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CompStak launches in Austin, challenges real estate status quoCompStak launches in Austin, challenges real estate status quohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108432015-10-18T05:00:00Z

​​​AUSTIN - A New York-based real estate data startup has launched its platform in Austin.

CompStak — which provides price comparisons for commercial properties and other background data — has been expanded rapidly since it was formed in 2012.

CompStak is attempting to overthrow the status quo that has reigned in commercial real estate for years. 

CoStar Group has been the standard platform for many years for a wide range of commercial real estate data across the county, but it's only been available to brokers and brokerages for a premium subscription price.

"Commercial real estate needs to have more transparency. It's one of the largest asset classes in the world, and compared to the stock market, there not enough information available," Danny Shachar, director of marketing for CompStak said.

The startup provides a large free-of-charge platform but only for brokers, appraisers and real estate researchers.

CompStak seems to be overcoming objections, now operating in 17 U.S. cities.

Austin data is already available online.

Austin Business Journal
Austin-Round Rock
Economy
http://www.bizjournals.com/austin/blog/real-estate/2015/10/compstak-launches-platform-in-austin-that-reveals.htmlRead the full article at the {Source}

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