Lease Comps
I'm guessing this is targeted more to the appraisers here, but aside from calling and bugging brokers, how do you guys get your lease comps?  I know CoStar has a lease comp feature but it seems to not be very accurate.  
[{"id": "cdz4quy", "text": "CoStar is not very accurate, but it's a start. I use their data then call the listing broker to verify/get the correct info. It's arduous, but better than it was before CoStar.\n\nAnother source I've started using a little is CompStak, which is free, except that in order to \"buy\" rent comps, you have to use points, which you accumulate by sending them rent comps. As an appraiser, I don't have many rent comps to contribute, and the ones I get from subject properties are often confidential and thus, I cannot submit them, so the amount of data I can get from them is very limited.\n\nSome local MLS databases provide lease comps, but often they aren't much more accurate than CoStar. I spend a lot of time on the phone with brokers trying to verify data and get leads on other lease comps.", "replies": [], "depth": 1}, {"id": "cdzd5s3", "text": "As I broker I'll begrudgingly tell you this, but I think the best answer is to actually call the brokers. Some brokers don't like dealing with appraisers or giving away information, but the truth of the matter is that they will have the best and most accurate information as well as insight to how deals are getting done. CRE is a contact sport and you would be surprised how one call can lead you to new opportunities. On a personal level, when speaking with clients or presenting information I need to know where I got the information &amp; confirm that it is current. You would be surprised at how out of date &amp; incomplete CoStar is with a lot of their information, and as a broker your job is to be extremely competent at whet you do. Brokers &amp; appraisers act like a symbiotic relationship; whenever I get asked for rents I request a copy of their report so I can keep my market numbers up to date.", "replies": [{"id": "ced2ftt", "text": "A copy of their table, not their report.  A copy of their report would be a violation.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ce4y3on", "text": "Talk to a reliable broker.  I'm not a broker, but I use them for this type of info.  Other property owners, if they're willing to talk, are good sources, too.  Appraisers can also have this info, but its likely to be be dated - there is a lag between when a deal is done and when they get the info.  Its sort of like a football game - the players on the field are making the action happen, and the guys in the TV booth report it after its occurred....", "replies": [], "depth": 1}, {"id": "cegirgq", "text": "Have you checked out compstak? Its a comp website in several major markets. I'm a broker in Chicago and often use it to get comps. They are typically accurate as they are provided by other brokers.\n\nThe concept is you submit comps to the database and get points for them, which you can use to \"buy\"/unlock the comps you are looking for. ", "replies": [], "depth": 1}]