How We Report Rental Market Conditions
Rental market conditions are reported at two levels: Rental rates and concessions; and market occupancy. These components of the Rental Market are surveyed, and reported, as:
Rental Rate Reporting
Rental rates are gathered as a prospective renter by telephone survey, then reported in both Actual, and Market Rate, formats. The market rate is an actual rate, adjusted to apply an apples-to-apples comparison. For a definition of the Market Rental rate, click on How We Define Rental Rates
Rental Concessions
Rental rate concessions are gathered as a prospective renter, by telephone survey, and are representative of promotional offerings made available to prospector residents at the time a survey was completed. When complete, surveys are tabulated to provide a representation of concessions in effect during the survey period.
Occupancy
Market occupancy is reported by outside surveying agencies in markets where market surveys are made available. For additional information, click on How We Report Market Occupancy.