Use Reis Rent Comps to see how similar properties have performed
A fundamental transaction-support tool, Reis’s rent comp reports help investors assess the performance of a property versus its peers. Users specify the location and physical characteristics of a subject property, and Reis supplies property level performance data for competitive buildings in the area.
The resulting report returns property-level data and comp group summary statistics, including:
- Operating expenses
- Lease terms
- Current asking rent
- Current vacancy rate
- Unit mix details
- Rent growth comparisons
Commercial real estate professionals are able to search the rent comps database to identify properties that are relevant to their decisions.