+ Willowick Golf Course Market Analysis Joint Special Council - PowerPoint PPT Presentation

+ + Willowick Golf Course Market Analysis Joint Special Council Meeting Cities of Santa Ana and Garden Grove January 29, 2019

Market Drivers

Market Drivers : Population 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Elsewhere in Orange County Garden Grove Santa Ana

Market Drivers : Population 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Elsewhere in Orange County Garden Grove Santa Ana

Market Drivers : Population 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Elsewhere in Orange County Garden Grove Santa Ana

Market Drivers : Population 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Elsewhere in Orange County Garden Grove Santa Ana

Market Drivers : Average Household Size Santa Ana Garden Grove Orange County California

Market Drivers : Families with Children as a Share of Total Households

Market Drivers: Job Growth (Orange County) 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Construction Manufacturing Retail Financial Activities Professional & Business Services Educational & Health Services Leisure & Hospitality Transportation and Warehousing Other Services

Market Drivers: Job Growth (Orange County) 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Construction Manufacturing Retail Financial Activities Professional & Business Services Educational & Health Services Leisure & Hospitality Transportation and Warehousing Other Services

Market Drivers: Job Growth (Orange County) 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Construction Manufacturing Retail Financial Activities Professional & Business Services Educational & Health Services Leisure & Hospitality Transportation and Warehousing Other Services

Market Drivers: Job Growth (Orange County) 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Construction Manufacturing Retail Financial Activities Professional & Business Services Educational & Health Services Leisure & Hospitality Transportation and Warehousing Other Services

Market Drivers: Employment 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - 2010 2011 2012 2013 2014 2015 2016 2017 Garden Grove Total Employment Santa Ana Total Employment

Real Estate Market Conditions

$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $- Market Drivers: Median Home Value and Unemployment Jan-02 May-02 Sep-02 Jan-03 May-03 Sep-03 Jan-04 May-04 Sep-04 Jan-05 Santa Ana May-05 Sep-05 Jan-06 May-06 Sep-06 Jan-07 May-07 Garden Grove Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Orange County Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Orange County Unemployment Rate Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00%

Multi-Family

Market Drivers: Median Rent $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $- 2010 2011 2012 2013 2014 2015 2016 2017 2018 California Orange County Garden Grove Santa Ana

Market Drivers: Median Rent $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $- 2010 2011 2012 2013 2014 2015 2016 2017 2018 California Orange County Garden Grove Santa Ana

Market Drivers: Median Rent $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $- 2010 2011 2012 2013 2014 2015 2016 2017 2018 California Orange County Garden Grove Santa Ana

Multi-Family Rents in Orange County, August 2018 Legend ± 0 2.5 5 10 Miles ^ Willowick Average Apartment Rent State Rte 91 $1,927 - $2,226 State Rte 142 $2,227 - $2,369 Yorba Linda State Rte 90 State Rte 90 $2,370 - $2,606 S Brea t a $2,607 - $2,991 t e State Rte 90 R t e 5 Placentia $2,992 - $4,064 7 La Habra State Rte 57 State Rte 261 Villa Park 1 9 Fullerton e t R Orange e State Rte 241 t a Lake Forest t S S t 1 a t 6 e Rancho Santa Margarita 2 R t e e Anaheim t Tustin R 3 I- 5 9 e I - 5 t I- 5 a I- 5 Buena Park t S I- 5 State Rte 22 Mission Viejo Irvine La Palma State Rte 55 ^ Santa Ana Garden Grove Stanton Cypress Laguna Woods Laguna Hills 4 7 State Rte 133 State Rte 22 State Rte 73 e t R State Rte 73 Los Alamitos Westminster State Rte 39 Aliso Viejo I- 605 e I- 405 t State Rte 55 a t I - 4 S 0 5 Fountain Valley San Juan Capistrano Laguna Niguel Seal Beach San Clemente Newport Beach Laguna Beach Costa Mesa Huntington Beach Dana Point e 1 a t e R t S t

Multi-Family Rental : Market Analysis Multi-Family Unit Construction 2002-2017 Garden Grove Santa Ana Orange County

Retail

Market Drivers: Real Household Income $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $- California Orange County Garden Grove Santa Ana 2011 2016

Retail : Market Analysis Household Spending Power by Region Santa Ana Garden Grove Orange County

Office

Office : Market Analysis Office Building Stock/Vacancy Santa Ana and Garden Grove 45% 4,400 40% 4,300 35% 30% 4,200 25% 4,100 20% 15% 4,000 10% 3,900 5% 0% 3,800 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Office Building Stock Garden Grove + Santa Clara Office Vacancy Rate

Office Rents in Orange County, 2018 (Q2) ± Legend 0 2.5 5 10 Miles ^ Willowick State Rte 91 Average Office Rents Missing Data Under $1.78 Yorba Linda State Rte 90 $1.79 - $2.30 State Rte 57 Brea 0 9 $2.31 - $2.46 e t R e Placentia t a t S $2.47 - $2.67 La Habra State Rte 57 State Rte 261 State Rte 91 Villa Park Over $2.67 Fullerton Orange State Rte 241 State Rte 39 State Rte 133 Rancho Santa Margarita Anaheim Tustin Lake Forest I- 5 I- 5 I- 5 I - 5 Buena Park State Rte 22 Mission Viejo Irvine La Palma State Rte 55 ^ Santa Ana Garden Grove Stanton Cypress Laguna Woods Laguna Hills 4 7 2 e 2 e t R t State Rte 73 R Los Alamitos e I- 605 Westminster e State Rte 39 t a Aliso Viejo t I- 405 5 a t S 5 t I- 405 e 7 3 a t e R t S S t e Fountain Valley t R San Juan Capistrano e t a Laguna Niguel t Seal Beach S San Clemente Newport Beach Laguna Beach Costa Mesa S Huntington Beach t a t e R t e 1 Dana Point

Office : Market Analysis Total Office Market Share Garden Grove + Santa Ana Central and West Submarket Orange County

Hotel

Hotel : Market Analysis Orange County Hotel Occupancy Rate and Average Daily Rate 90.00% $200 $180 80.00% $160 70.00% $140 60.00% $120 50.00% $100 40.00% $80 30.00% $60 20.00% $40 10.00% $20 0.00% $- 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Average Daily Rate ($ per Room) Occupancy Rate

Hotel : Market Analysis Orange County Hotels Revenue per Available Room $160 $140 $120 $100 $80 $60 $40 $20 $0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Hotel : Market Analysis Hotel Market Share Garden Grove + Santa Ana Central and West Submarket Orange County

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