Feature
Rent benchmarking against your own portfolio history
Renewal pricing decisions are usually made on gut feel or a market report that has nothing to do with your actual buildings. Meridian's rent benchmarking tool looks at your own portfolio's historical tenancy data — what units in the same building and area actually rented for — and surfaces a benchmark with a confidence score attached.
The problem
Without a reference point grounded in your own data, a renewal price is either copied from last year's rent or pulled from a generic market report that doesn't reflect your specific buildings and unit mix.
Why it matters
Pricing a renewal too high risks a vacancy; pricing it too low leaves money on the table across every unit in the portfolio — the gap compounds fast at scale.
How Meridian helps
- Rent benchmarks computed from your organisation's own historical tenancy data, not third-party market averages
- A confidence score attached to each estimate, so a thin data set is flagged as such rather than presented as certain
- Benchmarks available at the point a renewal notice is being prepared, not as a separate report to go find
- Portfolio-level and building-level views for comparing how a specific unit's rent tracks against similar units you already manage
FAQ
Where does the rent benchmark data come from?
It's computed from your own organisation's historical tenancy records — actual rents achieved on comparable units — not an external market feed.
What does the confidence score mean?
It reflects how much comparable historical data exists behind a given estimate, so a benchmark based on a handful of prior tenancies is flagged as lower-confidence than one based on many.