With a growing demand for more detailed Industrial market coverage, Reis began distinguishing Flex/R&D as an independent sector with a unique suite of reports separate from Wharehouse/Distribution. Industrial market information had been characterized by poor definitions of competitive inventory, lack of critical submarket and property-level resolution, and data collection methods that generate more questions than answers. Reis address these issues by diligently classifying each Industrial property according to the key factors that determine its comparability to peers: geographic submarket, functional use, and renter versus owner-occupied status.
Reis covers Flex/R&D markets throughout the nation, collecting property level structural information such as year built, year renovated, and size, 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.