SOURCE: RealMassive


May 26, 2016 10:47 ET

RealMassive Continues National Market Expansion

AUSTIN, TX--(Marketwired - May 26, 2016) -  RealMassive, the first open and connected commercial real estate marketplace, enjoyed unprecedented momentum and growth in market data coverage in the first quarter of 2016. 

"Data continues to flow to our marketplace as the industry searches for new ways to put data to work," said Craig Hancock, Chief Executive Officer of RealMassive. "Despite rhetoric around the industry's reticence to adopt technology, we continue to find numerous advocates in each market interested in ushering in a new reality in CRE data. They're demanding more be done with their data and we're delivering."

RealMassive increased its presence to 35 markets and added over 485 million square feet of total coverage in Q1 led by growth in Atlanta, Houston, Dallas, and Fort Worth. "The continued growth of the supply side of our marketplace and is a testament to the incredible capabilities of our data team. We also saw our demand side metrics double quarter over quarter which highlights the underlying strength of our platform," Hancock said. The company remains steadfast in its efforts to deliver the most comprehensive and connected open data marketplace built for the future of CRE. 

The firm also launched the industry's first collaborative digital and social dialogue outlining trends shaping the new, tech-forward #CREcosystem. According to Mike Westgate, RealMassive's VP of Marketing, the goal of the campaign was " showcase emerging and influential voices and further stimulate innovation and tech-adoption in the industry." The concept recently extended into a virtual discussion on emerging retail trends amongst thought leaders surrounding the ICSC RECon global convention in Las Vegas.

The firm's innovative GIS and data visualization platform, Project Atlas, also gained tremendous market traction, adding several new customers from the asset management and research functions in the business. Recently, Project Atlas was the source of a unique research and practicum experience with the Master's of Science in Business Analytics program offered through the McCombs School of Business at The University of Texas, Austin. 

"We are very excited about the contribution that our MSBA students were able to make on Project Atlas," said MSBA Program Director Michael Hasler. "It is a perfect example of how analytics can transform a technology and market space when appropriately applied."

The notable traction for RealMassive in Q1 came despite legal pressures from a leading competitor. The companies settled their nine-month legal dispute in March. Hancock noted that the outcome of the legal dispute was "a big win for commercial real estate professionals looking to modernize the industry" and helped bolster customer confidence in RealMassive's staying power.

In Q2 the company has already seen substantial growth beyond impressive numbers posted in Q1. The company is scheduled for meaningful participation in key industry events including RealShare in Austin, CRE // Tech Intersect in San Francisco, and RealComm in Silicon Valley. 

"This is a very exciting time at RealMassive," said Hancock. "We look forward to further empowering an industry which has been starved of technology and data leadership."

About RealMassive™ - The Commercial Real Estate Marketplace
RealMassive is the first open and connected commercial real estate data marketplace built for the future of CRE. The platform covers nearly five billion square feet of office, industrial, and retail space across more than 30 US markets. Commercial real estate professionals gain access to data and market insights critical to their business processes and decision making. @RealMassive

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