Real Capital Analytics Subscription?
Does anyone subscribe to RCA?  I know their cale comp data is top notch but I know a subscription is not cheap, curious to hear if it is worth the cost?
[{"id": "ffdks0d", "text": "/u/quepeuesguey What role are you utilizing it for? Acquisitions, sales, underwriting/credit, leases? Hopefully this is helpful. If you are looking for general perspective please feel free to shoot me a PM.\n\nI'm sure other professionals have much to add, but hopefully this is a help. Please feel free to correct me if I made any errors.\n\nKey sources (These are listed in no particular order other than my familiarity with them and not endorsements).\n\n1. Costar  [https://www.costar.com/](https://www.costar.com/) In my view this is the heavy hitter in the industry. They have a very protectionist view of their data and lock down API's (I believe) but generally this is the best database I have used. Their underwriting reports are very helpful and give you a good overview of the particular demand drivers (e.g., economic) in the area.  The cap rate data I have found to be sporadically accurate, and the lease data leaves much to be desired - they typically include rent escalators, TI's, free rent in their starting lease rates which makes the effective rents escalated. Obviously their data is only as good as the reporting source, and if a broker omits that, than it is what it is. For what it is, I love costar.\n2. REIS  [https://www.reis.com](https://www.reis.com/sectors/apartment/) \\- This is another option which provides good sales/lease data. If you area n underwriter there is a good section that has form text filled with data variables so when you pull a market report it reads very well. I use the market reports all the time and have found them to be helpful, but I still prefer costar. I have limited use on the actual platform.\n3. Compstak   [https://compstak.com/](https://compstak.com/)  \\- I have found this to be very good for leases. I beta tested this and gave them feedback. I think they have a great platform but they (when I used it) had an awkward database which required you to select major metro markets in order to search for a specific address. Costar was much better for sales, but Compstak blew them out of the water on the actual lease data. I think they are series B.\n4. RCA   [https://www.rcanalytics.com/](https://www.rcanalytics.com/)   I've heard this has very good sale comp data but no experience on the leasing side and have only utilized reports. From talking with my peers, I have heard this works best in conjunction with Compstak.\n5. \\* VTS  [https://www.vts.com/](https://www.vts.com/)  \\- I'm using this as an asterisk because I believe this to be more transactional/workf-low based. I think they are Series D.\n\nEdit: I have removed references to pending litigation from Costar/Compstak which appears to have been settled \\~ 4 years ago.", "replies": [{"id": "ffdrfnw", "text": "CoStar is the \u201cheavy hitter\u201d but depends where. While they have the most data, it\u2019s not always accurate. RCA has less sales data but is accurate", "replies": [{"id": "ffdrngi", "text": "That probably makes sense. I have access to a lot of transactional data and they get a lot of information from public record. \n\nI\u2019m based out of the Bay Area (SF) so it is pretty accurate here. When I work in say, Shreveport, LA, I\u2019m calling a local broker or buying him a beer to get the scoop.", "replies": [], "depth": 3}], "depth": 2}, {"id": "fgpqmxf", "text": "Hi u/idoloans \\- this is Michael Mandel, the CEO of CompStak.  Thanks for the positive feedback.  There is no litigation brewing between CompStak and CoStar, unless you know something I don't know? :-)", "replies": [], "depth": 2}], "depth": 1}, {"id": "ffeh5nw", "text": "Every broker at capital markets in my company (JLL/CBRE) has a RCA account. I use it very often to get transactional data or investor data. \n\nCaveat - not based in the US", "replies": [], "depth": 1}]