 
          Appendix  |  271
        
        
          
            
              Exhibit III-11
            
          
        
        
          
            PRICE TO SIZE RELATIONSHIP - STUDIO AND ONE-BEDROOM UNITS
          
        
        
          
            NEWER APARTMENTS IN CHESAPEAKE, VA
          
        
        
          
            FEBRUARY 2014
          
        
        
          $1,000
        
        
          $1,100
        
        
          $1,200
        
        
          $1,300
        
        
          $1,400
        
        
          SOURCE: Property Websites; Leasing agent interviews
        
        
          $800
        
        
          $900
        
        
          550
        
        
          600
        
        
          650
        
        
          700
        
        
          750
        
        
          800
        
        
          850
        
        
          900
        
        
          950
        
        
          1,000
        
        
          Aura at Towne Place 1B/1Ba
        
        
          The Carlton at Greenbrier 1B/1Ba The Morgan 1B/1Ba
        
        
          Tapestry Park 1B/1Ba
        
        
          Bell Great Bridge 1B/1Ba
        
        
          Bell Great Bridge 1B/1Ba/G
        
        
          Belmont at Greenbrier 1B/1Ba
        
        
          Hideaway at Greenbrier 1B/1Ba
        
        
          Adalay Bay 1B/1Ba
        
        
          Fenwyck Manor 1B/1Ba
        
        
          Streets of Greenbrier Studio
        
        
          Streets of Greenbrier 1B/1Ba
        
        
          Streets of Greenbrier 1B/1Ba/L
        
        
          
            Exhibit III-11
          
        
        
          E4-11982.40
        
        
          Printed: 3/27/2014
        
        
          CITY OF CHESAPEAKE