The Core Objective
Our forecasting engine is built to answer one core question: “What should I realistically expect from this property over the next few years?”
Our Forecasting Approach: ApartmentIQ
To answer this question with confidence, we combine property-level data with market intelligence using two complementary approaches
1. Property- Specific Forecasts
When a property possesses sufficient high-quality data and a critical mass of similar assets, we generate a standalone forecast specific to that property.
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Inputs: We combine the asset's historical performance, daily unit-level rents, local demographics, and new supply pipelines.
- Output: A forward-looking view reflecting actual asset performance, including a specific year-over-year (YoY) rent growth metric displayed on the Property Detail Page.
This approach delivers a transparent way to compare future performance, offering higher confidence for underwriting, renewal, and pricing decisions.
2. Submarket-Anchored Forecasts, Calibrated for the Asset
For properties that lack the historical depth to support a standalone model, we anchor the forecast to the market and then specifically tailor it to the subject property.
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Inputs: We anchor the model to expected market performance, then calibrate it to the specific asset using its daily unit rents, surrounding demographics, and local supply dynamics.
- Output: A submarket-informed forecast that is specifically tuned to the property—never a generic submarket line.
This offers a credible, market-grounded forecast that ensures consistency across asset types and provides a clear view for evaluating new or recently stabilized properties.
In both cases, the goal is the same: a forecast that is grounded in reality and usable for real investment and asset management decisions.
What It Looks Like
Property-Specific YoY Rent Growth
When you see a property-specific YoY rent growth metric, it is grounded in that asset's history, local demographics, new supply, and closely matched peers.
Example: A specific property (e.g., MacArthur Place at 183) is compared directly against the Metro Area.
Submarket-Based Forecast
When you do not see a property-specific YoY metric, you are looking at a submarket-based forecast tailored to that property using daily rents, demographic context, and new supply.
Example: A submarket (e.g., South Irving) is shown relative to the Metro Area.