Today, CompStak, the world’s leading platform for commercial lease information, announced its expansion to Denver. Serving as a massive online database of commercial lease comparables (comps), CompStak makes commercial real estate (CRE) information not only easily searchable, but also, readily available for its members and clients.
Denver is the fifteenth market to be covered by CompStak. In the three years since its founding, CompStak has gathered hundreds of thousands of comps in major US markets. CompStak’s other markets are New York City, Dallas-Fort Worth, Atlanta, San Francisco, the Bay Area, San Diego, the Greater Los Angeles Area, Washington D.C, Chicago, Minneapolis/St. Paul, Houston, Sacramento, Central Valley, New Jersey. The company continues to expand to additional markets.
CompStak was founded in 2011 by Michael Mandel, a former commercial real estate broker, to solve the problem of inefficient data sharing. “Denver is a prime target for CompStak,” Mandel said. “It’s a ‘buy market’ across property sectors and commercial real estate activity continues to be on the rise. With CompStak Exchange, Denver deals can close faster and the data available to brokers and investors in the market will be more accurate. As it is one of the top real estate investment markets in the country, we’ve seen strong interest in the Denver market from our Enterprise customers, and we’re excited to be able to provide them the information they need to make underwriting decisions in Denver.”
CompStak operates as a two-sided market. CompStak Exchange is a free platform for commercial real estate brokers, researchers and appraisers. Exchange members provide lease comps for credits, and may redeem the credits to unlock the lease comps they need. CompStak Enterprise offers unlimited fee-based access to comp information to CRE landlords, lenders and investors. CompStak Enterprise counts among its customers most of the large money center banks such as JPMorgan Chase and Wells Fargo, as well as the world’s largest real estate investors, including Equity Office Properties, Carlyle Group, Tishman Speyer and many others.