Back to Costar

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Commercial Real Estate Agent with REATA Commercial Realty, Inc. Texas 537349

Costar is a commercial real estate information platform to which i just subscribed again. It is by far the largest and most accurate database out there. They list every office, industrial and retail building available for lease in the Dallas Fort Worth area plus tons of other markets throughout the country. They list hundreds of thousands of properties for sale throughout the country. They verify this data with their own researchers instead of just relying on the listing brokers to keep things accurate (that will never happen). They list tenant information and sales comps.

But all that information and power comes at a price. I'm talking 3.5 - 4 times the price of the next best competitor. That's why I haven't subscribed in so long. It's been about 5 years since I subscribed and I have missed it. 

Fortunately, Costar is trying to grab market share before that nearest competitor (Xceligent) dramatically ups its game after getting a huge cash infusion from a new investor. All this comes after Costar bought LoopNet (yet another competitor) and the FTC stepped in to keep things competitive. 

Costar is still expensive don't get me wrong. But that market share grab has brought down the price considerably...at least for a while. So I'm back for now. The competitive landscape will probably be much different when my two-year contract expires.

It sure would be easier if the commercial world could get its act together and agree on a single database that has everything like the MLS for residential. I don't see that ever happening though.

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_________________________________________________________________________

Bob Gibbons

REATA Commercial Realty, Inc. | 1211 E. 15th Street, Plano, TX  75074

972-468-1946 p | 866-439-8015 f | 972-984-8580 m

bob@texastenantrep.com | www.TexasTenantRep.com

 

 

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Topic:
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Location:
Texas
Groups:
Collin County, TX Real Estate Professionals
Tags:
dallas
mls
retail
office
sale
industrial
lease
fort worth
loopnet
costar
xcelignet

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Rainer
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Mike Crosby
Mike Crosby Realty - Placentia, CA
Placentia- Yorba Linda Real Estate - 714-742-2897

Are you still using costar and do you thing you are getting value for your money?

Dec 18, 2013 07:49 AM #1
Rainmaker
48,781
Bob Gibbons
REATA Commercial Realty, Inc. - Plano, TX

Hi Mike, I do still use Costar many times a day. It's definitely the best and most reliable product on the market today. They just added a lease analysis tool that is pretty nice. I wouldn't pay $500 or more for it, but depending on what your business is, I think it's worth a hard look. Xceligent is getting far better in a hurry so they will be more competitive over time.

Dec 19, 2013 01:46 AM #2
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Rainmaker
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Bob Gibbons

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