What started as a vision two years ago--to catalogue the world's public assets--has led us to today launching the world's first comprehensive catalogue of public assets for any asset class in any country. Hello world!
Public assets, including real estate, natural resources, infrastructure, government-owned companies, currency, loans, and more make up the world's biggest set of asset classes. Though no one knows the exact value, the World Bank and others have estimated global public assets at over $300T. That's far bigger than the world's capital markets and bigger than all the world's commercial and residential real estate combined. And though many assets don't make sense to sell or are national treasures, governments continually recycle assets to meet financial obligations and changing societal needs, however, have never had a marketplace of information around the assets entrusted to them.
Today, specifically, we launch the first catalogue and service that provides the public, commercial real estate agents, and any interested party free access to property records for the 4.5m+ office buildings, warehouses, health care facilities, laboratories, airports, ports, land, and much more owned by over 90,000 towns, cities, counties, states, authorities, districts, and the United States Federal government. Governments across all levels in the United States own 10B+ square feet of commercially-oriented space and over 650m acres of land. To this catalogue of owned real property, we've added RFPs / RFIs governments have for leasing commercially-oriented space and engaging with commercial real estate brokers for services. We've also added information on the leases for commercial space governments have with private, third-parties. This information provides governments, the commercial ecosystem, and the world with far clearer insight than every before as to the real estate governments own, lease, and need to more efficiently and effectively deliver value to the public. The data are not perfect nor complete, and never will be, however, our goal is to continue to improve the data over time and open up the platform for more frequent and accurate updating to provide the highest-quality information possible.
In addition to ownership data, we publish requirements and leasing data for many governments, however, it's a fraction of those across the country. Over the coming months we will also begin adding information on government properties available for sale, lease, or (re)development. As we build up data, add functionality, and get feedback from visitors and customers alike, we are calling this Beta. Beta will last through the end of 2016 and during this time we are offering reduced prices on our two plans: Connect and Plus.
Please let us know if you have any feedback, questions, or praise. We look forward to hearing from you and of course, adding to the value we provide the world and meeting our mission of cataloguing the world's public assets.
Founder & CEO