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As the world of commercial real estate investing becomes increasingly competitive, CRE professionals are constantly searching for new ways to gain a competitive edge. One of the most promising areas for gaining that edge is in the use of data analytics to inform investment decisions. In a recent webinar with Doorloop, CompStak’s Senior Sales Director, Ed Hagerty explores how to uplevel your CRE investing with CompStak’s accurate and reliable data insights. Didn’t get a chance to watch the webinar? Here’s what you missed!
About CompStak
CompStak is an analytics platform that provides users with access to a wide range of CRE data, including sales and lease comparables and granular property insights. The data is crowdsourced from a variety of sources, including brokers, appraisers, and property managers, and is rigorously vetted for accuracy and reliability. This data can be used to inform a range of investment decisions, from property acquisition and disposition to lease negotiations and asset management.
Up until CRE data companies came about, CRE data was never truly cataloged or dispersed. It made CRE trading incredibly opaque and was often driven by an amorphous thought around what pricing or leasing was in the market. CompStak’s mission is to not only add to the clarity around the space but also help investors, owners/operators, and lenders be more efficient and accurate when making CRE investments.
What is CRE Data?
To start with the basics, a comp is granular information that can be used to compare properties based on a variety of attributes. CRE data refers to information related to commercial properties, such as lease comparables, sales comparables, and property details. This data can be used by investors to make informed investment decisions and stay ahead of the competition.
Who Uses CRE Data?
A wide range of professionals in the commercial real estate industry use CRE data, including:
- Investors
- Operators and owners
- REITS
- Corporates
- Proptech firms
- Insurance companies
- Banks
- Government agencies
- Accounting and taxing firms
Most of these firms use CRE data to produce an evaluation or appraisal of a property, to acquire a property, to originate a loan or to ensure their assets are producing the right cashflow against their market peers. This is particularly relevant now, given the pressure on regional banks to support the value of the loans in their portfolio.
How Is CRE Data Used For Investment Purposes?
CRE data is used for a variety of investment purposes, including property acquisition and disposition, lease negotiations, and asset management. Investors can use data insights to identify market trends, assess property value, and identify opportunities for value-add investing.
Common Pitfalls to Avoid
Look out for accuracy of the data, who the data comes from, and the right vs. wrong attributes of properties. A few common pitfalls to avoid are outdated or inaccurate data, failing to consider all relevant data points, and over-reliance on a single data source.
What Kind Of Data Does CompStak Have?
There are two parts of the CompStak platform:
CompStak Exchange is a marketplace for lease and sales comps. It’s completely free to join. We work on a give a comp, get a comp model.
CompStak Enterprise is our premier platform servicing investors, owner operators, and lenders. It gives you the ability to look at granular property information from a sales comp down to in-property information. You can find market trends and aggregated stats for any given market.
Data is becoming increasingly important in today’s competitive CRE market. By leveraging platforms like CompStak, you can gain access to real-time market insights and detailed property information, helping you uplevel your CRE investing.
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