CoStar: Using Online Information To Profit In Commercial Property

"Costar.com" is quickly becoming one of the internet's best resources for buying and selling commercial real estate. And if it's commercial real estate information that you seek, the company bills itself as the "#1 Commercial Real Estate Information Company in the U.S. & U.K."

And I would have to agree with that statement.

The information on the site is incredible. CoStar has over 700 researchers who are constantly verifying and updating the information provided in listings.

Until recently, (June 2008), you had to be a paid member to search on their website. Now you are able to search commercial properties for free.

But there's a catch.

The free search function only shows about half of the available search results. If you want to see every property that fits your search criteria, you'll have to upgrade to their Property Professional. In addition to seeing every property, you will also get access to comprehensive property details, (location, class, zoning, size, year built, vacancy rate etc.) and powerful analytic information (like vacancy and rental rate trends, sales and loan info, assessment data and more).

The site also has over six million images in it's database that were taken by over 150 staff photographers.

Other Services Offered

  • Comps - verified commercial property sales data
  • Tenant - over 3.3 million tenants the database including lease expiration
  • Connect - agents can display listings on their own site
  • Commercial MLS - access totally researched for sale commercial properties
  • Market Reports - 3rd party commercial real estate information
  • Advertising - advertise to other users
  • Showcase - agents can "showcase" their listing in prominant places on the site.

Get started by viewing the "Property Professional" video demo .


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