Starting rent for some of the largest commercial real estate office leases signed in 2016, revealed by CompStak's new Salt Lake City database

NEW YORK, April 10, 2017 /PRNewswire/ -- CompStak, the leader in crowdsourced commercial real estate (CRE) information, announced today the launch of its innovative lease data and analytics platforms in Salt Lake City.  The New York-based juggernaut marked the occasion by releasing an analysis of major deals in the market in 2016.

Beginning today, brokers, appraisers, and researchers across Salt Lake City are invited to join the more than 12,000 other CompStak Exchange members who access the platform for free.  Already, CRE professionals from dozens of Salt Lake City-area firms have signed on as pioneer members. As members of CompStak, each will have access to exclusive, verified commercial lease comparables in Salt Lake City.

Also launched in Salt Lake City, CompStak Enterprise empowers users to instantly analyze the performance of leases in completely customizable geographies and property competitive sets -- all while putting the complete, verified details of each individual transaction at their fingertips.  Available to lenders, investors, and landlords, Enterprise delivers unmatched visibility into transactions closed in the hottest property markets in the world.

CompStak's unique platform enables granular market and deal analysis not previously possible in Salt Lake City.  For the first time, the industry can access local insights into real starting rents, landlord concessions, lease term trends, and more.

CompStak took a first look at some of the biggest office deals signed in Salt Lake City in 2016:

"As we got to know the the Salt Lake City market, we found that there was already a strong culture of trading data amongst the top commercial real estate services firms.  We're thrilled to serve as a resource to the professionals in these firms, allowing them to share market data, and bring transparency to the market. Our data will help Salt Lake City commercial real estate professionals get deals done more quickly and fairly.  We hope that providing access to Salt Lake City data to our institutional clients across the globe will help spur interest in a market that is already terrific," Michael Mandel, Co-Founder and CEO said.

In the latter half of 2016, CompStak began gathering details such as starting rent, concessions, and term information on deals signed in Salt Lake City over the past 10 years.  CompStak focuses on data accuracy through a proprietary process combining machine learning algorithms and analyst review. The Salt Lake City database, already containing thousand of commercial lease transactions, is expected to double in size in 2017. Salt Lake City is one of 50 markets across the US and UK where CompStak is active.

To request access to CompStak, please visit www.compstak.com.  

About CompStak:
CompStak creates transparency in commercial real estate (CRE) markets by gathering information that is hard to find, difficult to compile, or otherwise unavailable.  Since 2012, CompStak has delivered this unmatched insight to a network of tens of thousands of members and clients, including Tishman Speyer, Wells Fargo, Equity Office, and many other top CRE firms.  CompStak Exchange is an exclusive platform for CRE brokers, appraisers, and researchers to get verified commercial lease comps at no charge. Through CompStak Enterprise, lenders, landlords, and investors can access granular CRE transaction information and market analytics.

SOURCE CompStak

Related Links

http://www.compstak.com