Market Reserch Tools (REIS, Costar etc
Need to decide which subscriptions to buy for our company (we want to provide quarterly market reports and property level UW of all 4 property types). Had subscriptions of REIS and CoStar during my master and noticed that the data is not reliable. Would like to find the right mix of subscriptions for our needs only focusing on one metro area. What subscriptions are you using and how do you like it?
For multifamily properties, I have found axiometrics to be pretty credible.
I have both REIS and Axio and would agree that Axio is more credible (they update their vacancies and rents every month), IF your focus is on larger, institutional properties. REIS has so much more data, they track those hidden 45 unit Class C properties (which can be valuable if you are in the value-add space). The tradeoff is that REIS updates their data quarterly.
For office, I would use CoStar. Retail and industrial are a crapshoot.
Real Capital Analytics is decent for retail
Market Research Sources? (Originally Posted: 07/02/2015)
Hey guys, little background, I'm relatively new to the industry, working as an analyst at a pretty young REPE/operator shop in New England. We have an existing portfolio of multi-family and a office properties and we have principals with successful backgrounds in Industrial and some retail, so we're looking at just about everything from an acquisitions standpoint.
I'm looking for some input on good sources for Market Research and would like to get some input on what you guys use. We have Costar but I'm finding that a lot of the details on rents and even occupancy are either withheld or don't exist, especially in the suburban markets we're targeting and for multi-family. I also use the reports from DTZ Research, especially when creating investment memos, but they're obviously pretty high level.
Are there other sources for market research that you guys use and would recommend? Hoping for sources that are relatively inexpensive (or free like DTZ), and that can be helpful to someone looking at suburban NE markets. Also, I've seen some helpful data from RCA that a broker sent us for a particular MF deal, is anyone familiar with their product suites/pricing?
Thanks in advance.
Every major brokerage has the free MSA reports - CBRE, C&W, Collier's, Marcus and Millichap, HFF, etc.
Paid services: REIS is great for the secondary/tertiary markets. Axiometrics for multi. CBRE-EA for MSA data.
Thanks, good stuff.
Yeah REIS is great, you probably don't even have to pay for the reports, you can just ask a broker to send you reports as you need them
REIS for multi but arguably not as reliable for other product types. RCA is a sales comps tool. PPR (CoStar subsidiary) has reports for even the more obscure submarkets across product types.
For New England (Boston) reports I use:
http://www.ngkf.com/home/research/us-market-reports.aspx?d=3656
Call brokers. Especially if you are looking for criteria matches-- they'll keep you on their radar.
Most common resources used in conducting market research? (Originally Posted: 03/28/2015)
Hi there - I have an idea that I want to pitch to some folks and wanted to conduct due diligence/market research. I was wondering what resources are used by ER folks? I would like to answer questions about market size, competition, trends, demographics etc. Are any of these affordable for individuals, free at the library, or any other suggestions? I would also like to build my own research reports for public companies. I appreciate it.
burton1995
Would like to know this as well.
Comment to follow
I know you're looking for market research, but I just wrote something on my blog on where to find research info for companies:
http://www.treetis.com/blog/2015/4/2/research-sources
The last section talks about industry data. A lot of it is behind paywalls, but you can try to find some data in company presentations (which often start with a view on the market) or government sources, depending on the industry. You can also try to find some data within free consulting reports at any of the major consulting firms, but the data is likely to be more broad.
many resources will depend on your industry/sub-sector focus. what industry(s) are you looking into?
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