Why does CompStak adjust rents for Office, Industrial and Retail leases?

CompStak adjusts Starting Rent and Effective Rent in lease comparables to account for differences in net and gross lease types, which can skew perceived average rents when aggregating data. Adjusted rents are calculated using crowd-sourced operating expenses and machine learning models. The 'gross-up' and 'net-down' processes are used to adjust rents for office, industrial and retail leases respectively. These adjustments are applied in CompStak’s analytical product features, including Insights, Chart Builder, and Market Dashboard, to provide a more accurate representation of market rents and prevent skewing of trends due to uneven lease type distribution.