How Reliable Is Commercial Real Estate Data?

Let's be honest: we love data. But how useful is it, really? The truth is numbers can lie, argues CPEX co-founder and managing partner Timothy King. He points out that even information like price per buildable SF, vacancy rates, and comps have many variables that can influence outcome. For instance, a motivated buyer or a specific location could make a difference in price that might not accurately reflect market value. There's also the issue of small or selective sample sizes. Services like CoStar offer more comprehensive research than most, but are still based on participating brokers, owners, and tenants, King says. It's important to really know the sources and methodology behind the statistics to truly be informed, especially since so many are using the same incomplete "data dump," because as King states, one in three statistics in commercial real estate is misleading. [CO]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI