CompStak launches new sales comp database

CompStak today launched Sales Comps, a new crowdsourced database that delivers transparency to previously opaque commercial real estate sales transactions. The new database of commercial sales comparables is now available nationwide on all CompStak platforms.

Building on millions of incomplete sales records from public sources, CompStak is leveraging its massive nationwide network of commercial real estate professionals to crowdsource never-before-collected transaction details, including cap rate, NOI, and other critical details.

For the first time, CRE professionals will be able to instantly cross-reference sales and lease transaction records in a single platform. CompStak has built its reputation by crowdsourcing lease data. In pairing newly gathered sales transaction details with its unique lease comp database, CompStak is delivering a level of insight that can’t be found anywhere else. Now users can find sales records in buildings that have average rents above a certain price, identify prospective building acquisition targets with above or below market rents or deal velocity, and leverage CompStak’s lease transaction and building information to identify the competitive set of a building they are buying or selling.

Already, CompStak’s unique crowdsourcing model has resulted in privately held sales comps details that are not available anywhere else. CompStak has even begun providing data in states that do not require disclosure in commercial sales transactions, such as Texas. This new insight is integral to CompStak users’ ability to make informed decisions when buying, selling, or managing properties or analyzing market trends.

“The launch of our Sales Comps platform represents a major milestone in the history of CompStak. Over the past 5 years we have built a scalable infrastructure that allows us to crowdsource commercial real estate data of all kinds,” Michael Mandel, CompStak’s co-founder & CEO, said. “Our unique crowdsourcing methodology allows us to capture information from our members in literally any format, instantly. We were already adding thousands of lease comps to our platform every day, and millions of data points per month. We believe that there is no type of commercial real estate data that we can’t capture and share with our members and customers in unparalleled quantity and quality. Having begun with lease comps, sales comps was a natural next step for us, and key stepping stone towards our mission of being the world leader in commercial real estate information.”

With this nationwide launch, CompStak will scale its current network of sales comp providers, just as it has done with its lease comp member network since 2012. In the past year alone, CompStak has expanded its coverage to 70 new markets across the country, including Nashville, Miami, Salt Lake City, and Portland, making it a truly national platform. With this explosive growth has come new strategic partnerships with industry leaders, including Moody’s Analytics, Argus, Xceligent, and others. Today, CompStak data powers the decision-making for tens of thousands of commercial real estate professionals, and the world’s largest commercial real estate investors, lenders and advisors.

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