Work With GSK to Develop Products That Meet Consumer's Needs.
www.innovation.gsk.com
Customized survey programming, reporting and sampling services.
www.decipherinc.com
Discover & Act on Consumer Opinion Free WoM Measurement White Paper
www.AndiamoSystems.com
Search Apartments by City & Price. View Photos, Amenities & More.
www.Rent.com
Search by bedrooms, cost & location See pics, floor plans, maps & more.
www.MyNewPlace.com
A provider of apartment market research to institutional investors, providing market reports and forecasts.
www.aptresearch.com
Provides institutional investors with fundamental market analysis, property-level performance and forecasts.
www.axiometrics.com
Publishes apartment market reports and information, preparing project specific market studies for investors and developers.
www.mpfresearch.com
Work With GSK to Develop Products That Meet Consumer's Needs.
www.innovation.gsk.com
Guide to Apartment Market Research
Conduct an apartment market analysis before you buy or rentWhether you conduct your own apartment market research, or hire an outside firm, the information you find can prove priceless when making your decision about buying or renting. Apartment market research can help you to:
1. Determine the vacancy rate of an area, which will give you an idea of the apartment market trends in your area.
2. Get an economic outlook for the area, which helps determine apartment market data such as demographic, average income information and more.
3. Find rental rates, so you could see how much you can charge at your prospective property.
Action Steps
The best contacts and resources to help you get it done
Use government reports to find apartment market trends
The federal government, through the census or other studies, has hundreds of apartment research reports that can be helpful when you are doing market research for apartments. These studies can tell you the demographics of your area, the vacancy rate or even an economic outlook.
I recommend:
The U.S. Census conducts a housing vacancy survey which gives rental and homeowner vacancy rates around the nation. The Bureau of Economic Analysis provides detailed information about the personal income of communities around the nation. Also, the Bureau of Labor Statistics has reports that estimate the employment rate and wage statistics of communities around the country.
Find apartment market data for your area
Several firms around the U.S. provide apartment market data research for areas around the country. These reports typically have a condensed and consolidated version of the information you would find in government reports.
I recommend:
M/PF YieldStar builds apartment market reports that analyze the market for the city in which you may be interested. Red Capital Group also provides city-by city apartment industry research on the outlook for multi-family housing.
Hire a firm to create apartment research reports
If you just don't feel comfortable doing your own market research, or you want to leave the job to professionals, consider hiring a market research firm. These firms specialize in apartment market data research and will also analyze the risks of your venture.
I recommend:
IBISWorld conducts apartment market studies and creates reports that present the operational risks of the apartment rental industry. DataQuick offers customized market research reports based on the data that you request.
Tips & Tactics
Helpful advice for making the most of this Guide- Before starting your apartment market research, decide what kind of information you need. This will help you narrow your search and possibly prevent you from buying market reports that you don't need.
- Avoid paying for apartment market research that simply delivers market data that you can find for free.
