ApartmentIQ

Help with our pricing by reviewing our comps

detailed information

live accuracy in pricing, mine isn't always updated live

The use of 100% public data is also beneficial for us and our stakeholders relative to the internal surveys previously being utilized. It feels low commitment to check in weekly or even daily to get a rough idea of where the submarket is. It helps relieve our onsite teams from making manual updates.

The interface in general seems user friendly and intuitive. I find the quick comparisons of stats across the comps helpful and easy to digest upon initial glance. I enjoy that the market reports can be sent on an automatic schedule, and how other potential comps to add to the set are denoted with 'comparability' scores. It is easy to add and remove comps from your set, and their team has also been helpful in responding to any questions regarding the reports and data.

One question that tends to come up regards the definitions and data that make up the Advertised Occupancy and Leased stats. Without actively seeking clarity, it may be unclear initially what information comprises these stats and how accurate we can expect them to be compared to current actuals. One other item to note is that Concession notes may have a lag as to how current they actually are relative to what property websites actively reflect. Overall, the data is useful for comparing across the comp set and having a relative idea of where the subject property lines up with the submarket.

Apartment Owners, Student Housing, Commercial Real Estate, Capital Investors