Where would I find an areas statistics such as % of rentals, average rent price per sq. Ft., vacant rate, etc?
[{"id": "gqgkhe8", "text": "CoStar....REIS....CBRE...RCA...", "replies": [], "depth": 1}, {"id": "gqgkm0o", "text": "If you\u2019re willing to pay for it, Yardi Matrix and/or Costar", "replies": [], "depth": 1}, {"id": "gqglcmy", "text": "You can get free reports from CRE brokerages. Not going to have detailed comps as the paid services would have but go to CBRE/JLL/Cushman/Colliers/Avison websites and you can get general market data based on asset type for free", "replies": [], "depth": 1}, {"id": "gqh2xdg", "text": "Check out Crexi's new insights, I generally filter by what I am looking for and it will calculate the averages instantly based off the results and map location", "replies": [], "depth": 1}, {"id": "gqhhnhp", "text": "Micro economics in the specific neighborhood. I doubt there is a website that is available.  It will esentially replace local commerical realtors knowledge.", "replies": [], "depth": 1}, {"id": "gqhn474", "text": "If it is a one off need, and you have a relationship with a broker, many are willing to share the reports front he services others have mentioned.\nIf you need more regular data you will need your own subscription.", "replies": [], "depth": 1}, {"id": "gqhnhyb", "text": "Wait, what asset type? This verbage sounds SF Residential to me, which has a different set of resources.", "replies": [{"id": "gqkn9jt", "text": "Would you mind mentioning some of the residential resources for posterity", "replies": [{"id": "gqkpcz7", "text": "Several of the sources /u/rexocity mentioned above will have MF reports as well.\n\n&gt;You can get free reports from CRE brokerages. Not going to have detailed comps as the paid services would have but go to CBRE/JLL/Cushman/Colliers/Avison websites and you can get general market data based on asset type for free\n\nData from the census won't really be current, but it will help identify differences across various neighborhoods within a given area: search for \"Selected Housing Characteristics\" at data.census.gov  \n  \nIf you set the geography to census tracts, you can get pretty granular data on housing tenure, gross rents, household incomes, etc. It wont reflect like Q1 2021 data as a report from CBRE or CoStar would, nor will there be any narrative explaining near/long-term trends, but it is useful for comparing one area to another.", "replies": [], "depth": 3}, {"id": "gqkvlbc", "text": "Single family Res (SFR) and Multifamily have different report sets. \n\nMostly, because there is no single solid resource. A home can be owner occupied for decades, paid off, and then used as a rental and in many areas the only way to tell would be to compare the change in billing name for the electrical vs the ownership records (and even then...).  Mortgage info can be helpful, but the stats are hard to come by. The IRS, which knows many but not all things, can breakdown payments by state and by type (rentals are 656L, right?) But that is dollars not structures.  The state LLC registration can help for specific SFR investment regulars if they use a naming convention (BTW - don't do that), but not statistical data across a city, county or MSA. Speaking of MSA, you'd think the Fed would be all over this, but I've never found it.\n\nWhere CBRE and CoStar will discuss leasing and concessions (and stabilization, but use caution there), they don't discuss the data behind SFR.\n\nFor the purposes of the OP, I would use CityData as it has the best chance of the widest net (MF &amp; SFR).\n\nIdeas/Places to Start\n\nIPropertymanagement.com has some general stats, national, by state, and metro.\n\nCity-Data will produce info on \"renter occupied housing units\" , but again this may be all MF builds as determined by assessor data (search #of units in CoStar for the same info), OR it may be a combination of assessor and rental loan data from a private source which would help include SFR. /shrug it's hard to tell. \n\nStatistics has a Residential section has some interesting info, but is broad. The paywall holds back some of the more interesting pieces (including data sources that may be private and more expensive), but if a large firm is paying and can give your login to multiple users they may not care.*\n\nNote: in searching, sitegeist also has some rental figures, but it's a phone app based on your geolocation. Soo, road trip?\n\n\n*Am NOT encouraging anyone to be naughty with paid logins. Was joking. Hopefully, CoStar Security sees this part. /s", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gqhuyvy", "text": "CBRE data is 10x better than costars btw. CoStar doesn't have a very good data integrity team. CBRE verifies the information with a team of researchers.", "replies": [{"id": "gqkx6zg", "text": "You\u2018RE joking right?  CoStar is basically the gold standard in CRE data.  They are practically a monopoly with the only somewhat viable competitor being Reis, but you can get much more granular with CoStar.", "replies": [{"id": "gqlnls7", "text": "Not joking in the slightest. Just because CoStar is the *only* source for most people, doesn't mean CBRE doesn't do a better job for their guys internally. I can tell you exactly why too. \n\nCoStar allows any broker to upload information without verification. So if I wanted to I could say a deal was done at $8 per RSF. When the reality is it was done at $5.40. Then, because I don't want to give competing brokers the perfect Lease expiration date I will make one up that's way off. Otherwise, brokers will be trying to poach my client at the same time I'm negotiating their renewal or relocation. CoStar is a perfect opportunity for people to actively manipulate the market. \n\nNext, we have the quality of their building definitions. If you filter by Class A, they will include many buildings which are not Class A or have even been converted to a different property type. They also don't show buildings under construction until the concrete foundation has been laid. Lastly, their vacancy numbers are way off because half the listing brokers use a 30 day occupancy date even though it should say vacant with a 30 day possession date. These questionable data practices end up skewing the data in a big way. \n\nLastly, CBRE provides clients with high level macro to micro reports that requires data integrity at every level. So they have a massive team (the largest in the world) to hit the phones and verify data. And because they hold major market shares around the world, they already have access to more comps than anyone else just by doing deals. This further let's them acquire hard to find data by letting them trade information for anything they are missing. \n\nCBRE basically is a private gold mine far better than CoStar data, but public to just anyone.", "replies": [{"id": "gqloxhk", "text": "Thanks for the write-up.  Is this the same data that feeds into their free market/sub-market reports as well?", "replies": [{"id": "gqo6jsz", "text": "Correct. It's all stored in a central database that they combine on a local level all the way to a global level. You could probably look up a researcher's number and call them to get some of their public information. It's pretty well designed. :)", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]