Client Testimonial: Crocker Liu, Columbia Business School

Meet Crocker Liu, Professor Emeritus at Cornell University. See how Professor Sagi uses CompStak daily in his studies.

Check out the full Client Testimonial on YouTube:

Transcript:

My name is Crocker Liu. I’m recently retired from Cornell University as a Professor Emeritus.

Before working with CompStak, my biggest obstacle, both in terms of teaching and research, is that having lease comparables was very difficult. While other data vendors did provide some sense of leases, they were more based on asking rents instead of effective rents and what the effective rent components were, such as the rent concessions, free rent, length of the lease.

I feel that this is an important tool that I can recommend to other academics because this whole area of leasing is very fertile. It’s not really been delved into in any great extent, especially with respect to office buildings. There is a lot of benefits, even from the standpoint of a practitioner. And the reason is, think about what do you do when you invest in a building? All you’re doing is you’re buying a bundle of lease contracts. So it’s important to understand what those lease contracts are. Is it just a grab bag? You have to do your due diligence.