Featured Update: Draw the Trade Area You Actually Underwrite
A very popular request!
In addition to the standard radius and drive time trade area options, you’ll now have the ability to draw a custom trade area. This will allow you to cut out and configure a custom analysis region based on rivers, highways or any other geographic or demographic barrier or nuances in your trade area.
Custom shape sits alongside Radius and Drive time in the area selector. You can draw one from scratch or start by editing a radius or drive time. Drag corners, add points, remove them, and keep adjusting until the boundary matches the market you’re actually underwriting.
Once you’ve configured your custom area, every data point runs over that shape. The executive summary, every export, etc.
Shapes can run up to 1,000 square miles and can’t cross over themselves. Exports produce one area, labeled “Custom shape.”
Rate Analysis
Save your most commonly used rate analysis in templates:
Rate Analysis now has a Templates chip row at the top of the report. Everyone starts with three: All sizes, Climate Control Premium (10x10, broken out by climate control), and Management Type (10x10, by management type). Click a chip to switch between them.
From Customize, you can save your current setup two ways. Save it as a template and it’s available on every deal you run. Save it as an analysis and it stays with that specific deal. Either one can be renamed, updated, or deleted, and you can discard unsaved changes at any point. The active item shows “(edited)” when you’ve changed something, so you always know whether you’re looking at the saved version.
If you run the same cut every time you open a deal, build it once this week and you’ll never rebuild it again.
Break rates down by facility age:
A new build and a 20 year old facility don’t price the same way, and averaging them together hides exactly the spread you’re trying to measure. Rate Analysis now groups facilities by vintage: New build (under 2 years), 2 to 5, 5 to 10, 10 to 20, 20+, and Unknown.
It works everywhere the rest of Rate Analysis does, including the chart, the table, the Excel export, and your saved templates. A line above the chart tells you how many facilities in the area don’t have a year built on file, so you always know what the Unknown group represents.
Pair it with the template feature above and the vintage cut you care about is one click away on every deal you open.
Rate Data and Labeling
“Upper-level” is now “Level not stated.”:
Pricing rows where the listing doesn’t name a floor or access type now read “Level not stated” in Rental Comps, Rate Analysis, and both Excel exports, with an About this data icon explaining the four access types. Your saved settings and analyses keep working.
Parking rates and promotions in daily pricing:
Every daily pricing row now carries its unit type and the promotions running on the units behind it. Storage units remain the default, so existing API calls return exactly what they returned before plus two new fields. Parking and container rates are opt in, since they aren’t comparable to storage rates. The pricing trends tool has the same option. If you have not yet been using the TractIQ daily rate API or daily rates from the AI Connector, contact our team and we’ll help set it up for you.
A note on level labels: the pricing trends tool now reports level_not_stated in place of upper_level, and still accepts the old value, so nothing you’ve already built breaks.
Map
Focus mode:
While the insight panel is open, a focus button above the zoom controls slides the panel into a thin side bar and collapses the legend, so you get the map back. Click again to bring both back.
Reset your map layers:
A Reset button in Map layers clears your saved layer defaults on the default map and reloads a clean map, after a confirmation.
Executive Summary
Crime Level for the trade area:
The Executive Summary now shows a Crime Level for your selected trade area, just below Sq. Ft. per Household. It’s the population weighted average crime index of the block groups in the area. The same figure appears in a new Crime section of the Demography data export and in the AI Connector.
Listings
Brokers can who downloaded which files:
Want to reach out to all the investors that have downloaded data from your listing? A listing’s Activity page has a new File Downloads section showing each buyer and the files they pulled, covering both OMs and facility files. Filter it, search it, sort it, and page through it the same way you already do with Information Requests.
AI Connector and Exports
Construction costs and the general contractor:
Storage facility report downloads now carry each project’s total hard costs, sitework costs, and vertical building costs, plus the general contractor’s name. The AI Connector returns the same four details.
Open a full listing from the AI Connector:
A new listing details tool returns everything the listing page shows for a single listing: the listing itself, every facility on it with its TractIQ facility ID where matched, the offering with description, investment highlights, broker contacts, bid process, offers due date, seller financing and CA link, each facility’s property details, trade area, and broker entered unit mix, plus every attached document and image with a download link.
Account and Organization
Org admins can see API usage against the limit:
The Usage page adds a chart of API calls per day with a dashed line at your current API limit. Days over the limit are marked in red, and the date range switches the same way the AI Connector chart above it does. Regular members see no change. To see the chart, navigate to "user info" (your name plate on the top right of the page) -> "manage your account" -> "usage".
Invite reminders:
People you invite to your organization now get a reminder 48 hours and 6 days after the invite, telling them how many days are left before it expires. Self-signup and trial invites aren’t reminded.
A Terms of Service notice now sits under the login button.
Data Updates
Data now refreshes every day, weekends included. We were updating data every weekday but now updates flow through 7 days per week.
Monthly rates are now built directly from daily rates. Monthly pricing is the average of a facility’s daily prices for that month, so the two always agree. Facilities that previously had daily coverage but no monthly price now have one. Some monthly averages may have shifted with a slight update to our methodology that we believe better reflects how a monthly market average price should be averaged. For more information on how our aggregation method works, see the linked articles dedicated to how we report rate data and how we gather rate data.
New, Updated, and Removed Development Sites:
|
New Developments |
Updated Developments |
Removed Developments |
|
139 |
90 |
137 |
New, Updated, and Removed Facility Count:
|
New Facilities |
Updated Facilities |
Removed Facilities |
|
31 |
10,169 |
36 |
Bug Fixes
- Fixed: Units at facilities that are 1 level now are labeled as Ground Level in rate trends, rental comps, and rate analysis (previously they had unlisted level).
- Fixed: Clicking a facility line on the Operating Performance chart now changes the selected month and keeps that facility highlighted. Previously only the market average line changed the month.
- Fixed: The data exports dialog showed the limit reset date a day early for users west of UTC, which is every US time zone. The date now displays correctly, in US English format like other dates in the app.
- Fixed: Saving a deal from the map puts it in the list that map tab is showing, even if another tab switched lists in the meantime.
- Fixed: Three map crashes, covering picking an address while a facility popup was open, clicking Export before facilities finished loading, and the grey map after a computer wakes from sleep, which now offers a Reload button.
- Fixed: Listing pages sometimes failed to load their photos.
- Fixed: Some users saw an “Authentication required” error on My Deals.
- Fixed: A listing that can no longer be published can now be deleted.
- Fixed: Loading placeholders no longer flash when a page loads quickly.
- Fixed: Listings accept a negative NOI.
- Fixed: The Rental Comps export’s Hist Rate Trends sheet now averages the twelve monthly rows (rather than averaging all the data points over the 12 month period).