34% 1.36% 0.36% 1.71%
Baltimore 2.36% 2.05% 1.36% 0.67% 1.61%
Sacramento 2.35% 2.03% 1.30% 0.57% 1.56%
Philly_Metro 2.35% 2.02% 1.29% 0.56% 1.56%
Chicago 2.16% 1.89% 1.27% 0.64% 1.49%
Detroit 2.19% 1.85% 1.09% 0.33% 1.37%
St_Louis 1.96% 1.68% 1.05% 0.42% 1.28%
Minneapolis 1.66% 1.49% 1.12% 0.74% 1.25%
So_Fla 2.26% 1.76% 0.65% -0.47% 1.05%
DC_Metro 1.55% 1.33% 0.84% 0.34% 1.01%
Portland 1.39% 1.23% 0.89% 0.54% 1.01%
NYC_Metro 1.42% 1.20% 0.72% 0.23% 0.89%
Seattle 1.25% 1.07% 0.65% 0.24% 0.80%
SF_Metro 1.15% 0.99% 0.65% 0.30% 0.77%
SanDiego 1.30% 1.04% 0.46% -0.13% 0.67%
Boston 0.80% 0.72% 0.54% 0.37% 0.61%
LA_Metro 0.67% 0.55% 0.28% 0.01% 0.37%
Average 2.28% 1.93% 1.16% 0.39% 1.44%
All estimated rates are statistically significant
Building Age (Yrs):
20