By Paul Bubny on September 17, 2015.
NEW YORK CITY—CompStak, which provides crowd--sourced commercial real estate information from its membership of brokers, appraisers and researchers, has launched its new On Demand platform. The lease analysis platform combines free, one-time and subscription pricing options for lenders, asset managers and investors to access actual deal data.
CompStak says its On Demand platform puts closely held starting rent and competitive set data into the hands of all qualifying real estate professionals at no charge. It is also the first time users will have the option to purchase CompStak lease comparables individually, without an annual commitment.
The On Demand platform includes a first of its kind Instant Comp Set analysis. Users may search an address and immediately receive a snapshot of the competitive set for a given building as well as that building’s performance against its peers.
Existing clients as well as prospects have long requested this option from CompStak. Clients can now access deals outside of their core markets on a one--off basis, even as they maintain an annual subscription in their primary markets. Prospects can similarly access deals on an as-needed basis, while paying for them one at a time. All users will have access to property--specific starting rent information and competitive sets.
“We’re really proud to call the biggest names in CRE worldwide our clients, including Tishman Speyer, Wells Fargo, Equity Office Properties, Beacon Capital, SL Green and the Carlyle Group. Now we are ready to put CompStak on the desk of every CRE professional,” says Michael Mandel, co-founder and CEO of CompStak. “By broadening our access in an industry already hungry for better technology solutions to facilitate deal-making, we are positioning ourselves for expansion into more powerful tools and more varied datasets.”