Access to quality and accurate data can strengthen real estate by optimizing the investments of its professionals. Data analytics has become a game-changer in commercial real estate (CRE). You can get critical information on demographic and EPA reports, tenants, and locations and use the data to make informed decisions. However, how do you get the right and relevant information? With the help of researched and sifted data, CRE companies can use the insights to inform their portfolio management strategies.
It can also influence how they lease their properties and acquire tenants. This article provides information on where to get CRE data analytics and how to collect them.
Top Commercial Real Estate Data Analytics Companies
Several companies provide data analytics services for the commercial real estate industry. Some of the well-known data analytics, according to Ofirio statistics, include:
Real Capital Analytics
Real Capital Analytics is a CRE database that provides investors with market research, market analytics, and transactional data. This company offers data and analytics on commercial real estate investing and transactions, including sales, financings, and property data. It also offers critical information about key real estate players, so you can know property owners and other aspects like debt information.
It has over 20 years of verified data and enables you to access a comprehensive view of current market activities and future refinancing opportunities across the US, Europe, and other states. Moreover, the company recorded more than $30 trillion of commercial property transactions linked to over 200,000 investor and lender profiles.
CoStart Group
CoStar Group is a leading provider of commercial real estate data, analytics, and market insights covering a broad range of properties. The company provides a range of real estate data and analytics services, including market trends, sales, lease comps, and property valuations. With over 30 years of experience in data analytics, it provides invaluable variables and tools for you to leverage your real estate business.
Reonomy
This company offers a range of data and analytics services for the commercial real estate industry, including property and owner information, market trends, and sales and leasing activity. Backed by Al technology, Reonomy can help you identify opportunities and mitigate risks, thus enabling you to make informed decisions while saving time. Through their machine learning algorithms, you can easily aggregate and resolve various forecasts and sources of data.
CompStack
Compstak is a commercial real estate data and analytics company that provides data on lease comps, sales comps, and economic indicators. Professionals in the real estate industry looking to make accurate analyses can give comps to get more comps. Each comp undergoes a rigorous process of collection and vetting to give real estate specialists quality and accurate data.
Yardi Matrix
This company provides data and analytics on the multi-family and commercial real estate markets, including market trends, property performance, and investment opportunities. Yardi Matrix offers information on property values, rent, occupancy rates, and other key metrics to help real estate professionals make informed decisions about the market. Investors, lenders, brokers, and other professionals in the real estate industry use it.
Proptech
Proptech provides data and analytics on the commercial real estate industry, including market trends, property valuations, and investment opportunities. They have a wide range of applications, such as online platforms for buying and selling real estate, virtual reality tools for home staging and design, and smart home technology for energy management and security. Proptech companies often leverage data analytics and artificial intelligence to optimize real estate transactions and make them more efficient and convenient for consumers.
REIS
You can easily get insights and information on the commercial property market on REIS. It provides a variety of products and services, such as market reports, property databases, and consulting services, to help clients make informed real estate investment decisions. REIS was established in 1980 and is based in New York City.
How to Collect CRE Data Analytics
You have to follow various steps to collect commercial real estate analytics. The first is collecting relevant data on the real estate using several data sources. After that, you have to transform and evaluate the data through data analysis tools such as machine learning. Some of these sources include:
CRE databases: Several private companies maintain databases of commercial real estate transactions and other data.
Public records: Many local governments maintain records of real estate transactions, including sales and leases. You can access these records through the county assessor’s office or the county clerk’s office.
Networking: Building relationships with professionals in the real estate industry can be a valuable source of information and data. This can include brokers, property managers, and other real estate professionals.
Surveys and market report: Industry organizations and research firms often conduct surveys or publish market reports that include data on commercial real estate trends. You can also find data through press releases.
Online resources: You can access information on commercial real estate on online resources such as property listing websites and news websites that cover the real estate industry.
