CompStak Rolls Out CRE Data Analytic Suite
The firm is combining its database of lease comps, sale comps, property information, loan data, and analytics.
CompStak has launched a new platform it calls CompStak One. According to the company, the new offering “will combine its vast database of Lease Comps, Sale Comps, Property Information, Loan Data, and Analytics into a singular, comprehensive platform.”
The company claims that it has “crowdsourced and verified” data over more than a decade.
Lease company include free rent, tenant improvements, starting rent, rent escalations, square footage, tenant industry, expiration date, execution date, street address, and floors occupied. CompStak says that sales comp details include sale date, sale price, cap rate, NOI, buyer, seller, square footage, price per square foot, and street address. The company says that some of the sales comp details aren’t available from other sources.
Included with property data are property type, average lease size, number of floors, year built, year renovated, landlord, building class, building size, and parking ratio. In the loan data are lender, loan amount, loan maturity date, loan-to-value, appraised value, net operating income, occupancy, origination date, and loan rate.
The analytic capabilities is intended to analyze trends and spot industry opportunities and threats, including the following: • “Isolate any group of leases, properties, or submarkets nationwide and build charts to monitor their performance along critical metrics over 1-, 3-, 5-, 10- and 15-year periods,” CompStak writes on its website. “Uncover key insights for important investment and underwriting goals.” • “Assess market rent, space type, and tenant industry concentrations via customizable heat maps. Review historical and future lease expirations with time-lapse visualizations. • “Access a targeted map view and generate leases based on a specific key filter such as lease expiration, market rent, space type or tenant industry.” • “Use our Insights tool to instantly access a graph based on the key metrics selected, such as Free Rent, Starting Rent, Tenant Improvements, or Lease Term and analyze how they’re trending over a selected period of time.”