NEW YORK, May 23, 2017 /PRNewswire/ -- Xceligent and CompStak, leading providers of verified commercial real estate information, announced today that key components of CompStak Exchange will be integrated into Xceligent's CDX and Pro platforms beginning this summer.
To date, CompStak has crowdsourced more than one million analyst-verified commercial lease comps from a nationwide network of brokers, appraisers, and researchers. The New York-based startup is delivering unprecedented, real-time visibility into leasing activity in dozens of markets across the US and UK.
Xceligent proactively researches commercial properties, for lease and for sale listings, sales and lease comparables, true owner information, tenant rosters, market analytics, demographics, and more across the US. It's currently expanding its comprehensive research solution into the top 65 markets.
By partnering, these two data providers can work together to accomplish their shared vision of a more efficient, more transparent commercial real estate industry.
This integration will address the common complaint among brokers that the many new tools available to them cannot be used together easily. For the first time, there is a comprehensive solution that contextualizes each listing with its comps and with market insight all within a single platform. This will result in smarter, faster deals for brokers using both CompStak Exchange and Xceligent's platforms.
Additionally, CompStak relies on the network effect of members contributing recent lease comps to build a database of transactions that far exceeds any other cache of lease insight in the industry. This partnership will introduce CompStak to 30,000+ Xceligent users across the country. In doing so, it will amplify that network effect and deliver an exponentially larger, more reliable lease transaction and analytics platform to new corners of US commercial real estate.
"At CompStak, we're focused on expanding our unparalleled lease transaction platform to as large an audience as possible. Over the past nine months we've expanded our market coverage from 35 to 60 markets. Now we're kicking off new partnerships that will continue to broaden our reach and bring our data and analytics to all new audiences. The kickoff of this new relationship with Xceligent is the first of our latest round of product integrations. Over the coming year we'll be expanding this partnership and kicking off new ones, all while expanding our datasets and market coverage. Stay tuned for a very big year!" said Michael Mandel, Co-Founder & CEO of CompStak.
"Xceligent is excited to create the integration with CompStak. We recently announced our open architecture platform that will allow productivity tools and other information providers to integrate within our researched environment. The CompStak partnership is a key strategic piece, as it brings Xceligent's researched content together with with the broadest source of actual market rents and deal terms available," Doug Curry, CEO of Xceligent, said.
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.
Xceligent is commercial real estate's partner for for commercial real estate information, technology, and market analytics, enabling industry professionals to optimize their business operations by tapping into a trusted collection of listing intelligence, marketing tools, sales comps and research. Xceligent recently launched an aggressive national expansion that will provide researched information in the largest United States markets. For more information, please visit www.xceligent.com.
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