How quickly are effective rent rates rising in office spaces on high floors in class A buildings in central business districts across the US? For the first time, the answer -- and the answer to an infinite number of similarly granular questions -- is readily available for commercial real estate professionals through the introduction of the brand new CompStak Analytics platform.
With today’s announcement of CompStak Analytics, CompStak builds on its success as the leader in commercial real estate transaction data and insights. No other company, from national brokerages to global investment banks, has amassed the volume or depth of commercial lease transaction details found on CompStak. This one-of-a-kind data set comprises millions of lease comparables covering 10+ billion square feet of commercial real estate and it powers the robust benchmarking tools in CompStak Analytics. CompStak Analytics is poised to alter the way CRE professionals analyze markets.
“Now our customers can test any hypothesis and make critical investment, lending, asset management, and leasing decisions based on the most accurate and detailed data the commercial real estate industry has ever seen,” Michael Mandel, CompStak’s Co-Founder and CEO, said.
CompStak Analytics realizes the full promise of CompStak’s unique lease data by empowering subscribers to isolate any group of leases, properties, or customized geographical locations. Users can build custom charts to monitor their performance along critical metrics in order to serve their most important investment and underwriting goals. For example, for the first time, CRE professionals can easily:
● Compare the effective rent performance of their own portfolio of properties against those of their competitors in real time.
● Identify investment opportunities by spotting properties that are performing above or below their peers.
● Track starting rents for tenants in different industries across submarkets.
● Compare lease term trends across central business districts in cities across the country.
● Monitor trends in landlord concessions for leases on high floors vs. low floors, long leases vs short leases, or any other variable that matters, across any market and any time frame.
“CompStak Analytics supports Beacon’s ability to monitor and assess leasing trends across our portfolios,” said Sara S. Shank, managing director of Beacon Capital Partners and CompStak subscriber. “By providing data quickly, we can parse nuanced trends within our targeted markets to help us make better informed decisions.”
CompStak Analytics is a natural extension to CompStak’s broader suite of offerings. Since CompStak launched in 2012, the crowdsourced real estate data leader has amassed a network of tens of thousands of CRE professionals from which it has gathered millions of transaction records. CompStak counts the world’s largest real estate investors and lenders among its clients, including Wells Fargo, Tishman Speyer, Boston Properties, and Vornado Realty. It was feedback from clients like these that drove the creation of CompStak Analytics. The new platform delivers the next generation of reporting tools that further reduce the industry’s reliance on stale market reports based on survey data.
“The launch of CompStak Analytics is a critical step in our goal to become the leading provider of commercial real estate intelligence. As we continue to grow CompStak through new datasets and into new markets, our Analytics platform will become even more robust, acting as an indispensable resource for all commercial real estate professionals,” Mandel said.
Pricing and Availability of CompStak Analytics
CompStak Analytics is live and available today for all CompStak current and prospective customers and is priced as a small increase on top of CompStak’s standard Enterprise product, or as part of a suite of products including CompStak Lease Comps, Sales Comps, and property data.
To request access to CompStak, please visit www.compstak.com.