Reonomy Expands Its Commercial Real Estate Market Views To 30 MSA

0
48

[ad_1]

NEW YORK, August 3, 2021 / PRNewswire / – Rheonomy, a leading provider of actionable CRE data, has expanded Market Review Understanding of a total of 30 Metropolitan Statistical Areas (MSA) by category for apartment buildings, offices, retail, industry and hospitality. The expansion is part of Reonomy’s commitment to helping organizations – from brokerages and banks to commercial service providers – better understand the people, property and companies behind commercial real estate (CRE).

Reonomy extracts data from an extensive network of vendors to aggregate information about all commercial properties in the United States, including appraiser, census, transactions, geospatial data, property and tenant data. Leveraging machine learning and proprietary object permissions, Reonomy then aggregates all parcel-level data sources using a single identifier. The resulting dataset provides industry-leading information on over 50 million commercial properties.

Reonomy Market Glances uses this dataset to provide a timely snapshot of each MSA. Focused on the Reonomy Price Index (RPI) – a collection of composite selling price indices that measure changes and fluctuations in markets by asset type – Market Glances also includes sales structure, sales volume, market share, monthly transactions, and significant sales.

Notable results from Reonomy’s latest Market Watch update include:

  • For offices, recovering from a pandemic is not always relevant: In 30 markets, only three of them have reached pre-pandemic levels in terms of office space sales: San Antonio (+ 20%), Phoenix (+ 20%) and Tampa (+ 12%). All others are at or below 2019 levels.
  • What is Tech Exodus?: San Francisco The 12-month moving average RPI for Office transactions of 382 is higher than at any time in the past 20 years, indicating the impact of the “technology exodus” from The bay was sharply overstated.
  • Fighting retail: While retail sales have rebounded to 2019 levels across multiple MSAs, they remain extremely low in cities such as New Yorkwhere volume is down 80% from pre-pandemic levels in 2019, and in Dallaswhere volume is down 54% from 2019.

“The commercial real estate data landscape is incredibly fragmented. Reonomy aims to help CRE professionals make smarter decisions by using all their data and ideas in one place, ”said Bill Okun, CEO of Reonomy. “We are making these market surveys publicly available so that everyone at CRE can understand at the macro level what is happening in this area. Whether you’re researching noteworthy transactions in a specific city or interested in market share per square footage, we’ve got the analysis in one convenient place. ”

Reonomy market overview available to everyone here… For more information on Reonomy or its market overview visit reonomy.com

About Reonomy
Reonomy is a leading CRE analytics provider providing actionable data and solutions to leading brokerage firms, financial institutions and commercial service providers. Armed with enterprise-grade Reonomy products, CRE professionals and organizations gain in-depth market insight, opportunity and research optimization. For more information visit https://www.reonomy.com or follow us @Reonomy on Twitter.

Media Contact:
Dave Heinzinger
[email protected]

SOURCE Reonomy

Related links

https://www.reonomy.com

[ad_2]

Source link