ARGUS Enterprise (Altus Group) vs Northspyre
CRE Underwriting & Financial Modeling Software · Verified 2026-08-22 · No paid placement
The institutional-standard DCF modeling suite for commercial real estate
Institutional teams (lenders, REITs, appraisers, large PE funds) who need lease-by-lease DCF modeling across every asset class as the industry-standard, auditable model format that counterparties already know how to read — heavier and pricier than newer AI-native tools, and mid-transition to a new platform name/packaging.
AI-powered budgeting, forecasting and now deal management for developers
Development and capital-project teams already using Northspyre for budgeting/draws/investor reporting who now also want acquisitions scenario modeling and a diligence timeline in the same system — less mature as a pure underwriting tool than Argus/Rockport/Archer for teams starting from scratch.
| ARGUS Enterprise (Altus Group) | Northspyre | |
|---|---|---|
| Pricing model | Enterprise / quote-based | Enterprise / quote-based |
| Public pricing | ~$3,000-$5,000/user/year individual licenses, scaling to $200,000-$1M+/year for large enterprise deployments (third-party estimates, not published by Altus) | Not published |
| Asset classes | Office, Retail, Industrial, Multifamily, Mixed, Hotel | Office, Retail, Industrial, Multifamily, Mixed |
| Built for | Pe Funds, Reits, Lenders, Appraisers, Asset Managers | Developers, Pe Funds |
| Integrations | Excel, Altus Group ARGUS Intelligence Platform | — |
| Status notes | acquisitions: Owned by Altus Group; shutdown_risk: As of 2026, no longer sold standalone — existing subscriptions are being migrated to the unified ARGUS Intelligence Platform | product_expansion: Launched Northspyre Deal (Jan 22, 2026) adding scenario modeling, a due-diligence timeline tracker, and pipeline reporting for acquisitions teams — moving upstream from its original development/capital-project management core |
| Last verified | 2026-08-22 | 2026-08-22 |
What the data says
- ARGUS Enterprise (Altus Group) publishes pricing (~$3,000-$5,000/user/year individual licenses, scaling to $200,000-$1M+/year for large enterprise deployments (third-party estimates, not published by Altus)) while Northspyre is quote-only — if procurement speed matters, that transparency is a practical edge.
- ARGUS Enterprise (Altus Group) covers Hotel where Northspyre does not list coverage.
- Factor in ARGUS Enterprise (Altus Group)'s status: acquisitions: Owned by Altus Group; shutdown_risk: As of 2026, no longer sold standalone — existing subscriptions are being migrated to the unified ARGUS Intelligence Platform
- Factor in Northspyre's status: product_expansion: Launched Northspyre Deal (Jan 22, 2026) adding scenario modeling, a due-diligence timeline tracker, and pipeline reporting for acquisitions teams — moving upstream from its original development/capital-project management core
Frequently asked questions
- ARGUS Enterprise (Altus Group) vs Northspyre: which is better for CRE?
- Both are established cre underwriting & financial modeling software options; the right choice depends on firm type, asset mix, and stack fit. The comparison table on this page sets out pricing model, asset-class coverage, integrations, and vendor status side by side — verified 2026-08-22, with no paid placement influencing either profile.
- Do ARGUS Enterprise (Altus Group) and Northspyre publish pricing?
- ARGUS Enterprise (Altus Group): ~$3,000-$5,000/user/year individual licenses, scaling to $200,000-$1M+/year for large enterprise deployments (third-party estimates, not published by Altus). Northspyre: no public pricing — expect a sales process.