Moody's Acquires Reis for $278M
[{"id": "e545an7", "text": "Interesting... any future implications?", "replies": [{"id": "e5485eu", "text": "Yes.", "replies": [{"id": "e5494b0", "text": "Huge if true. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e549447", "text": "All I care about is the right vacancy rates for a market/submarket. \n\nIt is become a joke around the office that we can sorta estimate what Reiss' and Costar's vacancy rates will be for any submarket in the country. \n\nFor example- a unknown suburb in Georgia will have a a costar vacancy rate of 10% and Reiss will report 15-20% vacancy rates. How is this any different from the days when we didnt have costar or reiss? for the amount of money one pays Costar or Reiss, one would expect them to atleast be in the same ballpark. Costar's vacancy  will almost always be lower than Reiss's vacancy. Its such bs. ", "replies": [{"id": "e54kize", "text": "The whole thing is BS. It's a bunch of products but you just don't need if you have the experience. The problem is, a ton of people don't have the experience and therefore you find yourself reliant on that shity data\n\n\nI don't actually look at vacancy rates to derive the available vacancy, I look at available listings and reverse engineer vacancy rate on a scale, not a percentage. I don't know if I am presenting junk science, because I don't use other people's money but it seems to work for me. when I get an offering memorandum and it shows the vacancy rate per costar I just ignore it. It doesn't mean anything.", "replies": [{"id": "e559u5b", "text": "These products are for companies with national footprints who don't have the resources to independently determine what sub market or even market vacancy is in their portfolio", "replies": [], "depth": 3}, {"id": "e55wesw", "text": "If I read your comment properly, what you are saying is that it is the # of competing spaces that matter to you and not the ratio. Makes sense to me. If I\u2019m a tenant and I see ten options in a market with 5% vacancy vs two in a market with 10% vacancy, the lack of concentration of vacancy and wider range of choices gives me more options. ", "replies": [{"id": "e55zkg0", "text": "Precisely. What I'm trying to say is vacancy rate tends to really tell you occupancy rate.  Which tells you basically \"is there a market\". But you need to scale it as levels of rentability. No websites percentage is useful in any regard.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]