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Real Estate · head to head

ARGUS Enterprise vs VTS

ARGUS Enterprise logo

ARGUS Enterprise

Real Estate

Cash flow forecasting and valuation software for commercial real estate, the industry-standard modelling tool now sold by Altus Group with no published price

From
On request
Rated
-
Full reviewWebsite
VTS logo

VTS

Real Estate

Leasing and asset management platform for commercial landlords, centralising deal pipeline, stacking plans and tenant activity with no published pricing

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: ARGUS Enterprise pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.; VTS pricing is entirely unpublished, and reviewer sentiment specifically calls out cost as high for smaller teams or portfolios with limited leasing volume, meaning value is genuinely scale-dependent.
  • They diverge on capability: ARGUS Enterprise covers DCF valuation, VTS covers Deal pipeline tracking.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which ARGUS Enterprise and VTS actually diverge.

Attributes where ARGUS Enterprise and VTS differ
AttributeARGUS EnterpriseVTS
PlatformsWindows, WebWeb, iOS, Android

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Real Estate).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in ARGUS Enterprise

  • DCF valuation
  • Traditional capitalisation methods
  • Lease-by-lease analysis
  • Portfolio budgeting
  • ARGUS Intelligence
  • ARGUS file interoperability

Only in VTS

  • Deal pipeline tracking
  • Stacking plans
  • Lease expiration management
  • Market intelligence
  • Broker collaboration tools
  • Portfolio reporting

What people use each for

The jobs each tool is most often brought in to do.

ARGUS Enterprise

  • An institutional investor needing DCF valuations in the ARGUS file format lenders and counterparties expectnot VTS
  • An appraiser producing defensible, industry-standard valuation reports for institutional clientsnot VTS
  • A REIT or investment manager running portfolio-wide budget and scenario comparisons across propertiesnot VTS
  • A CRE professional pursuing ARGUS Software Certification as a recognised credential for career progressionnot VTS

VTS

  • A landlord with dozens of properties needing real-time stacking plan visibility across the whole portfolionot ARGUS Enterprise
  • An asset manager tracking lease expirations months ahead to plan renewal or re-leasing strategynot ARGUS Enterprise
  • A large leasing team wanting centralised deal pipeline data shared with representing brokersnot ARGUS Enterprise
  • An institutional owner wanting portfolio-level leasing velocity reporting for investor updatesnot ARGUS Enterprise

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

ARGUS Enterprise

  • Pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.
  • Because the ARGUS file format is the institutional standard, firms are effectively locked into the platform to participate fully in institutional deal flow, regardless of whether a cheaper tool would otherwise serve them.
  • The interface and modelling workflow have a steep learning curve, which is precisely why the ARGUS Software Certification exists as a distinct, paid credentialing track.
  • Altus Group also owns Reonomy, a CRE data product, which means a firm buying both ARGUS and Reonomy is concentrating spend with a single vendor across valuation and data.
  • It is a modelling and valuation tool, not a data source; a firm still needs separate market data (CoStar, Reonomy or similar) to populate the assumptions ARGUS models run on.

VTS

  • Pricing is entirely unpublished, and reviewer sentiment specifically calls out cost as high for smaller teams or portfolios with limited leasing volume, meaning value is genuinely scale-dependent.
  • A single-building or small-portfolio owner gets comparatively little benefit from cross-portfolio features that are the platform core selling point, so the cost-to-value ratio is worse at small scale.
  • It manages leasing and asset data but is not a full property management or accounting system, so most landlords still run VTS alongside Yardi, MRI or a similar system rather than instead of one.
  • Broker adoption varies, so a landlord depending on shared deal tracking with external brokers has limited control over whether those brokers actually use the platform consistently.
  • As a data-centralisation tool, the value depends heavily on disciplined data entry from leasing staff, and inconsistent use degrades the stacking plan and pipeline accuracy the platform is sold on.

Pricing, plan by plan

ARGUS Enterprise

On request
  • ARGUS Enterprise$undefined/year
    • No published pricing, quote required from Altus Group
    • Licensed per user, typically annual subscription
    • ARGUS Intelligence and certification training priced separately

VTS

On request
  • VTS$undefined/year
    • No published pricing, quote required
    • Cost scales with portfolio size and building count
    • Separate landlord and broker-facing products

Which should you pick?

Choose ARGUS Enterprise if

  • You need dcf valuation.
  • You work on Windows, Web.
  • You also want traditional capitalisation methods.
ARGUS Enterprise review

Choose VTS if

  • You need deal pipeline tracking.
  • You work on Web, iOS, Android.
  • You also want stacking plans.
VTS review

Questions people ask

Is ARGUS Enterprise or VTS better?
Neither clearly leads. ARGUS Enterprise starts at On request and VTS at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, ARGUS Enterprise or VTS?
ARGUS Enterprise starts at On request and VTS at On request.
Does ARGUS Enterprise or VTS run on more platforms?
ARGUS Enterprise runs on Windows, Web. VTS runs on Web, iOS, Android.
What is ARGUS Enterprise best used for?
ARGUS Enterprise is most often used for an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect, an appraiser producing defensible, industry-standard valuation reports for institutional clients, a reit or investment manager running portfolio-wide budget and scenario comparisons across properties, a cre professional pursuing argus software certification as a recognised credential for career progression. Of those, an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect and an appraiser producing defensible, industry-standard valuation reports for institutional clients are not what VTS is typically brought in for.
What can ARGUS Enterprise do that VTS cannot?
ARGUS Enterprise covers DCF valuation, Traditional capitalisation methods, Lease-by-lease analysis, Portfolio budgeting. VTS covers Deal pipeline tracking, Stacking plans, Lease expiration management, Market intelligence.

Answered from the vendors’ own pages

ARGUS Enterprise: Is there a published ARGUS Enterprise price?

No. Altus Group quotes pricing directly, licensed per user on typically an annual basis.

VTS: Is VTS for tenants or landlords?

Landlords and their leasing and asset management teams. There is a separate broker-facing product, but tenants are not the customer.

ARGUS Enterprise: What is ARGUS Software Certification?

A professional credential recognising proficiency in ARGUS Enterprise, reflecting how central the platform is to institutional CRE valuation work.

VTS: How much does VTS cost?

Pricing is not published anywhere; cost is quoted based on portfolio size and building count.

ARGUS Enterprise: Why is ARGUS considered an industry standard?

Its output file format has become the de facto exchange standard lenders and institutional investors expect when reviewing a commercial property valuation.

VTS: Does VTS replace property management software?

No. It manages leasing pipeline and asset data; landlords typically still run separate property management and accounting systems such as Yardi Voyager or MRI Software alongside it.

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