What does Reis provide?
-National, Regional, Market & Submarket trends of supply, demand, rent and vacancy rates
-Building-level statistics for statistically similar peers (comps) to assets in Reis's market/sector coverage
-Historical trends distinguished by property class (A vs. B/C)
-New Construction listings of recently completed, under construction, planned and proposed properties
-Narrative overviews and a concise summary of economic and market conditions grounded in real market data
Will I be charged again if I download the same report twice?
Reis's re-download policy dictates that if you run a Metro or Submarket report you will have access to re-download that same report, in any format, within a 48-hour window. All address-based queries, Transaction Analytics and valuation tools are considered unique and will be tracked and billed when the report is generated.
Why isn't my area covered, when you indicate that the market is, indeed covered by Reis?
Certain submarkets within our market coverage lack sufficient inventory for Reis to compile thorough analysis. Reis monitors these areas for possible future inclusion.
How does Reis determine submarkets?
Submarket delineations are based upon natural, manmade and economic boundaries. While we strive to use micromarkets which conform to general-use standards, different data providers will design different sets of boundaries. As we have covered these areas for 30+ years, we are sensitive to the contiguous areas of real estate that tend to "move together" and attempt to delineate those areas for our individual submarket coverage.
Can Reis tell me what city is in what submarket?
Because Reis's boundaries may or may not be based upon actual city limits, we prefer to use street addresses to identify submarkets. As city municipal boundaries may change and overlap two or more submarkets, this is a much more accurate method for determining submarket location.
How can I determine what submarket my property is in?
When you search for an address in Address Lookup or in Property Comps, we'll identify the property's submarket.
Property Type Coverage Definitions
What are the inclusion criteria for the Reis's property type coverage?
Apartment: Market rate rental complexes consisting of 40 or more units (except for California and Arizona metropolitan areas, where we track complexes of 15-20 units or more) are included
Office: Multi and single tenant buildings of 15,000 square feet or more are included
Retail: Multi-tenant neighborhood and community shopping centers of 10,000 square feet or more are included
Industrial: Multi and single tenant Warehouse/Distribution and Flex/R&D buildings of 10,000 square feet or more are included
Seniors Housing: Independent Living, Assisted Living, Memory Care, or Skilled Nursing facilities with 20 units/beds or more.
Reis vs. Other Sources
Reis says "X" and a third-party provider says "Y". Why is there a difference?
Part of our market review each quarter requires Reis to evaluate third-party sources for reference. We are aware that in many markets certain figures are markedly different. Usually, this is due to different approaches to geographic and property-type coverage. Other sources may also use different methodology for calculating sublease space or rent figures. Should you have specific examples of discrepancies, Reis is always happy to review results with you.
Why is Reis's data so different from that of the Census Bureau?
The housing data from the US Census Bureau has a much wider scope than Reis's focus. The Census uses residential properties regardless of rent restrictions, owner-occupancy as well as a much smaller size threshold. While many relative trends may be similar, the two data sources are predominately incompatible.
Why is the Reis apartment inventory in New York, Chicago, Boston, etc so different from what I expect?
Many larger, older and more urban residential markets have vast inventories of rent-restricted units. Reis does not report figures for rent controlled, stabilized, low-income, tax credit or co-operative properties.
Commonly Requested Definitions
Are the Submarket Snapshot data based on new leases or renewal leases?
Reis currently provides data on space being marketed as new leasing activity.
Is the average asking rents gross or net, or some variation of?
Apartment and Office rents are Gross rents. Retail and Industrial rents are stated as triple-net (NNN).
What does 'CRD' stand for?
Contract Rent Discount percentage- the difference between the asking rent and signing rent expressed as a percentage.
Does the Vacancy figure include sublease space?
Any space that is available immediately for leasing (i.e. within 30 days) is considered vacant for Reis's standards, regardless of whether it is a master lease or a sublease.
What's the difference between a gross and triple-net lease?
Gross lease means that the landlord pays for all operating expenses including real estate taxes out of the singular rent fee charged to the tenant. Triple Net lease means that the tenant must pay for all operating expenses including real estate taxes in addition to rent.
How does Reis determine the class of a building?
Rent is the primary driver in determining an individual property's class, and then the size and age are factored. We classify by location, meaning a Class A office property in Greensboro might be Class BC in Washington DC.
What is the submarket expenses ratio?
Submarket Expense Ratio: The average annual cost of
operating multifamily buildings in the applicable submarket
area. Includes property taxes, energy, janitorial service,
insurance, general maintenance and management.
Operating expense information is expressed as a
percentage of gross potential revenue.
Does Reis provide the unit mix breakout in the Apartment Sector?
Yes, Reis provides a unit mix breakout at the property level within the excel version of the rent comparables report, and in the pdf version of the submarket and market level report.
Reis Subscriber Edition
My company is a subscriber to Reis SE, doesn't that mean I'm registered with your website?
Each of our clients is required to send us a list of individual users for access to Reis SE. If you are not part of that access list, you will not be able to utilize the Reis SE platform. We urge you to contact your supervisor or Client Services should you require access.
Where does Reis obtain the economic and demographic data in the Metro reports?
Does Reis provide economic and demographic data on the sub-market level?
Moody's Economy.com does not create economic-demographic trends compatible with our submarket delineations, there is no such data in our submarket reports.
What are the minimum technical requirements to use Reis?
Reis Subscriber Edition is compatible with Internet Explorer 8.0 or greater, and with other comparable browsers.
Why am I unable to purchase a report?
You must be a registered user before you can make a purchase. Click the Register button at the top right of the page.
For annual institutional subscriptions that offer discounted pricing for unlimited usage, inquire at 800-366-REIS (7347).
I forgot my password;- can you provide the password for me?
You can recover your password by usin the "Forgot my Password" link on the login page.
How do I update my email address?
Please contact email@example.com.
I tried logging in, but I get an error message stating?"Sorry, we could not find your user profile in our database. Verify your email address and password and try again."
This error message means that Reis SE does not recognize your email address. Double-check that you are providing your complete and accurate email address. If you continue to have problems, please contact Customer Support.
I receive emails from Reis, doesn't that mean I'm registered/a subscriber?
Not necessarily - our electronic dispatch list is maintained separately from our list of registered users. "
How much does a subscription cost?
Please contact us with your specific market and data needs and an Account Representative will be happy to discuss the different subscription offers available.
How do I contact various parties at Reis?
At the bottom of every page on the site is a "Contact Us" link that is designed to direct your inquiry to the appropriate party.
Don't see what you need?
Can I get more history than is in the current reports?
Typically, 5-years of history is available in the PDF reports with 10-years of history in the XLS reports. Please contact an Account Representative for details on whether further data is available to you.
Can I pick my own peer group?
At this time, you are restricted to the 30 peers returned by the Comp module. You can use the check boxes to exclude undesired potential peers, but you cannot select properties outside the returned list.
Does Reis have regional or national aggregations?
Reis compiles a weighted-average trend based upon the covered markets for both Regional as well as a US trend. You will find them on the National Page, under the heading "National Market Data".
Will Reis provide contact information for properties?
At this time, contact information in our database of properties is strictly proprietary and confidential. In order to maintain good relations with our contacts, we are unable to provide this data to you.
In your rankings section, do you offer individual market rankings other than the top and bottom ten?
You can find individual market/submarket rankings in our PDF Trend reports. Currently we do not provide a master rank list of all markets. If you are interested in custom rankings, please contact your Account Representative for further information. "
How do I obtain a receipt?
Please contact Customer Support should you require a receipt for any on-line transaction.