Concurrent with the Release of Q2 2007 Commercial Real Estate Research Findings, Reis, Inc., Announces Major Upgrade to Reis Sub
01 August 2007 - 10:24PM
Business Wire
Reis, Inc. (AMEX stock symbol WRP), today introduced a suite of
major enhancements to the company�s flagship product, Reis
Subscriber Edition (Reis SE). Reis clients who visit www.reis.com
to view Reis�s Q2 2007 commercial real estate market findings,
which were also released today, will find that their service has
been enhanced as follows: 1) New Construction updates are now
available weekly�instead of quarterly; 2) New Construction Comps
have been added to the company�s popular Rent Comps and Sales Comps
modules; 3) the existing New Construction report now includes
post-construction performance data; and 4) a new Email Alerts
service is now available for real-time notification of sales
transactions, new construction activity, metro-specific Reis
narrative reports, and CMBS analyses. �These enhancements are part
of a long-term development strategy that will add new markets and
increase the frequency of Reis data releases,� says Reis Chief
Operating Officer Bill Sander, noting also that in May the company
expanded into 52 additional apartment markets, bringing Reis�s
total apartment coverage to 134 markets. The New Construction
report provides Reis�s summary of construction activity at the
metro and submarket levels, and now includes lease-up performance
data for projects after they are completed. The Construction Comps
report allows users to view the nearest twenty planned, proposed,
underway, and recently completed projects surrounding a given
address. �Additions to inventory can have a significant impact on
the competitive landscape within defined geographic areas,� says
Reis Chief Economist Dr. Sam Chandan. �In many of the nation�s
leading markets, current construction activity will result in a
marked increase in completions in the third and fourth quarters.
The Construction Comps report allows underwriters, developers, and
brokers to remain abreast of this activity.� �The move towards more
frequent data releases created an obvious need for a proactive way
to alert users to new or updated information,� says Sander. The
company�s new Email Alert mechanism lets users establish data
filters that will only alert them of updates that are of interest
to them. �By way of example, a Reis SE user can now establish an
email alert for all sales transactions within a specific set of
metros, where sales prices and cap rates fall within specific
ranges.� About Reis, Inc. � A leading provider of real estate
market information to the investment community for more than 25
years, Reis, Inc., offers unrivaled coverage of 134 U.S.
metropolitan areas. Reis SE has been widely adopted by institutions
around the world, who use Reis data and analytics in all phases of
real estate asset and portfolio management. More information is
available at http://www.reis.com.
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