I just got a quote from them and holy cow I'm blown away at what they want me to pay. This is critical for appraisers' credibility and the success of their clients.CompStak also lets you find properties that are similar to your subject property (competitive set). Unless otherwise required by applicable law, Licensee agrees to keep the terms of this Agreement strictly confidential. We are currently resigning a new contract since our 5 year contract expires this month. CoreLogic is a provider of commercial property data, analytics, and services to commercial and government clients. 19. In the letter, the firms asked CoStar to . CoStar itself drew down $745 million from its credit line in March as a hedge against a tumultuous market. Through proprietary data and advanced analytics, Reis helps appraisers gain insight into the major US commercial real estate markets.Reis leverages its advanced data collection methodology which produces transaction profiles. Only those that provide detailed comparables data truly improve your client outcomes. 15. (c) The CoStar Product may be used by no more than the number of users set forth on the Subscription Form and associated with the site(s) specifically identified therein. Rates that I was quoted earlier this year..all are for annual contracts, but was told that signing a 3-year contract would get a 20% discount. The new contract will jump drastically, causing our prices to quadruple! Powerful analytical tools aggregate market data and reveal the trends driving the market. 4. $100M+ in transactions.Author has 743 answers and 15.4M answer views Updated 21 h Related I don't know about others, but I was recently quoted a cost of approximately $3,500 per month ($42,000 per year) for CoStar. Users are incentivized to update and correct data. Still not sure about COSTAR? It provides top-notch security to data. RCA is classified as a high-end, costlier solution. Licensee hereby grants to CoStar an irrevocable, non-exclusive license with respect to CoStars and its affiliates databases to use, modify, reproduce and sublicense with respect to commercial real estate information available on Licensees website. Advanced packages let you dig into features such as tenant details and advanced filters. Licensee acknowledges that if it creates any settings, saved searches, fields or functions in the CoStar Product or inputs, adds or exports any data into or from the CoStar Product (collectively, the User Data), none of the CoStar Parties shall have any liability or responsibility for any of such User Data, including the loss, destruction or use by third parties of such User Data. Invest in real estate and never run out of money! Licensee agrees that CoStar may send to Licensee and its employees, Authorized Users and Exclusive Contractors communications, including, but not limited to, email communications about new features or products, available real estate listings, product feedback and other marketing content, which the email recipient may unsubscribe at any time. Without CoStar, I dont know how we could have done that.. CoStar may, at its own expense, reasonably assist in such defense if it so chooses, provided that Licensee shall control such defense and all negotiations relative to the settlement of any such Claim. Schedule a Demo Who uses CoStar? subscription costs 5.99 per month or 59.99 per year. (a) Subject to the prohibitions set forth below, during the term of this Agreement, Licensee may, in the ordinary course of business: (1) use the CoStar Product for Licensees internal research purposes; and (2) use the Database (A) to provide information regarding particular properties to its clients and prospective clients; (B) to market particular properties, and (C) to support its valuation, appraisal or counseling regarding a specific property. CoStar's intuitive platform makes it easy to find and explore detailed information on commercial real estate sales. At termination or nonrenewal of this Agreement, Licensee may no longer use any portion of the Licensed Product in any manner. Those portions of the Software, Database, Analysis and CoStar Market Reports that are licensed hereunder, including any updates or modifications thereto, and any information derived from the use of the Database, Analysis or CoStar Market Reports, including as a result of the verification of any portion of the Information, Analysis or CoStar Market Reports by Licensee, are collectively referred to herein as the CoStar Product. The CoStar Product and the STR Benchmark Product are collectively referred to herein as Licensed Product. (b) During the term of this Agreement, CoStar hereby grants to Licensee a nonexclusive, nontransferable license to use only those portions of the Licensed Product that are expressly identified on the Subscription Form into which these CoStar Product Terms and Conditions and STR Benchmark Terms (if "appliable") are incorporated by reference, subject to and in accordance with the terms of this Agreement. Costar Monthly Rates per Person - assuming no contract* CoStar comps give you the power to understand pricing and property values, so youll be certain to get your client the best deal no matter which side of the transaction you represent. (d) Licensee will ensure that access to and use of the Licensed Product, and the user names and passwords (collectively, the Passcodes) and any other authentication method used to access the Licensed Product are available only to Authorized Users, and will not allow anyone other than an Authorized User access to the Licensed Product or Passcodes for any reason. No Authorized User who ceases to be an employee or Exclusive Contractor of Licensee may use any Passcodes in any manner. No Authorized User may share his assigned Passcodes with any other person nor allow any other person to use or have access to his Passcodes. Once they snuffed out xceligent they literally killed their competition. Machine learning helps detect, compare, and verify different versions of the same comp. Trrend is a commercial real estate sale and lease comps software platform available at an affordable price. The CoStar Suite, which includes CoStar COMPS, is available by paid subscription only. Solomont at eb@therealdeal.com. The English language version of this Agreement shall be binding. All other data is free. Check out alternatives and read real reviews from real users. This platform has access to a large database, mostly due to its ability to aggregate public transaction data from thousands of US counties.CoreLogic uses public, contributory, and proprietary data to develop predictive decision analytics. Reis subscription comes with a fee, and depends on the number of users and the type of data access one selects. LICENSEE UNDERSTANDS THAT THE ANALYSIS AND COSTAR MARKET REPORTS CONTAINED IN THE LICENSED PRODUCT ARE BELIEVED TO BE STATE OF THE ART AND, BY REASON OF THEIR LIMITED PERIOD OF USE, THEIR DEGREE OF ACCURACY IN REPORTING COMMERCIAL REAL ESTATE MARKET INFORMATION AND MAKING FORECASTS IS NOT PROVEN. EDIT: For comparison, larger firms are paying ~$4500pp per month. Download the full resource 1. Can anyone give any insight as to what costar costs? No Authorized User may access the Licensed Product using any Passcode other than the Passcodes assigned to such Authorized User. This is for data for the entire country. Licensee acknowledges that the Information is comprised of data that is owned by CoStar and its licensors and that CoStar and its licensors have and shall retain exclusive ownership of all proprietary rights to the CoStar Product, including all U.S., United Kingdom, Canadian, European Union or other international intellectual property and other rights such as patents, trademarks, copyrights and trade secrets. Frustrating but nothing else really to switch to yet. If a provision is held to be invalid, illegal or otherwise unenforceable, it shall be deemed to be replaced with an enforceable provision that retains the intent and benefits of the original provision. How much does LoopNet cost?Access to the LoopNet sold and off-market data is free. and our Solely with respect to any Claim under any laws, rules or regulations pursuant to the Section above, if for any reason the foregoing indemnity is unavailable to any CoStar Party, CoStar shall be entitled to seek in a court of competent jurisdiction Licensees contribution to such Claim under any legal or equitable theories available to it. We use your personal information to contact you to arrange a product demonstration. NO WARRANTIES. And if youre using it for expiring leases, dont. 3. Once independent, LoopNet is owned by CoStar but can be used independently. The CoreLogic platform boasts historical data on 740 million real estate transactions overall.Its important for appraisers to understand that comps arent the main business of CoreLogic. In other words, while LoopNet offers some useful data for research purposes, it does not provide actual CRE comps.While some appraisers use listings in the absence of closed transactions (comps), it is not considered a best practice, unless no relevant comps can be obtained.Since its not really an in-depth commercial comp database, appraisers may find LoopNet lacks important data. View analytics for the transacted property and the submarket in which it sits. CoStar gives you access to the largest inventory of active commercial real estate listings in the market to best serve your clients and maximize your commissions. CoStar Starting Price Click here to get detailed pricing as per your requirements. 6. CoStar Awards Get an Overview for the Leaders Matrix at glance Learn More LoopNet is only paid premium ads now, CoStar property has all the stuff people don't pay to put on LN and the stuff they capture from individual owners via their field research team, etc. Product features Marketing services Agency firms Owners & investors Lenders Professional services Retailers Local & national government THE ANALYSIS AND COSTAR MARKET REPORTS CONTAINED IN THE LICENSED PRODUCT MAY INCLUDE, WITHOUT LIMITATION, STATEMENTS REGARDING COSTAR'S CURRENT OR FUTURE BELIEFS, EXPECTATIONS, INTENTIONS OR STRATEGIES REGARDING PARTICULAR COMMERCIAL REAL ESTATE MARKETS. Termination. Or are they considering markets different areas of whatever city you're in ? Im paying $400 a month for Los Angeles. CoreLogic9. Any alternatives? All fees shall be billed in advance in accordance with the billing cycle identified herein and are due net thirty days. The parties obligations hereunder are binding on their successors, legal representatives and permitted assigns. Other features of this CoStar alternative include direct broker contact and new listing alerts.42Floors is essentially an aggregator of US commercial properties for sale, lease, sublease, and co-working. (b) Each Authorized Users access to the Licensed Product may be limited to a designated computer and requires the Authorized User to access the Licensed Product solely using the Passcodes and, if required by CoStar, Passcodes with two-factor authentication, including, but not limited to, facial recognition authentication. These consist of a national lab (lot 1) and up to 3 network labs (lot 2). Analyst Review - Our analysts cross-check lease and sales comps details across multiple sources. License. (a) This Agreement between CoStar Realty Information, Inc. and/or STR, LLC, a wholly-owned subsidiary of CoStar Realty Information, Inc . The majority of complaints seemed to be about their customer service which doesn't seem . 10 [deleted] 2 yr. ago [removed] They also told me they went away from the region specific, and made the license cover all markets. With the industrys largest research team, CoStar is the global source for commercial real estate information and analytics. 18. Except where Licensee is an individual, and therefore the sole Authorized User, all of such users (the Authorized Users) must be individuals who are (1) employed by Licensee or an Exclusive Contractor of Licensee at a site identified on the Subscription Form and (2) included on CoStars list of Authorized Users and associated sites for the CoStar Product. Jeeze I wonder why mine was so high. License. During the term of this Agreement, Licensee will promptly notify CoStar of any Authorized Users change of employment or contractor status with Licensee, including, without limitation, termination of an Authorized Users employment or contractual service with Licensee, and upon such termination Licensee shall cease using and destroy the Passcodes for such Authorized User. CoStar is a commercial real estate information site with a large property database on assets in the US, Canada, and the UK. How much does CREXi Cost?The free CREXi plan mostly targets expanding property listings reach, however, due diligence documentation is available. This means data such as net operating income and cap rates arent shown.How much does Reonomy cost?Individual accounts start at $49 a month. When you evaluate any commercial real estate data source, its critical to consider how the data is curated and verified. CoStar researches and records commercial sale transactions, putting a wealth of information at your disposal. This Agreement shall be construed under the laws of the District of Columbia without regard to choice of law principles. CoStar's intuitive platform makes it easy to find and explore detailed information on commercial real estate sales. Learn why CompStak Exchange is free. LICENSEE SHALL NOT HOLD COSTAR OR ITS LICENSORS RESPONSIBLE FOR ANY ERRORS IN REPORTING, EVALUATING, ANALYZING, SIMULATING OR FORECASTING COMMERCIAL REAL ESTATE MARKET INFORMATION, OR FOR ANY INFORMATION, ANALYSES OR COSTAR MARKET REPORTS COMPRISING THE LICENSED PRODUCT. (c) CoStar may interrupt the provision of any portion of the Licensed Product to Licensee upon CoStars good faith determination of any violation by Licensee of any provision of Section 1, 2, 3 or 13(a) hereunder, or any material provision of any other agreement between the parties or their affiliates, and Licensee shall continue to be responsible for all License Fees, provided that Licensee shall not be responsible for License Fees for an interrupted period if there was not an actual violation. Also, other platforms might be superior when it comes to relevant data for appraisers. Deliver presentation-ready reports to help your clients make data-driven informed decisions. CoStar Loan, Capital Markets CoStar Lease Analysis CoStar Advanced Reporting CoStar News CoStar Risk Analytics CoStar Risk Analytics - frca Get In Touch sales@costar.com 888-226-7404. You can request to stop receiving communications from us at any time by emailing us at gdpr@costar.co.uk Licensee agrees to pay the license fees and all other fees set forth in this Agreement in the currency set out on the Subscription Form (the License Fees). Keep in mind, if your listings aren't premium, people that don't pay for premium themselves, aka most property . CoStar solutions See how CoStar's powerful commercial property data and tools can support your business. A deep and detailed view of commercial tenants across asset types and geographies. They're wanting 12k a year fro 1 person to use their service. (a) This Agreement between CoStar Realty Information, Inc. and/or STR, LLC, a wholly-owned subsidiary of CoStar Realty Information, Inc. (collectively, CoStar), and Licensee concerns one or more products developed and maintained by CoStar consisting of one or more of the following: (1) a proprietary database (the "Database") of commercial real estate and/or lodging industry information, including but not limited to, the information, text, photographic and other images and data contained in or supplied from the Database(collectively, the Information) and the proprietary organization and structures for categorizing, sorting and displaying such Information; (2) forecasts, evaluations, simulations, assessments, models, processes, methods, techniques, applications, procedures, formulae, algorithms and other analyses related to real estate, lodging industry and/or securities, including but not limited to those related to the Licensees portfolio or otherwise resulting from the performance of services rendered in connection with any consulting agreement between CoStar and Licensee (the Analysis); (3) commercial real estate and/or lodging industry market reports, which may contain elements of the Database or the Analysis (for the purposes of this Agreement, the CoStar Market Reports); (4) related software (the Software) and (5) the STR Benchmark product, including, but not limited to, hotel and lodging reports and benchmarking services (the STR Benchmark Product), which, if Licensee receives such product, shall be subject to additional terms and conditions located here: https://www.costar.com/CoStarTerms-and-Conditions/STRBenchmarking (the STR Benchmark Terms). 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