Sep
14

New Strategy for CompStak

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compstak-logoCompStak, a provider of crowd-sourced commercial real estate information, has launched a new on demand platform, which combines free, à la carte and subscription pricing options.

The new approach marks the first time users will have the option to purchase CompStak lease comparables individually, without an annual commitment.

The previous model allowed companies to have access to the entire database for annual fees averaging about $35,000. Dozens of deep-pockted firms like Tishman Speyer, Wells Fargo, Equity Office Properties, Beacon Capital, SL Green, and the Carlyle Group, subscribed under that model. Smaller real estate firms that only need occasional comps have been reluctant to pay the sizable fee.

The new platform allows 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.

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