Back to Costar

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 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.

Posted by




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 |




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
Collin County, TX Real Estate Professionals
fort worth

Post a Comment
Spam prevention
Spam prevention
Show All Comments
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
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
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Bob Gibbons

Ask me a question
Spam prevention

Additional Information