Until recently, our brokers relied on data generated by Xceligent and CoStar to provide statistical market and sales comp information to clients. Over the past couple of years, we have found inconsistencies in the method and reporting of this market data, so we decided to develop our own database to track sales comp information.
Ryan Kuehl led the internal team that developed the database and populated it with sales comps from 2011 to today. The database allows us to search sales comps by sector (Retail, Office, Industrial, etc.), location, size, price or other criteria. We now feel more confident in the information we share with our clients.
The graph above is an example of what we can generate through our database. A quick look shows total sales generally trending upward since 2011, following the same trend of the overall economy.
We look forward to sharing more detailed information in future newsletters and market reports.