Strong, accurate residential rent data is becoming a prized asset as lawsuits, regulators and new state laws upend how landlords set rents.\u200b<\/p>\n
Los Angeles-based commercial real estate platform Crexi<\/strong> is moving to capitalize on that demand. The company has partnered with Dwellsy<\/strong>, a rental marketplace with extensive residential properties, to plug rent data into Crexi Intelligence.\u200b<\/p>\n While it strengthens what Crexi offers clients, the deal also ups the ante in a heated rivalry with CoStar Group<\/strong>, the commercial real estate data market leader it has been battling in court for five years.\u200b<\/p>\n CoStar sued Crexi in a California federal court, alleging the company stole thousands of property images from its platforms. Crexi made an antitrust counterclaim against CoStar, lost, and then won on appeal. In December, CoStar asked<\/a> the U.S. Supreme Court to intervene.\u200b<\/p>\n Crexi\u2019s deal also comes as major apartment companies and data firms settle lawsuits over using revenue management software that incorporates algorithms. Renters accused national apartment landlords and data analytics companies RealPage<\/strong> and Yardi Systems<\/a><\/strong> of price fixing and inflating rents.\u200b<\/p>\n Not using algorithms is a point of differentiation for San Francisco-based Dwellsy, a 2019 startup.\u200b<\/p>\n \u201cJust accurate raw data,\u201d Jonas Bordo, Dwellsy\u2019s CEO and founder, told The Builder\u2019s Daily<\/em>.\u200b<\/p>\n The lawsuits arose as housing affordability concerns grew. Former President Joe Biden\u2019s Justice Department sued<\/a> RealPage in 2024 over the practice. The two sides reached a settlement agreement late last year.\u200b<\/p>\n