Reliable historical trends and forecasts are the cornerstone of any accurate market analysis. There is no quicker way to get a detailed picture of supply and demand — past, present, and future — than by reviewing Reis's metro and submarket reports.
These reports contain historical, current, and forecasted rent, vacancy, and inventory; new construction and absorption; and economic and demographic trends. Metro or submarket variables are compared to the U.S. market as a whole and to the relevant geographic region.
Asking Rent Growth Rate Distribution
Submarket reports are particularly valuable because they alert investors to significant variations in performance among submarkets within a metro area.
Reis tracks over 2,500 competitive submarkets. Within a metro, submarket boundaries differ according to property type. In Los Angeles, for example, Reis publishes 70 submarkets across the five property types. Shown below is a map of the 21 office submarkets.
One factor that sets Reis's market research apart is concession information — often withheld by owners and brokers. For each competitive submarket in a metro area, Reis's submarket reports present vital concession data, including: