September 10, 2015, New York, NY— CompStak, the leader in crowd-sourced commercial real estate information, announced today the launch of its new On Demand platform, which combines free, à la carte and subscription pricing options for lenders, asset managers, and investors to access actual deal data.
CompStak On Demand puts closely held starting rent and competitive set insight 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 coveted CompStak lease comparables individually, without an annual commitment.
The On Demand platform includes a first of its kind Instant Comp Set analysis, allowing users to simply search an address and immediately receive an in-depth picture of the competitive set for a given building as well as the performance of that building against its peers.
“By bringing the power of our lease comp data and Instant Comp Set analysis to the commercial real estate community, we’re fulfilling our mission of bringing greater transparency to the industry as a whole. Now any commercial real estate investor, lender, or asset manager can quickly understand how markets, submarkets, and individual property competitive sets are performing,” Michael Mandel, Co-Founder and CEO of CompStak, said.
It’s an option that current clients and prospects alike have long requested from CompStak. Clients can now access deals outside of their core markets on a one-off basis while still enjoying the favorable pricing that comes with an annual subscription in their primary markets. Prospects can similarly access deals when they need them while paying for them one at a time. All users will have access to property-specific starting rent information and competitive sets.
On Demand opens CompStak to a much broader CRE audience, including smaller landlords and investors as well as those who need transaction information less frequently. The expanded audience will position CompStak for its next phase of growth: toward expanded product and data offerings.
“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,” Mandel said. “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.”
On Demand complements CompStak's Exchange, a free platform that allows brokers, appraisers, and researchers to share the lease comps they have to find the comps they need.
The coming months will be exciting for CompStak, with plans for new products, expanded data sets, new markets, and progress towards becoming the hub for CRE information. On Demand is only the first step of the next phase of growth for this crowd-sourced juggernaut.
To request access to CompStak On Demand, please visit www.compstak.com/OnDemand. Every new account includes three free lease comps.