RealtyRates.com Announces Successful Launch of Third Quarterly Survey

RealtyRates.com Announces Successful Launch of Third Quarterly Survey. New RealtyRates.com Market Survey of Commercial Real Estate Sales and Operating Data at the Metro Level Garners More Than 1,400 Subscribers First Day Offered

BRADENTON, FLORIDA - August 25, 2002

Internet-based commercial real estate information service provider RealtyRates.com has announced the successful launch of its third quarterly survey.

The new RealtyRates.com "Market Survey" tracks sale prices, asking and effective rental rates, other income, occupancy rates, effective gross income, operating expenses, operating expense ratios, net operating income, cap rates, and gross rent and effective gross income multipliers for seven property types. The data is provided on a national and regional basis, as well as for 41 metro market areas throughout the continental United States.

According to RealtyRates.com president Robert Watts, "The new Market Survey represents a major, customer-driven change in our core operations. Since 1992, we have concentrated exclusively on financial and investment rates and ratios. But now, and largely at the request of numerous Investor and Devloper Survey subscribers, we have turned our attention to what they, our customers, indicate is a need for timely, accurate market data that goes beyond rents and vacancy rates. And clearly this is so, because the initial response was nearly over whelming."    

With its proprietary market research, Bradenton, Florida-based RealtyRates.com (www.RealtyRates.com) supports commercial property analysts, appraisers, assessors, brokers, developers, investors, and lenders nationwide. The "Market Survey" joins the RealtyRates.com "Investor Survey" of mortgage and equity requirements and cap and discount rates for 32 income-producing property types and "Developer Survey" of actual and proforma discount rates for 22 sell-out property types in providing data essential to the appraisal, assessment, financing, marketing, acquisition, and disposition of investment grade real estate. The company's Web site also serves as a largely free online news, research and reference center geared towards the commercial real estate industry.