All Forum Posts by: Geoff Byron

 I know for sure that costar has some of it (not all data but a lot). I'm not sure about CRExi. 

As for cap rate comps, I'd highly recommend that you work with a local commercial broker that's knows the market well because cap rates have been moving really fast and all over the place in the last few months that looking at comps from 12 months ago or even 6 months ago can be deceiving!

It really depends on the asset type you're looking at. 

For Multifamily, Yardi is actually better than co-star in my opinion but is as expensive. That said, for multifamily, you don't need any of these tools for rent comps. Just go to apartments.com apartmentsguide.com rentpath.com etc. and search the area and you'll see all the asking rents in the neighborhood. 

For other asset classes in commercial, you'll have to get Costar or CRExi, I don't know of any free resource. 

Geoff, that is all I have been doing for last 15 months - Sourcing, underwriting, acquiring, and operating flex industrial assets. Happy to share what I know or answer any specific questions you have.

Multi tenant small bay. Its the Class C of industrial. Lots of cash flow, great returns, but the headaches and management will make you tear your hair out.

Understand what you're getting into and you'll make plenty of money, demand is there in almost every single market. Contractors all want a 1-3k space for cheap gross terms on a short lease. Kicking out the guys who make too much noise, dump fluids, park excess trucks, leave trash, empty beer bottles, yep. its a lot of fun!