Client Testimonial: Tomasz Piskorski, Columbia Business School

Meet Tomasz Piskorski, Professor of Finance and Edward S. Gordon Professor of Real Estate at Columbia Business School. See how Professor Piskorski uses CompStak daily in his studies.

Check out the full Client Testimonial on YouTube:

Transcript:

My name is Tomasz Piskorski. I’m a professor of finance and Edward S. Gordon professor of real estate at Columbia Business School. I’m also a research associate at National Bureau of Economic Research.

Think about the problem of valuation of a commercial real estate building. Since the core of a typical building’s value is really the present discounted value of its rental revenue minus expenses, you need to know who the tenants are, what they pay, and the lease terms, which historically has been hard to access.

What’s great about CompStak data is that it provides detailed building level lease contract data. The data is frequently updated allowing it to reflect real-time shifts and trends in the leasing market. I’ve used it in my research on how elevated interest rates and potential of commercial real estate distress can impact US banks and financial stability more broadly.

CompStak is also an invaluable tool for identifying comparable lease comps for a given property. It provides up-to-date detailed insights into leasing activity at the building level across most US markets. I use it almost daily. I would strongly recommend it for both research and teaching. Also, unlike some other commercial real estate data providers, CompStak is very supportive of academic work and easy to collaborate with.