What’s New in Your Submarket? 4 ALN OnLine Reports That Give You an Edge This Budget Season
Staying ahead of multifamily submarket trends is essential for property managers, asset managers, and owners, especially during budget season. The right data can mean the difference between a budget that’s on target and one that misses the mark. ALN OnLine offers a suite of powerful reports designed to give you a clear edge in submarket analysis and budget planning. In this article, we’ll spotlight four ALN OnLine reports that help you track what’s new in your submarket and improve your multifamily budget accuracy.
1. Submarket Trends Report
The Submarket Trends report is your go-to resource for understanding the latest shifts in your local apartment market. This report provides detailed insights into rent growth, occupancy rates, concession activity, and absorption trends at the submarket level. By analyzing these multifamily submarket trends, you can identify emerging opportunities and risks, benchmark your property’s performance, and make data-driven decisions for your budget.
How it helps your budget:
- Pinpoints rent and occupancy trends for more accurate revenue projections
- Highlights seasonal patterns and market cycles
- Supports competitive positioning and rent growth assumptions
2. Construction Summary Report
New supply can dramatically impact your property’s performance and budget. The Construction Summary report tracks all new multifamily construction activity in your submarket, including properties in planning, under construction, and recently delivered. This visibility allows you to anticipate changes in supply and demand, adjust your leasing strategy, and plan for potential shifts in occupancy or rent growth.
How it helps your budget:
- Identifies upcoming competition and potential lease-up challenges
- Informs renovation and capital expenditure planning
- Helps forecast occupancy and rent trends based on new supply
3. Market Survey Report
The Market Survey report is a powerful tool for benchmarking your property against direct competitors. It provides a side-by-side comparison of rents, occupancy, amenities, and concessions for up to 12 comparable properties in your submarket. This level of detail ensures your budget assumptions are grounded in current market realities, not just historical data or best guesses.
How it helps your budget:
- Validates rent and occupancy assumptions with real-time data
- Reveals gaps in amenities or pricing compared to competitors
- Supports defensible, data-backed budget presentations
4. Quarterly County Report
For a broader perspective, the Quarterly County report delivers a comprehensive overview of multifamily performance at the county level. This report tracks key metrics such as average rent, occupancy, absorption, and new supply across all submarkets within the county. You’ll also find employment data sourced from the U.S. Bureau of Labor Statistics (BLS) and demographic data sourced from the U.S. Census Bureau within the report. By understanding both the micro and macro trends, you can ensure your budget aligns with larger market forces.
How it helps your budget:
- Provides context for submarket performance within the wider county
- Identifies county-wide trends that may impact your property
- Supports strategic planning and portfolio-level budgeting
Unlock the Power of Submarket Analysis This Budget Season
Multifamily submarket trends are constantly evolving, and having the right reports at your fingertips can make all the difference during budget season. ALN OnLine’s Submarket Trends, Construction Summary, Market Survey, and Quarterly County reports give you the actionable insights you need to build accurate, defensible budgets and stay ahead of the competition.
Ready to see how ALN OnLine can help you master your next multifamily budget season?
Request a demo today or explore more about how ALN OnLine can help your business this Budget Season and beyond.
Disclaimer: All content and information within this article is for informational purposes only. ALN Apartment Data makes no representation as to the accuracy or completeness of any information in this or any other article posted on this site or found by following any link on this site. The owner will not be held liable for any losses, injuries, or damages from the display or use of this information. All content and information in this article may be shared provided a link to the article or website is included in the shared content.