Market Reserch Tools (REIS, Costar etc

jscheeff44's picture
Rank: Chimp | banana points 2

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?

Comments (15)

Jul 18, 2017

For multifamily properties, I have found axiometrics to be pretty credible.

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Jul 18, 2017

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.

Jul 18, 2017

Real Capital Analytics is decent for retail

Jul 18, 2017

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.

Jul 18, 2017

Thanks @mrcheese321 good stuff.

Jul 18, 2017

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

Jul 18, 2017

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.

Jul 18, 2017

For New England (Boston) reports I use:

http://www.ngkf.com/home/research/us-market-report...
Call brokers. Especially if you are looking for criteria matches-- they'll keep you on their radar.

Jul 18, 2017

Would like to know this as well.

Jul 18, 2017

Comment to follow

Jul 18, 2017

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.

Jul 18, 2017

many resources will depend on your industry/sub-sector focus. what industry(s) are you looking into?

Jul 18, 2017

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