clock menu more-arrow no yes

Filed under:

Launches & Releases Of the Future

A former broker and an engineer have teamed up to take data brokers regularly trade with each other for free and sell it in a database for "five to six figures." The data in question are the rents, concessions, escalation clauses and other elements of commercial leases that brokers, landlords, and tenants agree to keep confidential but, in brokers' cases, rarely do. Some of those brokers have been offered access to the new database in exchange for anonymous information, and the database will be launched to paying customers sometime within the next three months. [WSJ]