What is real estate data?
- Cost to occupy new space?
- Labor costs by workforce type?
- Unemployment rate?
- Commutation style in the market?
- Nearby amenities?
- Historical trends?
- All the above?
- None of the above?
Real estate, by its nature, crosses over into every data type that is out there. If you are a business looking at a new market, you want to know what kind of business environment you are moving into. If you are looking for a new office in an existing market, you want to know the cost and the impact on your current workforce.
Real estate data doesn’t exist on its own. Real estate data covers everything.
Here’s what you need if you are actually going to create an effective real estate database: collect everything and make it easy for users to pick and choose the data they need. Even better: help the user pick the RIGHT data elements they need.
Maybe this means that real estate data doesn’t really exist at all?….