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In 1987, when our Chief Executive Officer, Andrew Florance, was still a college student at Princeton University, he recognized that the commercial real estate industry required a more efficient way to synthesize information to better serve the client.
Today, the company he founded, CoStar Group, not only is the leading provider of information services to the commercial real estate industry, it is transforming the way that industry operates. Here is how we do it.
The Most Researched Properties
CoStar Group employs the industry's largest professional research organization, allowing us to proactively track more commercial real estate property than any other source. More commercial properties and listings means more opportunities for our customers to save time and make money.
We've invested hundreds of millions of dollars to perfect our state-of-the-art software technology and extensive research methods. More than 1,000 researchers and photographers canvass the United States and United Kingdom to collect and update property information. And that information is updated regularly in a standardized, organized fashion.
The result is an enormous database — the foundation for all CoStar Group services — that gives a more complete picture of local market conditions, including properties, tenants and sale comparable information and analytics. With the most reliable, accurate, timely and comprehensive information at their fingertips, our customers gain the competitive edge, win the best deals, and maximize their profits.
Nothing Replaces Meticulous Work in the Field
Unlike online listing services and bulletin boards, which are often incomplete and inaccurate, CoStar Group doesn't wait for users to post their listings. We proactively collect and verify the data. In fact, our highly skilled, dedicated commercial real estate research team gathers this data by constantly interviewing tenants, owners and brokers, and examining over 60 million public records.
On top of that, our staff of professional Field Research Photographers drive thousands of miles every day; they measure and take pictures of buildings and collect for-lease and for-sale signs. With more than 3,000,000 high-resolution digital images — the largest commercial real estate image library in the country — our customers and their clients get a fuller, more complete picture of all the opportunities within grasp.
Superior Services
CoStar offers a suite of services. CoStar Property® is considered an industry utility for leasing listings, with the industry's largest digital library of building photos, floor plans and aerial photos. CoStar COMPS® offers the industry's largest national database of verified commercial sale comparables, and CoStar Tenant® is a comprehensive database of detailed tenant information. For information about all of our products click here.
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