CoStar Brokerage Applications Reviews & Product Details

CoStar Brokerage Applications Overview

What is CoStar Brokerage Applications?

CoStar Brokerage Applications is a suite of real estate applications that help manage brokerage applications, property CRM, and marketing functions.

CoStar Brokerage Applications Details
Product Description

CoStar Brokerage Applications is a suite of real estate applications that help manage brokerage applications, property CRM, and marketing functions.


Seller Details
Seller
CoStar Group
Ownership
NASDAQ:CSGP
Company Website
Year Founded
1987
HQ Location
Washington, DC
Total Revenue (USD mm)
$1,399
Twitter
@TheCoStarGroup
42,573 Twitter followers
LinkedIn® Page
www.linkedin.com
4,518 employees on LinkedIn®
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CoStar Brokerage Applications Reviews

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UR
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

CoStar is an incredible addition and tool for market research. Whether you are trying to find your next deal, or are trying to fairly price your current sale, CoStar offers immense insight and knowledge that you can't find anywhere else. Review collected by and hosted on G2.com.

What do you dislike?

The biggest thing with CoStar is that from my experience, there is a pretty steep learning curve. I have done two training sessions, and have just spent time in the program, but it has taken me a decent while to feel comfortable using it. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I am determining if potential deals are fairly valued or not. Review collected by and hosted on G2.com.

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Administrative Assistant
Real Estate
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

you have easy access to a variety of services whether it be retail, office industrial etc Review collected by and hosted on G2.com.

What do you dislike?

there are times when I am posting a listing or trying to update my listings they don't go through or go through wrong. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Having access to multiple listings across new york gives us a head start in finding what our clients need. Review collected by and hosted on G2.com.

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Development, Leasing and Sales Management
Commercial Real Estate
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

CoStar is the most accurate source of listings available. It's easy to navigate and consolidates all pertinent info for my potential clients. Review collected by and hosted on G2.com.

What do you dislike?

For small brokerages, the pricing is exorbitant. Their interface could allow for more self-editing, rather than working through an agent to make changes. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It is the best option out there. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I'm reaching more clients through CoStar than through any other listing platform. Review collected by and hosted on G2.com.

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AR
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from the seller
What do you like best?

I like how it is easy to navigate and the information regarding the properties is kept up to date. Review collected by and hosted on G2.com.

What do you dislike?

Searching addresses can be misleading. Finding a property requires an exact address and sometimes properties are hard to find if you are basing it off of location. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

None. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Property updates for tenants who may be interested in relocating. Review collected by and hosted on G2.com.

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AR
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from the seller
What do you like best?

Tons of data and in-app tools to manipulate it. Review collected by and hosted on G2.com.

What do you dislike?

The data is only as accurate as the person who inputs it. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Use it as much as you can. You can learn so much by using CoStar on a daily basis. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Sourcing, marketing, and comparing properties in the commercial market. Review collected by and hosted on G2.com.

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UR
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

The data that they had on each property was top notch. Review collected by and hosted on G2.com.

What do you dislike?

It was fairly expensive from when we used it in the past. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It very good in terms of property information and data. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Getting real estate info was nice when using CoStar Brokerage Website. Review collected by and hosted on G2.com.

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Associate
Commercial Real Estate
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

CoStar definitely has the most up to date listings and most accurate information of all the listing services that I have ever used. It also has the most properties available and has the most accredited professionals using this site. Review collected by and hosted on G2.com.

What do you dislike?

Some property information is either out of date or inaccurate, but most of that is because the broker who listed the property inaccurately input the information. It would be great if they required brokers to put in all the zoning information for a property as well, thus to make it easier to search for specific uses allowed in certain zones, etc. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you are serious about getting involved in Commercial Real Estate and finding them most accurate information, I highly recommend using CoStar over other listing services. With that being said, I also highly recommending contacting them directly and having one of their marketing specialists meet you or do a full online demo for you. They have the best support staff I have experienced, and if you are on the fence, give them a call and get a full tutorial. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

This service makes finding properties for clients very easy and also makes listing properties for owners and finding tenants or buyers very easy. I have realized that the most accredited professionals in this industry use CoStar as their go to listing service, and that information from other sites is inaccurate way more frequently than it is on CoStar. Review collected by and hosted on G2.com.

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Industrial Real Estate Broker and Investment Properties
Real Estate
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

I love the user interface. It really is the most comprehensive real estate brokerage product available. They are the 2 ton gorilla in this space and the price reflects it. It has all of the functionality I could ever want. The ability to save searches, reports, input my own data and notes, and showcase my listings. I will say that the support is great. They have plenty of tutorials, videos, and articles to help with questions. I haven't personally had any conversations with their customer support, but I hear they are very helpful. Review collected by and hosted on G2.com.

What do you dislike?

I dislike the data integrity. I know they try, but it would be great if it was truly reliable. I try to use it all I can but unfortunately, I have to cross reference information with other sources. It is a great source but unfortunately because of it's expense and exclusivity, some other types of properties don't make it on. For example, if a residential broker were to list a commercial property, it is very likely that this property does not end up on CoStar because very few residential brokers are willing to fork up the money for a CoStar subscription. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It's expensive, but it really is necessary as a commercial real estate broker. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I love that I can customize CoStar for my purposes. If used propertly, CoStar can be a CRM, listing source, research database, and starting point for much due diligence. I love the ability to customize my reports to fit my needs. Review collected by and hosted on G2.com.

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Senior Vice President
Commercial Real Estate
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

There are a number of features that are very useful for me. The first is the ability to look up historical sales comps. The second is the building data. Lastly, costar tenant although doesn't have all the tenant info, does allow us to make better cold calls Review collected by and hosted on G2.com.

What do you dislike?

I think for the most part, there are not many items about Costar that I don't like. It would be nice to have more comprehensive tenant info but I know that sometimes that info is hard to compile. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Costar tenant allows us to cold call more efficiently by knowing the tenant's leases expire. We also use costar to data mine addresses and contact info for potential new clients. Review collected by and hosted on G2.com.

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UR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

CoStar offers a wide variety of tools that can be used to find individual property information or broad, market information. This keeps me informed as a market expert and able to assist clients on a number of important real estate issues. Review collected by and hosted on G2.com.

What do you dislike?

CoStar is expensive. However, it would be much more difficult and expensive to personally gather and maintain all of the data available. Additionally, the quality of the data and services available is, in my opinion, superior to the competition. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you are regularly conducting commercial real estate business, this is an important tool to ensure you have the information needed for yourself and your clients. It offers you the ability to spend more time working on deals instead of data mining and management. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Through CoStar, I can find holes in the market for developers who might want to add to the supply of available properties in the area. For prospecting, I can find the direct contact of a business or ownership group. And for assisting a tenant or buyer, I can quickly find a survey of available spaces that match the criteria for the requirement. Additionally, we can follow trends of what direction pricing is headed in. Review collected by and hosted on G2.com.

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Associate Advisor (Hornstein|Fetter Multi-Family Team)
Commercial Real Estate
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

CoStar has the most in depth and comprehensive statistics of any real estate database. From searching sales comps to investigating current listings, it's a great place to go. Their team is also extremely helpful and proactive in reaching out to gather data. Our account representative is always being proactive about reaching out, and they have even sent reps to our office to help us understand how to best use all the tools. Review collected by and hosted on G2.com.

What do you dislike?

The user interface could be improved in certain areas, and the speed of the report generation engine can sometimes be inadequate. The site is relatively easy to use and navigate, but it is by no means 'slick' in the sense that some things load slowly, the user interface itself isn't very modern, and the look and feel is a bit outdated. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

You may find slicker applications on the market, but you won't find another app/website with data that is nearly as comprehensive as that provided in CoStar. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Problems are lack of good data and a surplus of bad data about commercial real estate. CoStar is the best place to sift through the 'junk' data and get to the 'good' data. It has very powerful search tools, and some good visualization options including maps, charts, etc. Review collected by and hosted on G2.com.

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Associate Broker
Real Estate
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

My favorite aspect of CoStar is the applications ease of use. Every piece of information that you need on a building is very readily available Review collected by and hosted on G2.com.

What do you dislike?

The one and only thing that I dislike about CoStar is the information can sometimes be outdated. It is not updated enough to provide high accuracy - it's right about 60% of the time Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I highly recommend the application if you need to know many details about particular buildings, tenants, or landlords. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

As a Real Estate broker I use CoStar very often in my day-to-day activities. I am able to quickly verify addresses and square footage of client (verify via googling them) Review collected by and hosted on G2.com.

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UC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Will use Coast Guard for comps tenant searches and to look for listings on a national level It is great because it has a lot of tools when you're looking at different listings around the country Review collected by and hosted on G2.com.

What do you dislike?

We don't like that you can only use it on one computer and that makes it hard to want to work from home It should be truly web-based like a lot of the other applications out there on the market Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Easier to use anymore web based Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

It is great because all of our brokers use this in all of our offices so we all have the same information Review collected by and hosted on G2.com.

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UC
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Vast choice of features

CoStar data in selected areas where AIR data unavailable Review collected by and hosted on G2.com.

What do you dislike?

Monthly cost is obscene... and keeps going up year after year

Inability for our individual agents to buy just the CoStar brokerage applications the need "a la carte". Instead CoStar requires EVERY agent in our office to have a full CoStar subscription of a BUNDLED apps, many which we NEVER use as industrial real estate brokers.

Data accuracy inferior to AIR Review collected by and hosted on G2.com.

Recommendations to others considering the product:

verify CoStar data accuracy against known facts by picking a street in your market that you know... and compare their property, business and property owner data. CoStar data accuracy in our Orange County CA market was inferior to AIR data Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

property searches for clients: both currently on market and comparable sales & leases

able to search markets where AIR data unavailable Review collected by and hosted on G2.com.

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UC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

This is a great product, but sometimes a little confusing. There is so much that co-star has to offer that I don't even know about Review collected by and hosted on G2.com.

What do you dislike?

I dislike that when I have to go back, its hard to do so without messing a search up and makes me do it over Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Makes it easier to navigate Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I am solving the problem of finding spaces for tenants.

The benefits are that the site has many contacts and spaces for lease Review collected by and hosted on G2.com.

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AR
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Co-Star is a great portal for Commercial Listing and has access to many listings. I would recommend this to any agent looking to do commercial or office spaces for rent in the US of A. Go C0-star! Review collected by and hosted on G2.com.

What do you dislike?

I have fun ups to dislike about co-star. If I have anything bad to say, the lag when searching properties can be a little frustrating but other than that, it is a great portal! Review collected by and hosted on G2.com.

Recommendations to others considering the product:

None Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

None Review collected by and hosted on G2.com.

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UR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

It is very in depth and you are able to get most of the information that you need without calling the listing agent Review collected by and hosted on G2.com.

What do you dislike?

It is a little complicated, there is a decent amount of training needed to learn co-star Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Helps with my everyday business in real estate Review collected by and hosted on G2.com.

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Commercial Real Estate
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

mostly updated research, comprehensive database, multiple tools Review collected by and hosted on G2.com.

What do you dislike?

The research is sometimes outdated, I would trust the research about 80% of the time Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I would recommend COSTAR to anyone in this field it is a great platform for a real estate business and at least points you in the right direction. It is continually growing and becoming the industry leder in what they offer Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

It helps with the daily process of brokering real estate Review collected by and hosted on G2.com.

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UC
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Depth of Data, Analytics, Mobile capability Review collected by and hosted on G2.com.

What do you dislike?

COST, Clearly CoStar has identified a need and continue to absorb other firms providing needs. Any firm should critically evaluate the services offered before subscribing Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Define the Need, Identify your short term/long term need for data and access and weigh the COST Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Access to data , and the speed we can accumulate the information needed Review collected by and hosted on G2.com.

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AC
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

I am enjoying some of the new features and layouts for printing property information. Review collected by and hosted on G2.com.

What do you dislike?

Difficult to learn and navigate, I taught myself over some time but some of the functions don't make sense as to why they are where they are. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Stick with it, it looks like they are going in the right direction as long as their customer service improves - which is much needed. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

This software is helpful in my business' surveys and tours for clients. Review collected by and hosted on G2.com.

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UR
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Costar does a great job at providing accurate information on commercial properties (basic property info, contacts, availabilities, leases, etc.). For online resources, it is the the best option out there, at least in my markets. Review collected by and hosted on G2.com.

What do you dislike?

The lack of a map view where you can click on parcels and retrieve property information. Also, the cost! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Provides a go-to resource for commercial real estate info. It's an indispensable resource for brokers. Review collected by and hosted on G2.com.

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UC
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Integration with other CoStar applications and software! Review collected by and hosted on G2.com.

What do you dislike?

Could all be included under one CoStar umbrella and transfer data internally! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Brokerage, Real Estate consultancy. Live/current data is a big reason why I like using CoStar. Review collected by and hosted on G2.com.

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AR
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Good historical data for commercial real estate use. Can be utilized for market sale/rent projections and analysis. Review collected by and hosted on G2.com.

What do you dislike?

Cost and constant requests for property updates from employees. They need to offer discount structure. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Consider tiered cost structure to allow for ala carte usage of features. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Good for developing market profiles for clients and customers. Review collected by and hosted on G2.com.

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UC
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

The map search feature, which allows me to draft boundaries of specific submarkets. Review collected by and hosted on G2.com.

What do you dislike?

Comp data is sometimes inaccurate. This is no fault of CoStar. The data accuracy is at the mercy of the brokers who send the information. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I am an investment broker in commercial real estate and CoStar is a great tool in my operations. Review collected by and hosted on G2.com.

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AR
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

closing information is quick but they just get it from public records Review collected by and hosted on G2.com.

What do you dislike?

They call too much, charge too much, and basically try to sell information to the people that they need the information from. it's basically a scam Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

meh Review collected by and hosted on G2.com.

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Do you work for CoStar?