Originally posted by Willy Franzen on August 22, 2014. Updated through a sponsorship agreement.
Posted by Willy Franzen on August 22, 2014. Positions below updated every five minutes.
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While the residential real estate market is often driven by emotion and hype (as the season premier of Million Dollar Listing L.A. reminded me), that’s not nearly as true when it comes to commercial real estate. The market for commercial properties is much more data driven, but getting your hands on the right data to make decisions can be very difficult. That’s why CompStak was started. They’re a New York, NY based company that aims to “create transparency in commercial real estate by gathering information that is hard to find, difficult to compile or otherwise unavailable.” How do they do this? By offering a place to buy and sell lease comparable data.
CompStak’s data is “used by institutional owners to compare properties, hedge funds to make investments, and provides meaningful data for brokers, investors, appraisers, asset managers, economists and more.” You can get a sense of how the platform works here. It’s a pretty basic marketplace business model, though CompStak adds value to the raw data by validating it and making it easily searchable. If the business of commercial real estate comp data sounds intriguing to you, visit CompStak’s Careers page and check out their latest job posting in the lefthand sidebar.
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