Emerging technologies are rapidly transforming the landscape of business.  Although a technological transformation is occurring slowly in commercial real estate, vast momentum in the last year provides a glimpse into the future.  As I wrote earlier this year in my post on commercial real estate technology (insert link), much of this innovation allows us to perform everyday tasks faster and with more precision.

The following are some of my favorite ways to quickly understand demand metrics in a micro-market – namely “asking rents”.  There are myriad services that provide rental rates based on a subscription model. And those services provide useful data.  The below allow quick glances, are mobile optimized – and frankly, are a lot of fun to explore.

As an owner, the usefulness of these services transcends simply understanding comparable asking rents.  Opportunities exist for best-in-class marketing, understanding the choices and predilections of your renter and gathering data for possible reposition or sale strategies.

I have some favorites from the below list.  Feel free to contact me or learn a bit about me from my website to understand how I use this information to help my clients outperform the market.  Enjoy!

Lovely – www.livelovely.com

Radpads – www.onradpad.com

Zumper – www.zumper.com

Zillow – www.zillow.com (watch for Zillow to try to conquer this space!)

Padmapper – www.padmapper.com

Hotpads – www.hotpads.com

Apartment List – www.apartmentlist.com

Apartment Guide – www.apartmentguide.com

Rent.com – www.rent.com

Comfy – www.rentcomfy.com (geared toward student housing)