CompStak announced 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:

SOME OF THE LARGEST OFFICE LEASES SIGNED IN SALT LAKE CITY, 2016

Tenant Name

Address

City

Execution Qtr

Starting Rent

Size

SolarCity

12800 South Frontrunner Blvd

Draper

3Q 2016

High $20s

155k - 160k sqft

E*Trade Financial

200 West Civic Center Drive

Sandy

3Q 2016

High $20s

80k - 85k sqft

Jet.com

12930 South Frontrunner Blvd

Draper

1Q 2016

Mid $20s

75k - 80k sqft

Healthcare Quality Catalyst

3165 East Millrock Drive

Salt Lake City

3Q 2016

Low $30s

60k - 65k sqft

Sutter Physicians Services

392 East Winchester Street

Murray

4Q 2016

Low $20s

50k - 55k sqft

Horrocks Engineers

2162 West Grove Parkway

Pleasant Grove

2Q 2016

Low $20s

40k - 45k sqft

Workman Nydegger

60 East South Temple

Salt Lake City

1Q 2016

High $20s

40k - 45k sqft

TPUSA

5295 South Commerce Drive

Murray

1Q 2016

Low $20s

30k -35k sqft

Dorsey & Whitney

111 South Main Street

Salt Lake City

1Q 2016

Mid $30s

30k -35k sqft

Musician's Friend

180 West Election Road

Draper

2Q 2016

Mid $20s

25k - 30k sqft

"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.