Zillow has announced a collaboration with Moody’s, a renowned provider of commercial real estate (CRE) solutions and analytics. This partnership aims to enhance the data and insights available to Moody’s customers and Zillow’s multifamily rental partners.
Through this collaboration, Zillow’s multifamily rental partners will gain access to enhanced reports and analytics, leveraging Moody’s comprehensive data and CRE solutions. These insights will help partners optimize pricing strategies and analyze local economic and demographic trends to reduce downtime between leases.
Starting in July, Zillow will provide rental partners with a new market report featuring local real estate trends, including rent, vacancy, and inventory data for each property based on location. These reports will be automatically available in eligible partners’ Zillow Rentals Ad Manager (ZRAM) accounts. This initial report is part of ongoing enhancements, with more detailed insights expected later this year.
“Data is crucial for our multifamily rental partners in managing their properties,” said Michael Sherman, vice president of Zillow Rentals. “Moody’s robust multifamily database and expertise in data analysis make them an ideal partner to help us give multifamily buildings a clearer view of the rental marketplace. We’re excited to offer this initial report and for more valuable insights we’ll be sharing later this year.”
Combining Zillow’s and Moody’s expertise enhances the value delivered to both companies’ partners and customers. Beginning this summer, Moody’s CRE offerings will utilize Zillow’s multifamily rental property database to enrich its market rent and vacancy data across the U.S. This partnership provides deeper insights and improved data analyses, benefiting Moody’s customers.
“We are excited to bring Moody’s CRE trusted market knowledge and insights to Zillow’s expansive audience, especially within the multifamily rental space,” said Luis Amador, general manager of commercial real estate at Moody’s. “By integrating Zillow’s multifamily rental property data into our CRE data platform, we are enhancing the breadth and depth of our market rent and vacancy data and elevating the value we deliver to our diverse customer base of investors, lenders, and brokers. Additionally, this collaboration equips Zillow clients with the robust market intelligence they need to confidently navigate the real estate market.”
With more refined and comprehensive data analyses, both Zillow and Moody’s are well-positioned to continue providing leading solutions in the multifamily real estate market. Stay tuned for updates on how this collaboration will continue to inform and empower the multifamily rental industry. In the meantime, explore Zillow’s publicly available housing data from their economic research team.
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By Proptechbuzz
By Ravi Kumar
