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Commercial real estate (CRE) data startup Reonomy has already taken off in New York, and now they’re launching their powerful, deal-driving platform in St. Louis.
In the past two years alone, the startup’s massive data library has scaled from 350,000 commercial properties in New York City to over 45 million properties across the country.
How’d they do it?
“Scaling this platform from 350,000+ properties in New York City to over 45+ million properties nationwide has been a labor of love,” said Richard Sarkis, Reonomy CEO and Co-Founder. “We’re thrilled to offer commercial real estate professionals a comprehensive resource with an unmatched user experience — a tool that can not only drive strategic decision-making, but accelerate the rate at which the industry conducts business.”
Using a combination of proprietary data and strategic partnerships, the platform provides innovative tools and insights that help CRE professionals navigate the multi-trillion-dollar U.S. CRE marketplace. The data is run through strict, repeatable validation steps to ensure users have access to the most up-to-date, accurate, and comprehensive information in the marketplace.
According to Forbes, Reonomy is already hard at work on several new products that are currently in progress — tools that utilize machine learning to create unique offerings for CRE pros, like automated comps and ownership portfolio.
What does that mean for CRE professionals in St. Louis? It means brokers, investors, and developers, can have instant access to every imaginable data point about any given commercial property.
In a rapidly evolving real estate market like ours, this kind of information could attract investors seeking opportunities in the city. For those of us who are already here, web based CRE platforms make it much easier for young, agile tech companies to expand, and for developers to meet the increasing demand for tech, mixed-use, and light industrial commercial spaces.
And with continued growth in the region’s commercial real estate market — not to mention the billion dollar projects underway for Centene and the new NGA Headquarters — Reonomy’s timing for a launch in St. Louis couldn’t be better.