Corrections Policy: How We Fix Commercial Lease Errors

Why Data Precision Matters: Our Approach to Accuracy

Imagine miscalculating an average commercial lease by just 2%. On a $250,000 annual lease, that's an extra $5,000 hitting your bottom line each year, compounding over a multi-year term. For founders and operators, these small inaccuracies can have significant financial consequences. At commercialleasecost.com, we are committed to ensuring the utmost accuracy in every data point we publish. When an error is identified, our policy is to address it swiftly and transparently.

How to Flag a Discrepancy

If you discover an inaccuracy on our platform, we encourage you to bring it to our attention. Your input helps us maintain the integrity of our data. To report an issue, please send an email to [e-mail] (or utilize our contact form).

When submitting a correction request, please include the following details:

• The exact URL of the page where the error is located.
• The specific data point, claim, or statement that requires amendment.
• Your proposed correction, ideally supported by verifiable sources. This significantly streamlines our verification process.
• Your name and any relevant credentials or affiliations, which are optional but helpful.

A clear request might look something like this in the subject line: Subject: Correction Request - [Page URL] - [Specific Data Point].

Our Service Level Agreement for Corrections

We understand the urgency of accurate information. Our team operates with a defined timeline to acknowledge, verify, and implement corrections:

• Acknowledgement: You will receive a confirmation of your report within 48 hours of our receiving it. We want you to know your message has been received and is in our pipeline.
• Verification: Our team will initiate a thorough verification process within 5 business days. This involves re-examining the original cited source material and cross-referencing with any supporting brokerage reports or market analyses we have on file.
• Correction Publication: Once an error is verified, we aim to publish the corrected information within 7 days. This turnaround ensures that our data remains reliable and up-to-date.

This structured approach helps us manage the workflow efficiently and keeps you informed every step of the way.

Differentiating Corrections from Data Updates

It's crucial to distinguish between a factual "correction" and a routine "update" to our data. Both are important, but they signify different types of changes.

A Correction addresses a factual error, such as an incorrect numerical value, a misattributed source, a misquoted statement, or a mathematical miscalculation. When we implement a correction, we clearly mark the affected page with a "Corrected: [date], [field]" notice. This metadata indicates precisely what was changed and when. Simultaneously, the dateModified timestamp for that page is updated, reflecting the recent change. For instance, if a reported price per square foot was $2.50/sqft but should have been $2.35/sqft, that's a correction.

An Update, conversely, refers to a refresh of data driven by the passage of time. For example, when Q1 2026 rent benchmarks are superseded by newly available Q2 2026 figures, this constitutes an update. These updates are integrated into our regular quarterly verification cycle. The lastVerifiedDate field on each page indicates when the data was most recently checked and confirmed against the latest available market information. This ensures our information remains current with market dynamics.

Maintaining a Public Audit Trail

Transparency is a cornerstone of our data policy. We maintain a public correction log, accessible at https://commercialleasecost.com/corrections/log/. This log provides a comprehensive record of all material corrections implemented on our site. Each entry includes the date of the correction, the specific page affected, and both the old and new values.

This public log serves as an immutable historical record, allowing any reader to review our editorial diligence and understand the evolution of our data. It's akin to a version control system for our published figures, where Old: $2.50/sqft, New: $2.35/sqft clearly shows the change. This commitment to an open record builds trust and ensures accountability.

What We Do Not Amend

While we are dedicated to rectifying factual errors, there are certain types of content we do not retract or modify:

• Editorial opinion or analysis: Any content clearly labeled as subjective analysis or opinion will not be altered. Our platform occasionally features insights that reflect a particular viewpoint, and these are distinct from factual data.
• Predictions or speculative content: We do not publish predictions or speculative market forecasts, so this category is generally not applicable. Our focus remains on verifiable, current market data.
• Accurately reproduced citations: If we have accurately quoted or reproduced information from a primary source, even if that primary source contained an error, we will not change our reproduction. Instead, we would add a specific note to that effect, clarifying that the original source contained the error, rather than misrepresenting our citation. This maintains the integrity of our referencing.

Handling Disputed Data Points

Occasionally, a user might present data that conflicts with our published figures, but which we cannot independently verify (for instance, proprietary closed-deal data from a private firm). In such scenarios, our approach is as follows:

• We will note the dispute in a dedicated "Reader feedback" section on the relevant page. This acknowledges the conflicting information without immediately altering our verified data.
• We will continue publishing our verified figure with its cited primary source. Our core data remains steadfast, backed by our rigorous verification process.
• If we can subsequently verify the authority and reliability of the alternative source, we will then add the disputed alternative as supplementary information. This provides readers with a broader perspective while still clearly distinguishing between our primary, verified data and additional, credibly sourced alternatives.

This balanced approach ensures we incorporate valuable community input without compromising the integrity of our core, verified dataset.

Responding to Upstream Errata

Market research firms and brokerages sometimes issue errata for their published reports, such as a Marketbeat or a detailed market analysis. When we become aware of such an upstream correction:

• We will update the cited number on our platform to align with the corrected source material.
• We will note the erratum in our changelog, providing a clear record of the update.
• The dateModified timestamp for the affected page will be updated to reflect this latest change, ensuring our content's freshness is accurately tracked.

This process ensures our data remains synchronized with the most accurate information available from primary market sources.

Our Engineering for Data Integrity

Preventing errors is always preferable to correcting them. We've implemented several layers of checks and balances to bolster our data integrity:

• Double-Entry System: Every market number published undergoes a double-entry process. One team member inputs the data, and a separate reviewer independently enters and cross-references the same data. This acts as a robust initial quality gate, catching transcription errors early.
• Quarterly Re-verification: Beyond initial entry, all data points are subjected to a rigorous quarterly re-verification against their primary sources. This systematic review catches any subtle shifts or newly published updates that might have been missed.
• Daily Hash-Comparison of Sources: We employ an automated system that performs daily hash-comparisons of our primary source pages. This technical check helps us detect any changes to a source URL or its content, providing an early warning system for potential data shifts or source deprecations. It's like a continuous integration pipeline for our data.
• Reviewer Credential Signoff: Critical data points receive a formal signoff from a credentialed reviewer. We are working towards having all such reviews conducted by CCIM-designated professionals, adding an extra layer of industry expertise to our verification process.

These preventative measures are designed to minimize the occurrence of errors from the outset, allowing us to deliver reliable data consistently.

Acknowledging Community Contributions

We deeply value the contributions of our community members in maintaining data accuracy. When a reader provides a correction that leads to an update on our site, we make it a point to publicly acknowledge their contribution. This acknowledgment, with their express permission, might appear in the page footer of the corrected article or on our dedicated /thanks/ page. Real estate professionals who proactively flag errors are particularly welcomed and appreciated, as their expertise is invaluable.

Full data + interactive calculator: commercialleasecost.com

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Please note: The information provided is not financial or legal advice. Our estimates are based on publicly available market data and broker reports. Commercial real estate markets are highly local and deal-specific. Always consult a licensed commercial real estate broker and a qualified real estate attorney before entering into any lease agreement.