REIS is an extensive resource available for professionals in the real estate industry who seek in-depth knowledge about historical rental rates across a vast number of properties. Here, you will find all pertinent information regarding the platform and its utilities.
Company Overview
Address: 1185 Avenue of the Americas, 30th Floor, New York, NY 10036 Contact Number: 800-366-REIS (800-366-7347) Website: www.reis.com
What is REIS?
REIS specializes in providing historical rental rate data on more than 100,000 properties. This wealth of information empowers real estate investors, analysts, and brokers with accurate and detailed insights into the market trends over time.
How REIS Benefits You
- Market Analysis: Gain a comprehensive understanding of market trends through historical data.
- Investment Insights: Make informed decisions with context-aware data specific to residential and commercial rental properties.
- Risk Mitigation: Assess historical performance to minimize risk in potential investments.
With a rich database spanning years, REIS is unparalleled when it comes to factual and chronological rental rate information.
Use Case Examples
Example 1: A commercial real estate investor looking to enter a new market can utilize REIS to study previous rental trends and project future rental performance.
Investor — Jane is exploring opportunities in a city’s booming commercial sector. By using REIS data, she assesses how rental rates have evolved in various areas over the past decade, influences of nearby development projects, and the impact of economic fluctuations.
Example 2: A property broker aiming for precise appraisals finds REIS invaluable for comparing multiple properties in similar markets.
Broker — John needs accurate rental histories to present to clients interested in high-demand residential properties. He leverages REIS’ extensive database, pinpointing trends that enable more precise property valuations and attracting clients who appreciate such nuanced data.
FAQs about REIS
Q: How is the data in REIS verified?
A: REIS utilizes a robust methodology involving property surveys, public records, and consistent cross-referencing to ensure data accuracy.
Q: Can individual homeowners access REIS?
A: Due to the comprehensive and professional nature of the data, the main users of REIS are generally industry professionals; however, homeowners with focused goals, like investment research, can access certain features.
Q: Is the REIS platform easy to use?
A: Yes, REIS is designed with user interface simplicity while providing powerful analytics tools that ensure efficient data navigation and interpretation.
Conclusion
REIS stands as a portal to real estate intelligence, bolstering the data-driven approaches taken by professionals seeking to outpace their competitors in the field. Through leveraging historical rental rates and market trends, anyone from allocated investment funds to independent brokers can substantially elevate their strategic advantage.
Related Terms: real estate intelligence, property valuation, market research, investment insights
