Compstak Subscription for the Tax Assessors Office

Clayton County, Georgia is pursuing a sole source procurement for a CompStak internet-based subscription for the Tax Assessors Office, specifically designed to provide comprehensive commercial real estate comparative data. The contract will enable five authorized users to access an extensive database covering lease and sales comparables across multiple commercial property types, including office, industrial, and retail assets. The subscription provides critical data points such as starting rents, free rent periods, tenant improvement amounts, rent increases, lease terms, expiration dates, net effective rent, selling prices, and capitalization rates. The procurement is time-sensitive, with a posted date of July 23, 2024, and a proposal due date of July 30, 2024. The subscription will offer users 200 exports per user per market per month, focusing on supporting property tax consulting services and governmental assessment functions. The platform leverages data from over 40,000 brokers, independent appraisers, and commercial real estate researchers, utilizing advanced AI and physical research verification processes to ensure data accuracy.

The contract is a sole source award to CompStak, Inc., with a total contract value of $17,500, payable in full upon mutual execution. No specific set-aside designations or restrictions for disadvantaged enterprises are mentioned in the documentation. The subscription covers the Atlanta market and provides access to over 2 million commercial real estate comparables across 3,000,000 properties, representing 48 billion square feet of transactions. Late payments will incur a 1.5% monthly interest rate for amounts not settled within 30 days. The contract term is 12 months, effective upon mutual execution, and appears to have no explicit provisions for renewal or extension. The procurement appears to be exclusively for the Clayton County Tax Assessors Office, with no indication of multi-agency participation or broader governmental use. The sole source justification is predicated on CompStak's unique and comprehensive data collection methodology, which distinguishes it from other comparable commercial real estate data providers.