Reis covers Apartment markets throughout the nation, collecting property-level structural information such as year built, year renovated, size, and unit mix, as well as performance information such as rental and vacancy rates. In addition, Reis offers hard-to-find details about concessions and operating expenses, while also keeping an eye on potential competitive threats from forthcoming new supply. This data is rolled up into comparable group summary statistics as well as submarket and metro trends.
For each major metro, Reis apartment data services offers market and submarket reports, including the Executive Briefing, and the Reis Observer.
At the property level, Reis offers a suite of integrated rent comps, sales comps, and new construction comps.
- The Reis property survey team collects rental rates, vacancy information, amenities, and leasing incentives for all apartment properties.
- Sales comps analysts gather all the information that is critical to understanding a sale including sale price, closing date, buyer, seller, cap rates and more.
- Our supply-side team tracks planned, proposed, under construction and recently completed projects to gauge the potential impact of new supply on the competitive position of existing stock.
As a suite, the metro and submarket reports, with the integrated comps, provide a comprehensive view of the apartment market data, and a particular property's competitive position.