CompStak Expands Data Analytics Platform in Phoenix

By Evelina Croitoru

CompStak Enterprise’s Interface

Phoenix—CompStak, a crowdsourced commercial real estate information company, has announced the launch of its lease data and analytics platform CompStak Exchange in Phoenix. Local commercial real estate professionals can now join more than 12,000 commercial brokers, appraisers and researchers from Boston to San Francisco, who have traded more than a million lease comparables at no charge since 2012.

CompStak Enterprise enables users to analyze the performance of leases in customizable geographies and property competitive sets, while having access to complete, verified details of each individual transaction. Also available to lenders, investors and landlords, the platform delivers unmatched visibility into transactions closed in the hottest property markets in the world.

In late 2016, the company started gathering details on rents, concessions and deals in Phoenix over the past 10 years, focusing on data accuracy through a proprietary process combining machine learning algorithms and analyst review.

“We’ve been receiving Phoenix data for some time now, but we decided to hold off on our launch until we knew our database was rock solid and would continue to be in the future.  Combining the strength of our terrific member base with the on-the-ground manpower of our new Los Angeles office, we have built a data warehouse that will immediately add great value to our Exchange and Enterprise members,” Michael Mandel, co-founder & CEO of CompStak, said in a prepared statement.

Image courtesy of CompStak