Frequently Asked Questions
We have answers to your questions about markets, transactions and submittals.
Should I provide all 2009 transactions or just my best deals?
As the Power Broker Award ranking is based upon 2009 transactions, we request that you provide all 2009 tranasction information, not just top deal information.
What information do I need to submit?
For lease transactions, we require the building address, city, state, property type, square footage leased, floor or suite (if multi-tenant building), sign date, tenant move-in date, name of tenant, names of brokers involved, and notation of new lease, renewal, or sublease. If you are not restricted by a confidentiality agreement, please include the lease term and effective rent.
For sales transactions, we require building address, city, state, property type, rentable square footage of the building, date closed, sale price, buyer name, buyer broker company, buyer agents, sell name, seller broker company, seller agents, and notation of investment or owner/user sale.
If the sale was an investment, please send us the cap rate for the transaction (if it has one). If the sale was an owner/user, please send us the date the new owner is moving/moved in.
In what format do I need to submit my transaction information? My company has a sheet with all of this information on it already. Can I send you that?
CoStar provides you with lease and sales transactions templates that will assist you in providing deal information in the appropriate format. However, if you have your own sheet that has all of the required information, please feel free to send that instead of the template sheet. Please see How to Enter page for transaction templates.
In what markets will the awards be given?
The following is a list of markets in which the 2009 Power Broker Awards will be given:
Western Region: Albuquerque, Austin, Bakersfield, Boise City/Nampa, Colorado Springs, Denver, East Bay/Oakland, El Paso, Fresno, Hawaii, Inland Empire (California), Las Vegas, Little Rock/N. Little Rock, Los Angeles, Marin/Sonoma, Orange (California), Phoenix, Portland, Reno/Sparks, Sacramento, Salt Lake City, San Antonio, San Diego, San Francisco, Seattle/Puget Sound, South Bay/San Jose, Spokane, Stockton, and Tucson
Central Region: Birmingham, Chicago, Cincinnati/Dayton, Cleveland, Columbus, Dallas/Ft Worth, Des Moines, Detroit, Fayetteville/Springdale/Rogers, Fort Smith, Houston, Indianapolis, Kansas City, Knoxville, Louisville, Memphis, Milwaukee/Madison, Minneapolis/St Paul, Mobile, Nashville, New Orleans/Metairie/Kenner, Oklahoma City, Omaha/Council Bluffs, Pittsburgh, Springfield, St. Louis, Toledo, Tulsa, and West Michigan
Eastern Region: Albany/Schenectady/Troy, Atlanta, Baltimore, Baton Rouge, Boston, Buffalo/Niagara Falls, Charleston/N Charleston, Charlotte, Columbia (South Carolina), Greensboro/Winston-Salem, Greenville/Spartanburg, Hampton Roads, Hartford, Jacksonville (Florida), Long Island (New York), New York City, Northern New Jersey, Orlando, Pensacola/Ferry Pass/Brent, Philadelphia, Portland/South Portland, Providence, Raleigh/Durham, Richmond VA, Rochester, South Florida, Southwest Florida, Syracuse, Tallahassee, Tampa/St Petersburg, Washington DC, and Westchester/So. Connecticut
I can’t make the deadline. Can I submit my transactions late?
No. Submissions received after the deadline will not be considered for the Power Broker Awards.
How many awards do you give out?
The number of awards given in each market is dependent upon the tier. In larger tier markets, 20 awards are given for the individual and company level. In middle tier markets, 15 and 10 are awarded, with newer markets awarding three firms for leasing.
“I did 1,000,000 sf of deals,” did I win? “I did $1,000,000 worth of sales,” did I win?
The Power Broker award acknowledges the top brokers and firms in each market in relationship to other brokers and firms within the market. No minimum threshold for receiving one.
If I send you my deals, can you tell me where I rank?
We cannot provide rankings throughout the submission process or in the final winner announcement.
Can I just send you the total number of deals I did?
No. The required transaction information must be reviewed and verified by our internal research team.
I'm located in a market that quotes rents as per square foot per month. Do I need to convert effective rental rates to annual or can I submit monthly rents? Also, should I give them per square foot or as a total?
When submitting effective rents it is not required to convert monthly to annual rents (or vice versa), however we do ask that you quote them consistently. Also, please quote rents as a per square foot value regardless of whether it is a monthly or a yearly rent.
How do you calculate winners?
On the lease side, deals are calculated primarily based upon square footage. On the sales side, winners are calculated based upon sales dollars. Only deals that occurred during the 2009 calendar year are considered. For more information, please view the methodology.
I represented both sides of a deal. Do I get credit for being on both sides?
CoStar understands that in some cases the broker will represent both parties involved in the transaction. In those cases, the entry is counted twice for the same transaction. For more information, please view the methodology.
Should I submit deals done outside of my home market? Will I be considered for awards in those markets as well?
You should submit deals outside of your home market, as CoStar counts deals conducted anywhere in the United States during the 2008 calendar year; however, they will all contribute towards the awards in your home market.
Who is eligible to win an award?
To be included in the Power Broker awards, firms must be primarily in the business of brokerage, either as a tenant rep, a landlord rep or both. Firms that are primarily owners of real estate are excluded.
If many of the brokers from my office were involved in a deal, will we all get credit?
Yes. CoStar gives full credit to every broker involved in a deal -- we do not “share it” between brokers, limit the number of brokers associated, or split it in any way. When submitting the deals, please make sure that all brokers are included on the same line of the spreadsheet. Please do not send the same deal twice.
Who do I send the completed transaction sheet to? Should I send this to my regular research contact?
No. Please send to the your Power Broker Regional Manager, which can be found by referencing the map on the How to Enter page.
I broke my plaque from a previous year. Can I get a new one?
Yes. Please email powerbrokers@costar.com to request a replacement.