RESAAS CODE Grows with New Commercial Landlords and Expands Platform

2 min read | October 09, 2024 07:48 PM EDT | By Team Kalkine Media

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RESAAS CODE Grows with New Commercial Landlords and Expands Platform — Image source: Shutterstock

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RESAAS CODE expands its platform by integrating multiple commercial landlords

Successful pilot phase leads to full commercialization and heightened growth potential

Strong demand for RESAAS CODE prompts rapid expansion into new markets

RESAAS Services Inc. (TSX:RSS) (OTCQB: RSASF), a prominent provider of technology solutions for the real estate sector, has announced an exciting expansion of its RESAAS Commercial Data Exchange (CODE). This enhancement includes the integration of several commercial landlords onto the platform.

RESAAS CODE launched in August, allowing commercial brokerages to securely share real estate data with third parties. CBRE was the first brokerage to utilize RESAAS CODE during its pilot phase in Vancouver.

Following the successful completion of this pilot, RESAAS CODE is now fully commercialized, marking a significant milestone. The rapid achievement of product-market fit indicates promising growth ahead. Tom Rossiter, CEO of RESAAS, noted that rethinking data sharing within commercial real estate has garnered considerable attention from both brokerage communities and commercial owners. The addition of commercial data from several major national office landlords to RESAAS CODE demonstrates this growing interest.

With the inclusion of multiple commercial owners and landlords, RESAAS CODE efficiently collects, organizes, transforms, and shares availability data. Brokerage and landlord customers subscribe on an annual basis, contributing to the company's monthly recurring revenue stream.

The demand for RESAAS services has led to calls for swift expansion into additional markets across Canada and the United States. Rossiter emphasized that the existing customer base, encompassing both brokerages and landlords, has a national or North American presence. This positioning allows RESAAS CODE to expand into new cities rapidly and effectively.

RESAAS Services Inc. is an award-winning technology company that serves the real estate industry, connecting all real estate brokerages and agencies on a centralized global platform. With over 600,000 RESAAS agents across 160 countries, the platform provides access to unique real estate data, including qualified international referrals and exclusive listings not available elsewhere.

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