#Japan #Tokyo #At Home #Real Estate Data Pro #Rent Estimation

At Home's New Addition: Rent and Vacancy Rate Estimation Feature

At Home, a key player in the real estate information service sector based in Tokyo, has launched an exciting new feature for its GIS service known as Real Estate Data Pro. This feature, dubbed the Rent and Vacancy Rate Estimation, allows users to quickly and efficiently analyze important real estate metrics such as estimated rents and vacancy rates, thereby enhancing operational efficiency for businesses handling real estate.

Collaboration with Japan Risk Data Bank

This innovative tool has been developed in collaboration with Japan Risk Data Bank, a company that specializes in providing big data solutions and data science services. The introduction of this feature is expected to streamline workflows and elevate proposal processes for real estate professionals.

Feature Overview: Rent and Vacancy Rate Estimation

The newly unveiled Rent and Vacancy Rate Estimation feature offers detailed insights into:

• - Estimated Rent: Users can determine estimated rents for their properties by inputting relevant conditions. The system processes this information statistically, utilizing historical listing data from the At Home Real Estate Information Network to provide a reliable estimate based on similar properties.
• - Estimated Vacancy Rate: This component provides a localized estimate of vacancy rates based on factors such as building structure, age, and square footage, calculated on a town block level using unique historical data.
• - Rent Decline Rate: It offers a projection of how much rent might be expected to decline year-over-year based on stored data and statistics.
• - Rent Change Rate: This measure indicates the percentage of properties experiencing rental adjustments within a given area each year.

Users can produce a rental income simulation using the results from the four metrics mentioned above to enhance their decision-making capabilities substantially.

Intended Use Scenarios

The Rent and Vacancy Rate Estimation feature is versatile and can be utilized across various real estate-related sectors:

• - For Rental Management Companies: This feature can serve as a credible reference for owners during rent adjustments and helps in sharing future risks based on income plans.
• - For Construction Firms: It aids in evaluating potential investment properties using estimated rents and income simulations during the construction process.
• - For Acquisition and Resale Companies: It assists in the rent assessment and the relevant simulations regarding vacancy and rent decline when evaluating property purchases.
• - For Sales Brokerage Firms: It enables agents to present potential properties using metrics like estimated rent and vacancy rates during client consultations.

Background of Feature Development

The need for localized vacancy rate data has been a concern for real estate companies and financial institutions, which At Home responded to by initiating joint research with Japan Risk Data Bank in 2016. The logical framework for calculating the aforementioned metrics has undergone scrutiny and development to ensure accuracy, subsequently being customized for the Real Estate Data Pro service. As the real estate landscape evolves due to demographic shifts like population aging and urbanization, this new feature is timely, particularly with upcoming regulations related to inherited properties.

Thus, At Home is committed to the ongoing development of its services to facilitate digital transformation for all real estate stakeholders by leveraging diverse data more effectively.

Overview of Real Estate Data Pro

Real Estate Data Pro is a comprehensive GIS service that allows users to choose locations for research and acquire vital information regarding historic market data, urban planning details, neighborhood demographics, hazard assessments, and relevant facility information via an intuitive map-based interface. This service is instrumental in preparing property research and proposal documents quickly and effectively, with extensive uptake across various sectors, including real estate agencies, financial institutions, and property appraisal offices.

About Japan Risk Data Bank Inc.

• - Founded: April 2000
• - CEO: Toshiyuki Okubo
• - Location: 15th Floor, Hamarikyu Parkside Place, 5-6-10 Tsukiji, Chuo-ku, Tokyo
• - More Information

Through the innovative Rent and Vacancy Rate Estimation feature, At Home reinforces its dedication to improving efficiency in the real estate industry, demonstrating its commitment to integrating advanced technology and data-driven solutions.