Reis Inc., a provider of commercial real estate information, has completed the second of a two-phase expansion of its office sector coverage – adding an additional 30 metropolitan areas to bring the total number covered to 132.
The company cites the increasing importance of smaller markets to investors and lenders in commercial real estate. ‘Investment in the office sector reached a peak in the months before last year's abrupt shift in credit market conditions,’ says Dr. Sam Chandan, chief economist. ‘The divergence of property trends in the nation's office markets since then has underscored the critical importance of assessing localized property performance when evaluating new opportunities and reconsidering recent years' assumed exposures.’
For each of the new markets, Reis offers its property-level Rent Comparables report, as well as a new Performance Monitor report. The Performance Monitor provides current and historical measurements of rent, vacancy and inventory, as well as relevant economic and demographic information, the company says. To facilitate the comparison of market conditions, this information is displayed within regional and national context.
Source: Reis Inc.
