CompStak was founded in NYC in 2011 by a former commercial real estate broker who saw the lack of transparency in the market. CEO Michael Mandel created CompStak, a crowd sourced comp exchange, allowing CRE professionals to gather comp data easily and at no cost. This meant that brokers, appraisers, and researchers now had access to verified comp data, allowing for better and faster deals, accurate valuation, and a more sophisticated market analysis.
CONTINUALLY GROWING DATABASE
Since its conception, CompStak has grown exponentially, with a comprehensive database in several markets including: Manhattan, San Francisco, the Bay Area, Atlanta, DC, Los Angeles and Chicago. With over 12,000 commercial lease comps in Greater Chicago alone, CompStak is becoming a powerful tool that is making a dent in the commercial real estate industry.
WHAT’S THE CATCH?
No catch. CompStak is 100% free for commercial real estate brokers, appraisers, and researchers. It works on a 1:1 point system, where members submit comps for points, which can then be redeemed for other comp data. The comp data is reviewed by an analyst and then cross checked with CRE professionals to ensure data quality. On average, we receive a comp 7 times, which provides an additional opportunity to validate the information received. CompStak gets paid by real estate private equity funds, banks, asset managers, REITS, and hedge funds, which access our data through a paid subscription.
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Sign up: http://compstak.com/account/signUp/index#crePro