Scayled vs ARGUS: what is the difference for industrial funds?
ARGUS Enterprise and Scayled do different jobs and are not alternatives. ARGUS Enterprise, from Altus Group, is widely used commercial real estate software for cash flow modelling and valuation, including the renewal probability and downtime assumed when each lease ends. Scayled acts on a real vacancy: for a unit that is empty or coming back, it finds 250 to 350 businesses the building suits, the person who signs at each, and drafts an approach per business, for a fixed US$749 per vacancy. A fund typically uses ARGUS to value the asset and Scayled to help fill the unit.
- What does ARGUS Enterprise do?
- What does Scayled do?
- Is Scayled an alternative to ARGUS?
- How do ARGUS and Scayled fit together?
- When should a fund use each?
- What does each cost?
What does ARGUS Enterprise do?
ARGUS Enterprise is Altus Group's software for modelling property cash flows lease by lease and valuing assets and portfolios. Valuers, owners, fund managers and lenders use it to project rent, recoveries, costs and capital items, run discounted cash flow valuations and test scenarios.
When a lease ends, ARGUS rolls it into market leasing assumptions: a renewal probability, months vacant if the tenant leaves, the new rent, free rent, tenant improvements and leasing commissions, blended into one expected outcome. It is priced on licence and quote.
What does Scayled do?
Scayled works on one property at a time. For a unit that is empty or coming back, it assembles the 250 to 350 businesses most likely to lease or buy it, from the immediate area out across the market, identifies the owner or operations lead at each and writes a personal email about the building. It works alongside the appointed agent rather than replacing them.
It covers industrial and logistics property: warehouses, distribution and logistics facilities, yards and showrooms. It does not model cash flows, value assets, monitor tenants or forecast vacancy.
Is Scayled an alternative to ARGUS?
No. They sit in different categories. ARGUS answers what an asset is worth and how its cash flow behaves under a set of assumptions. Scayled answers who could take a specific unit that is empty or coming back, and gets an approach in front of the person who signs at each of those businesses.
The two do not overlap. ARGUS will keep telling the fund what a void costs in value terms, but it has no way to name who might end that void, and Scayled has no role in valuation or cash flow modelling.
How do ARGUS and Scayled fit together?
They meet at the downtime assumption. ARGUS models a number of months vacant after a tenant leaves; the real number depends on how early the re-let starts and how many suitable businesses hear about the space. Running a Scayled campaign on an expiry before the handback is one way to bring the actual downtime under the modelled figure.
Once a new lease is signed, its terms go into ARGUS like any other. Comparing actual downtime with the modelled assumption on each re-let gives the fund better inputs for the next valuation.
When should a fund use each?
Use ARGUS Enterprise for valuations, acquisition and disposal underwriting, budgeting, investor reporting on value, and scenario testing across the portfolio.
Use Scayled when a specific unit is vacant or likely to come back and the fund wants the businesses the building suits approached directly, alongside the agent and the listing, without advertising the space.
What does each cost?
ARGUS Enterprise is licensed through Altus Group and priced on quote, so compare it on a proposal for your own team and portfolio.
Scayled publishes its price per vacancy. The Campaign is US$749 for the Full 250 to 350 businesses or from US$449 for a Focused 100 to 150, paid once, with no subscription and no commission, so it sits as a fixed leasing cost against the downtime line ARGUS models. It is the direct-to-occupier leasing step that ARGUS assumes will happen but does not perform.
Lease The Vacancy In-House, Before You Appoint An Agent.
The Campaign finds the 250 to 350 businesses the building suits, names the person who decides at each and writes every email, ready in about five days. One payment of US$749 per property, no commission and no subscription. A focused 100 to 150 from US$449.