Benchmark Report
The Eislen Benchmark Report – conducted three times annually – extends surveyed properties to include the fully, 50+ unit, property universe.
Activity reporting includes the three segments composing the full apartment industry definition of the term Market: Rental Market Conditions; Investor Activity; and New Development. Reporting quantifies change in:
- Employment
- Single–Family housing status:
- Affordability
- Inventory additions
- Public Transportation (light rail; freeway) changes / plan
- Apartment activity, illustrated among four rental household categories:
| Household Type | Pierce-Eislen Context® Rating Categories |
|---|---|
| Discretionary | A+ / A |
| Upper Mid–range | A- / B+ |
| Low Mid–range | B / B- |
| Workforce | C+ / C / C- / D |
Rental Market – Reporting illustrates absolute change by submarket, and rental household category in:
- Rental rates
- Rental concession participation, and;
- Concession depth
Investor Market – Investor activity - period–to-period, and year-to-year - illustrating total sales by:
- Number of properties sold
- Total dollar value of sales
- Rental Household Category
- Region
Development Market – Reporting of period-to-period, and year–to-year apartment completions - by submarket, and by property category:
- Most–active developers;
- Property category completions (i.e. Workforce, Low Mid–Range, High Mid-Range; Discretionary)
- Property type completions (i.e. market rate / fully affordable / workforce...)
- Properties under construction, and in planning / pre–planning illustrated by submarket and property type (i.e. Age Restricted; Fully Affordable...)
The Eislen Benchmark Report summarizes results in detail of a three–times-annually survey conducted of the full 50+ apartment market–rate apartment universe. Rental surveys are conducted as a renter. Where a property cannot be reached after five attempts, rents are "recycled", based on prior knowledge of rental rates within the surveyed property, and the property's competitive cluster.
(Example)