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CoStar COMPS Reviews & Product Details - Page 2

CoStar COMPS Overview

What is CoStar COMPS?

CoStar COMPS provides a platform to capture, manage and maintain proprietary lease data for analysis.

CoStar COMPS Details
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Product Description

CoStar COMPS provides a platform to capture, manage and maintain proprietary lease data for analysis.


Seller Details
Year Founded
1999
HQ Location
Atlanta, GA
Twitter
@CoStarManager
205 Twitter followers
LinkedIn® Page
www.linkedin.com
8,684 employees on LinkedIn®
Ownership
NASDAQ:CSGP
Total Revenue (USD mm)
$1,399
Description

CoStar Group (NASDAQ: CSGP), is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1986, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia.

Recent CoStar COMPS Reviews

Verified User
U
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"CoStar Comps Without Peer"
The most complete dataset available in the commercial real estate industry. Comprehensive details, sorting and search tools
Zachary T.
ZT
Zachary T.Small-Business (50 or fewer emp.)
1.0 out of 5
"Not worth the money!"
It has the potential to be a great commercial platform for data, analytics, and property searches. It's just not there
Rahul r.
RR
Rahul r.Enterprise (> 1000 emp.)
5.0 out of 5
"Best Property & Real Estate Database"
I deal with USA properties. I didn't find any databases which has information on properties and sales data, apart from Costar. The database provide...
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CoStar COMPS Media

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19 CoStar COMPS Reviews

3.5 out of 5
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19 CoStar COMPS Reviews
3.5 out of 5
19 CoStar COMPS Reviews
3.5 out of 5

Overall Review Sentiment for CoStar COMPSQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Verified User in Commercial Real Estate
UC
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Seller invite
What do you like best about CoStar COMPS?

Being able to look up comps and print comps that match a survey. Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

Difficult to modify sale comps to export data for a report. Excel export is missing fields available to view. Review collected by and hosted on G2.com.

Recommendations to others considering CoStar COMPS:

Expensive tool but they are the market leaders and tend to buy out other products. Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

Accessing changes in the market and tracking changes to better understand absorption. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
CC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about CoStar COMPS?

Easy to use for searching in the larger markets. Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

Limited data available for secondary and tertiary markets. I found that the product did not adequately serve many of the smaller markets that I work in. Review collected by and hosted on G2.com.

Recommendations to others considering CoStar COMPS:

Ask others in your local market if there is adequate data coverage to make it worth the cost. Also be sure to do your own verification. Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

CoStar Comps is a good starting point for searching the market. Bur you still have to contact related parties for verification since some of the data is limited or not always fully accurate. Review collected by and hosted on G2.com.

Verified User in Real Estate
UR
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about CoStar COMPS?

Really enjoy this. I’ve called several properties to make sure the information CoStar gives is accurate, and they do very well. Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

It was hard to train my staff, but once we got the hang of it, it was a great resource for them. Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

Much easier than looking through our database for comps. Review collected by and hosted on G2.com.

Carla R.
CR
Assistant Vice President of Marketing
Marketing and Advertising
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about CoStar COMPS?

Ease of software and makes pricing property easier Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

Limits search range and ability to export certain comps in different formats e.i excel Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

Seeing how our buildings compare to others Review collected by and hosted on G2.com.

Verified User in Computer Software
UC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about CoStar COMPS?

Very easy to gather sales and lease comparables. The map tool is very helpful. It is somewhat confusing to use at first, but once you get the hang of it it's easy to navigate. I like the ease of use and the amount of information available. Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

Not always the most reliable to share with customers. Good for prospecting but shouldn't replace bottom up due diligence. Review collected by and hosted on G2.com.

Recommendations to others considering CoStar COMPS:

If you are looking for lease comps then I would highly recommend using this tool. Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

Looking for retail lease comps throughout the five boroughs. Great starting point and reference point for retail leases. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about CoStar COMPS?

Has a decent bulk of pertinent information. Much better than CoStar Lease Comps and/or CoStar Tenant. Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

Doesn't always have the full comp info such as the official vs DBS ownership. Could use better contact info as well. Review collected by and hosted on G2.com.

Recommendations to others considering CoStar COMPS:

Great for sale comps but just average for office & industrial lease comps. Very pricey product that could be better for lease comps over 5,000 sf, of which is usually only about 40% of the market transactions. Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

Finding our property values to deduce lease information for my tenant clients who are prospective buyers. Review collected by and hosted on G2.com.

Matthew K.
MK
Associate
Real Estate
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about CoStar COMPS?

They provide a base to work off of. For the most part pertinent info such as SF Leased, Lease Commencement, Parties in Transaction, Ceiling Height, Dock Doors, etc. are listed for your review. This comes in handy when cold calling (allows you to relay recent activity in the market). Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

These comps are never the best source of information to provide to a prospect or client. Co-Star is great for sourcing opportunity, but all lease comps should be confirmed with the broker listed on the transaction. This will ensure you provide your client with accurate and concise information. Review collected by and hosted on G2.com.

Recommendations to others considering CoStar COMPS:

Make sure you check the information provided. It is crucial that you confirm lease comp information before quoting it to prospects or clients. Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

- More efficient cold calls due to readily available information

- Greater knowledge of market activity

- Quicker responses to client/prospect requests

- Ease of access

- Ease of use

- Easy to convert to report format which makes for quicker presentation turnaround

- Reliable source of information Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
AC
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about CoStar COMPS?

i like the wealth of information you can get on costar and details they provide about a property Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

customer service, slow loading time, sometimes frustrating to navigate Review collected by and hosted on G2.com.

Recommendations to others considering CoStar COMPS:

Beware that getting a new account setup takes weeks...at least for my company. It seems that CoStar gets their own wires crossed and has weak communication internally. Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

its a great tool for getting flyer, brochure, and floor plans information on nationwide properties Review collected by and hosted on G2.com.

Verified User in Real Estate
UR
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about CoStar COMPS?

Its updated quickly which is great as I need new comps every couple of days. Also, the reports are pretty comprehensive which is helpful. Review collected by and hosted on G2.com.

What do you dislike about CoStar COMPS?

Sometimes it takes too many keystrokes to get the job done. Also sometimes I have to type the address multiple times in the search box before the right property shows up. Review collected by and hosted on G2.com.

Recommendations to others considering CoStar COMPS:

Definitely a good product Review collected by and hosted on G2.com.

What problems is CoStar COMPS solving and how is that benefiting you?

Looking for what buildings we have yet to learn have reached/ left the market.

Where we should be looking in terms of a hot market.

Cap rates.

Location preference for investors.

How much we can assume people can invest for similar properties Review collected by and hosted on G2.com.