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Task guide

Add rental and hotel rate comparables

Back up your rent assumptions with market-rent comps, or ADR, occupancy, and RevPAR comps for hotels.

5 to 10 minutes per comparableFor brokers supporting rent or hotel-rate assumptionsIntermediateLast verified October 5, 2026

Outcome

Your rental or hotel rate comps support the subject's rents with the right metric for the property type.

Navigation path

Document wizard > Rental Comparables or Hotel Rate Comps

Access

A document that includes Rental Comparables

On this page

Before you start

Data, sources, and access to prepare

  • Verified asking or achieved rent research
  • Comparable property facts
  • For hotel comps, ADR and occupancy

Use the property-specific branch

Rental evidence by asset

The same comparable editor changes its key metrics for hotels and unit-based properties.

  • Market evidenceCommercial
  • Market evidenceUnit-based
  • Market evidenceHospitality
  • CommercialComparable page
  • Unit-basedComparable page
  • HospitalityComparable page

Commercial rental

Primary entries
Market rent and SF
Calculated or summarized result
Average rent per SF when inputs support it

Unit-based rental

Primary entries
Market rent and units
Calculated or summarized result
Average rent per unit

Hotel Rate Comp

Primary entries
ADR and occupancy
Calculated or summarized result
RevPAR equals ADR x occupancy

Complete research fields

Name and Address Recommended

Comparable identity and location.

Format
Plain-text name and postal address
Units
Not applicable
Save behavior
Saved when the Rental Comparable form Save action succeeds.
Downstream effect
Identifies and locates the record on the applicable Rental Comparables or Hotel Rate Comps page.

Market Rent Recommended

Observed asking or achieved rent used by non-hotel rental comps.

Format
Currency amount in the source basis
Units
Property-appropriate rent basis
Save behavior
Saved when the Rental Comparable form Save action succeeds.
Downstream effect
Feeds the non-hotel rent presentation and applicable per-SF or per-unit summary.

ADR Recommended

Hotel Average Daily Rate.

Format
Currency amount
Units
Currency per occupied room per day
Save behavior
Saved when the Hotel Rate Comparable form Save action succeeds.
Downstream effect
Combines with occupancy to recalculate comparable RevPAR.

Occupancy Recommended

Hotel occupied-room percentage.

Format
Percentage
Units
Percent of available rooms
Save behavior
Saved when the Hotel Rate Comparable form Save action succeeds.
Downstream effect
Combines with ADR to recalculate comparable RevPAR.

RevPAR Calculated

ADR multiplied by occupancy.

Format
Read-only calculated currency
Units
Currency per available room per day
Save behavior
No direct entry. Recalculates automatically from the comparable ADR and occupancy.
Downstream effect
Displays the normalized hotel-rate result on the comparable card and Hotel Rate Comps summary.

SF, Units, Rooms, Bedrooms, or Unit Mix Recommended

Context and denominators used by the property-specific presentation.

Format
Nonnegative numeric facts and property-specific mix detail
Units
Square feet, units, rooms, bedrooms, or mix counts
Save behavior
Saved when the Rental Comparable form Save action succeeds.
Downstream effect
Supplies the context and denominators for property-specific rental comparison output.

Description and Photo Optional

Optional context and visual identification.

Format
Plain text up to 300 characters; JPEG, PNG, or WebP under 25 MB
Units
Not applicable for text; file for image
Save behavior
Saved with the comparable after the supported image upload and form Save succeed.
Downstream effect
Adds reader-facing context and visual identification without changing calculated metrics.

Required means the field is needed to complete or support this workflow. Some screens allow a draft to save before every required item is complete. The steps and troubleshooting call out controls the product actively blocks.

Build the evidence set

Rental comparable steps

  1. 1

    Open the correct step

    Wizard navigation

    Open Rental Comparables. Hospitality documents label the step Hotel Rate Comps.

    Expected result: The editor displays property-appropriate fields.

    If this step does not work

    Confirm the subject property type if the label or metrics are wrong.

    Rental Comparables workspace with lease comparison fields and ordering controls.
    Enter comparable leases using the fields relevant to the property type, then verify units and presentation order.
  2. 2

    Add identity and context

    Add Comparable form

    Enter name, address, year, description, photo, and applicable physical facts.

    Expected result: The comparable can be identified and compared with the subject.

    If this step does not work

    Keep description within 300 characters and use a supported image below 25 MB.

  3. 3

    Enter the market metric

    Comparable form

    Enter market rent for non-hotel evidence, or ADR and occupancy for Hotel Rate Comps.

    Expected result: The relevant summary and calculated values update.

    If this step does not work

    Confirm currency and percentage conventions if a value appears implausible.

  4. 4

    Save the rental comparable

    Comparable form footer

    Select Add Comparable for a new record or Save Changes for an existing record.

    Expected result: The card appears in the comparable list.

    If this step does not work

    Do not rely on save as a completeness validation.

  5. 5

    Validate the rental comparable

    Comparable card list

    Compare all displayed facts with the research source.

    Expected result: The card accurately represents the source.

    If this step does not work

    Edit missing or incorrect fields.

  6. 6

    Order comparables

    Comparable card list

    Arrange records in the intended final sequence using drag or keyboard controls.

    Expected result: The display order updates.

    If this step does not work

    Use keyboard controls if pointer reordering is inaccessible.

  7. 7

    Review the final page

    Review & Customize

    Inspect metric labels, summaries, photos, descriptions, and ordering.

    Expected result: The evidence supports the subject assumption without mislabeled metrics.

    If this step does not work

    Return to the comparable form for any correction.

Resolve rental-comparable errors

The step says Hotel Rate Comps

Likely cause: Hospitality intentionally relabels rental comparables.

  1. Enter ADR and occupancy evidence.
  2. Verify RevPAR rather than a generic commercial rent metric.
RevPAR is too high or low

Likely cause: Occupancy or ADR uses the wrong units.

  1. Confirm ADR is a daily currency amount.
  2. Confirm occupancy is entered as a percentage.
  3. Multiply independently.
An average is missing

Likely cause: The required denominator or market value is blank.

  1. Complete the applicable SF, unit, room, and rent facts.
  2. Use only sourced values.

Rental comps ready

  • Correct property-specific step
  • Market values sourced
  • Physical facts complete
  • Hotel RevPAR checked where applicable
  • Cards ordered
  • Final output reviewed

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Verify financial pages before publishing

Do a final pass on the financial pages before you send: the right pages, the right labels, and numbers that tie out.

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Your next OM, done this afternoon

Turn your property facts, photos and financials into a polished, branded offering memorandum. Most brokers finish in 30 to 90 minutes.

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