CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Their suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. LoopNet is the most heavily trafficked commercial real estate marketplace online with more than 9.8 million registered members.
“As soon as we started using CoStar, we began to reduce our research time by about 60 percent.”
“Thanks to CoStar, we can see what’s available in a specific area; whether the kitchens and baths are updated; and other key information. We’re able to create a game plan to determine what properties would get a strong premium after a renovation; how the market is performing before we begin construction in certain neighborhoods; whether we’ll need to offer concessions to be competitive; or whether the market is healthy enough that we can grow rents without having to give anything away for free.”
“CoStar doesn’t delineate between what kind of information is important to track; they track everything.”
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