Reonomy Expands Commercial Real Estate “Market Insights” to MSA 30
NEW YORK, August 3, 2021 / PRNewswire / – Reonomy, the leading provider of actionable CRE data, has expanded its Market Snapshot information on a total of 30 metropolitan statistical areas (MSA), in the categories Multifamily, Office, Retail, Industrial and Hospitality. The expansion is part of Reonomy’s commitment to helping organizations, ranging from brokerage houses and banks to commercial service providers, better understand the people, properties and businesses behind commercial real estate (CRE).
Reonomy pulls data from a vast network of vendors to aggregate information on all commercial properties in the United States, including appraiser, census, transaction, geospatial, property and occupant data. Using machine learning and proprietary entity resolution capabilities, Reonomy then assembles all the data sources at the field level with a unique identifier. The resulting dataset is a collection of cutting edge information on over 50 million commercial properties.
Reonomy’s Market Insights leverage this data set to provide a timely snapshot of each MSA. Centered around the Reonomy Price Index (RPI) – a collection of composite selling price indices measuring changes and fluctuations in markets by asset type – market overviews also include sales mix, volume of sales, market share, monthly transactions and notable sales.
Notable results from Reonomy’s latest update on its Market Insights include:
- The recovery in the event of a pandemic is uneven for offices: Out of 30 markets, only three have returned to their pre-pandemic levels in terms of office sales volume: San Antonio (+ 20%), Phoenix (+ 20%) and Tampa (+ 12%). All others are at or below 2019 levels.
- What technological exodus?: that of San Francisco The 12-month moving average RPI of 382 for Office transactions is higher than at any time over the past 20 years, indicating that the impact of a “technology drain” from the Bay area was significantly overestimated.
- The Retail Struggle: While retail sales volume has returned to 2019 levels in a handful of MSAs, it remains precipitously low in cities like new York, where the volume decreased by 80% from pre-pandemic levels in 2019, and Dallas, where the volume decreased by 54% compared to 2019.
“The data landscape for commercial real estate is incredibly fragmented. Reonomy is designed to help CRE professionals make smarter decisions with all their data and information in one place, ”said Bill Okun, CEO of Reonomy. “We make these Market Glances available to the public so that everyone in CRE can understand, at a macro level, what is happening in a given area. Whether you are looking for notable deals in a specific city or are interested in market share per image square, we have the analysis in one convenient place. ”
Reonomy is the leading provider of CRE information, providing top brokers, financial institutions and trade service providers with actionable data and solutions. Armed with Reonomy’s enterprise products, CRE professionals and organizations gain a comprehensive understanding of the market, uncover opportunities, and streamline research processes. For more information visit https://www.reonomy.com or follow us @Reonomy on Twitter.