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GeoPhy Launches Neighborhood-Level Price Indexes Nationwide
GeoPhy on Tuesday launched neighborhood-level price-per-square-foot indexes for multifamily properties for more than 10,000 neighborhoods nationwide. Using the indexes, GeoPhy now provides users with one-, three-, and five-year compound annual growth rates for multifamily prices.
The new capability enhances commercial real estate lenders and investors’ ability to understand the trajectory and evaluate the attractiveness of local areas, GeoPhy says.
The New York- and Netherlands-based GeoPhy’s new indexes are updated monthly and provide users estimated price-per-square-foot values back to 2005. With such data, for example, users can determine which neighborhood in a region suffered most during the 2009-2012 Global Financial Crisis. They can also identify neighborhoods that have demonstrated the most resilience since the beginning of the COVID-19 crisis.
GeoPhy’s multifamily price indexes join GeoPhy’s Neighborhoods; Tenant Credit Profile, its automated valuation model for multifamily properties; and GeoPhy’s collection of hundreds of individual benchmarks for use in analysis and modeling.
- ◦Sale/Acquisition
