Current Market Conditions at Your Fingertips
In 2007 Realty DataTrust introduced PadZing.com – another first for the apartment industry. It’s the new website that provides current statistics on apartment vacancy and rental rates. Currently in beta, PadZing.com is getting rave reviews from apartment industry consultants, management companies and experts in the industry who are impressed with the site’s ability to track and compare current data and assess trends.
The PadZing.com contributor database consists of nearly 900,000 apartment units. PadZing.com will be fully launched in Spring 2008 and will offer free as well as paid subscription-based access to information about current apartment statistics. PadZing.com is a tool that makes it easy for apartment managers, strategists and trend watchers to see current information and compare the performance for communities against the market.
"Having access to real-time information through PadZing.com is extremely valuable for property owners and managers. Understanding trends that are localized as well as those on a national level helps to bring to light rent and vacancy variations and deviations that we used to have to wait months to collect and analyze."
— Jack Kern, vice chairman of the National Multi Housing Council's Research Committee