The Real Deal New York

Commercial property database on the hunt for pirate

Reis Services claims $361,337 worth of reports have been illegally downloaded

August 30, 2015 12:00PM

images-1A database of commercial properties is on the hunt for a data pirate that has been accessing its proprietary reports for free, according to a Manhattan federal lawsuit.

Reis Services, which operates a database of more than 7,000 neighborhoods throughout the U.S., claims that an information thief in Austin has accessed its database 178 times in a year, downloading 798 reports worth $361,337, according to the New York Post.

Reis typically charges anywhere from $150 a month to $999 for a single report on a property.

The pirate accesses the site using the log-in credentials of a “well-known Fortune Global 500 financial institution” in New York, the suit claims. [NYP] Christopher Cameron