Compass, a technology-driven real estate platform, announces its flagship Boston office at 126 Newbury Street is officially open for business.
Located in the heart of the coveted Back Bay neighborhood, the Compass Boston office spans three full floors included a ground-floor retail space. With interiors by Michael Samra of Boston-based Studio TROIKA, a sleek aesthetic and modern finishes, including glass conference rooms, communal workspaces, and a full kitchen, the office easily accommodates Compass’ growing contingent of Boston agents.
“Since launching in Boston in January, Compass has nearly doubled its agent base, growing to 36 agents,” said Jeffrey Heighton, Compass Massachusetts Regional Vice President. “This exceptional group now represents approximately $375 million of on-market sales volume annually as well as one of the lowest days-on-market for homes in the local market. We couldn’t be more pleased with how Compass continues to thoughtfully grow here in Boston.”
One of the biggest accomplishments for the firm is the recent launch of a first of its kind live market report via a mobile app for the Boston housing market.Called Compass Markets, the app is designed to eliminate the need for stale quarterly market reports by putting live housing data insights directly in the hands of agents and consumers, bringing more transparency to the real estate process in luxury markets across the nation.
Compass’s proprietary technology brings actionable intelligence and transparency to real estate, empowering both the consumer and the agent to make decisions smarter and faster. The company continues to create tools within a mobile workspace that saves agents and clients hours of time by reducing reliance on multiple platforms, bringing greater efficiency to the process of finding a home. As a testament to its efficiency, the company’s mobile app is the #1 downloaded and top rated real estate app in New York.
In total, Compass has raised $135 million in investor funding, more than any other residential brokerage in the country, from key investors including Institutional Venture Partners, Thrive Capital, Founders Fund, 406 Ventures, Advance Publications, Inc., Kenneth Chenault, CEO of American Express and Marc Benioff, Founder and CEO of Salesforce.com.
About Compass:
Compass is a technology-driven real estate platform dedicated to creating a seamless and intelligent home buying, selling, and renting experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. Compass has locations in New York City, Washington DC, Boston, Miami, Los Angeles, Santa Barbara, the Hamptons, and Aspen, and has raised $135 million in investor capital. For more information on Compass, and to view more than $5 billion in exclusive Compass properties, visit www.compass.com.
