If you’ve ever searched for commercial real estate you’ve seen that in many cases finding information in much harder than residential real-estate. CompStak is looking to solve this problem by bringing transparency to the commercial real estate marketplace by setting up a system to find comps for all properties. The system is set up where you submit your own comps of properties to receive points and in return you can claim these points to access other property comps. Every comp submitted to the CompStak marketplace is checked by their analysts to make sure the numbers look consistent and that the data is correct. When searching for comps you can search using dozens of different data points including square footage, transaction size, space type, starting rent/effective rent and more.
The service seems to be a win-win for all involved as brokers, investors, and researchers can get the information they need in a transparent market that’s also free if you contribute your own comps. The company also has multiple paths for revenue through data and purchasing credits which should keep the CompStak market booming since users can contribute without being forced to pay membership fees like other products. The company was founded by Michael Mandel, a commercial real estate broker and Vadim Belobrovka, the technical lead on the project who has consulted for major financial brands such as UBS, Citigroup, and JP Morgan Chase. The company was also a part of the 500 Startups incubator. CompStak is currently accepting new users and you can sign up by filling out more information on their website linked below.