AIR CRE’s data partner, Xceligent, recently announced the integration of key components of CompStak Exchange into Xceligent’s CDX and Pro platforms. The new information is expected to be available in Southern California by early fall.
This integration addresses 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 is expected to result in smarter, faster deals for brokers using both Xceligent’s and CompStak Exchange’s platforms.
The reason this is important to AIR CRE members is the fact that it significantly expands the data reach. The addition goes a long way toward expanding Xceligent’s comprehensive research solution into the top 65 markets.
“We recently announced our open architecture platform that will allow productivity tools and other information providers to integrate within our researched environment,” said Doug Curry, CEO of Xceligent. “The CompStak partnership is a key strategic piece, as it brings Xceligent’s researched content together with the broadest source of actual market rents and deal terms available.”
So far, CompStak has crowd-sourced 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.
“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,” said Michael Mandel, Co-Founder and CEO of CompStak. “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!”
AIR CRE members recognize the value a data resource such as Xceligent delivers. The provider of verified commercial real estate information proactively researches commercial properties, which, in turn, assists brokers and their clients in making smarter decisions more quickly. That’s because Xceligent has captured a vast array of information, including for lease and for sale listings, sales and lease comparables, as well as true owner information, tenant rosters, market analytics, and demographics across the U.S.
This partnership introduces CompStak to more than 30,000 Xceligent users across the country. In doing so, it is expected to amplify that network effect and deliver an exponentially larger, more reliable lease transaction and analytics platform to new corners of U.S. commercial real estate.
By partnering, these two data providers are now working together to accomplish a shared vision to create the most efficient and a more transparent commercial real estate industry.
To request access to Xceligent, please call the AIR CRE office at 213.687.8777. To request access to CompStak, please visit www.compstak.com.