Pain point
Renewal pricing shouldn't be a guess
Without a reference point grounded in what your own buildings actually rent for, a renewal price defaults to 'whatever it was last year plus a bit' — which either leaves money on the table or risks pricing out a tenant who was going to renew.
The problem
A generic market report doesn't reflect a specific building, floor or unit type — and pulling one together manually for every renewal isn't realistic at portfolio scale.
Why it matters
Mispriced renewals compound across a portfolio — a few percent off on every unit adds up to a meaningful gap in annual rent roll, in either direction.
How Meridian helps
- Rent benchmarking computed from your own portfolio's historical tenancy data, not a generic market average
- A confidence score attached to each estimate, so thin data is flagged rather than treated as certain
- Benchmark available at the point a renewal notice is being prepared
FAQ
Is this based on public market data?
No — the benchmark is computed from your own organisation's historical tenancy data, not a third-party market feed.