What does Costar cost?
I work at a big brokerage house and I know that we pay multimillions for the service. but, we also have thousands of licenses. What if you are running a small shop with only one or two users? Any idea what a national Costar sub would cost?
[{"id": "dz42pc5", "text": "Too much ", "replies": [{"id": "dz46s5i", "text": "Came here to say this. ", "replies": [], "depth": 2}, {"id": "dz52qka", "text": "Too much x2", "replies": [], "depth": 2}, {"id": "dz62d0x", "text": "It\u2019s worth it for me when one deal closing will cover the entire business\u2019s cost for a year on the day of closing- not including cash flow from the deal.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dz46j67", "text": "If you have to ask, you can't afford it.\n\nAlso, small shops are not going to get the national license, it's not necessary for most small shops that do mostly deals within their state.", "replies": [], "depth": 1}, {"id": "dz46vnd", "text": "I think it\u2019s around $5k a month for the national package. If you\u2019re starting your own shop it\u2019s totally worth it if you\u2019re a nationwide NNN broker. Obviously not worth it if you\u2019re a local broker.", "replies": [{"id": "dz53qqi", "text": "What I have in mind is not about listings and brokerage but a national research/market analysis platform. So, I'd need the national data. But, for that use, I imagine they'd charge an arm and a leg.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dz4824q", "text": "I think we paid $1200-$1500/month (small firm)", "replies": [{"id": "dz52ubm", "text": "That's what we pay, we have around 50 listings, but since they charge out of the ass per listing, we rotate 20 listings at a time. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "dz4kg7x", "text": "The information is really good though. I worked Multifamily sales in the southeast and all owner information was in the system. Literally saved me weeks of research for prospecting. ", "replies": [{"id": "dz53ref", "text": "Lol CoStar data is not considered \u201creally good\u201d", "replies": [{"id": "dz57ndg", "text": "What source would you recommend?", "replies": [{"id": "dz5fmyy", "text": "There\u2019s not many alternatives. We have recently added Compstak which seems fine. I like costar for their historical occupancy, but for lease comps it\u2019s not too great. ", "replies": [], "depth": 4}], "depth": 3}, {"id": "dz5lnku", "text": "It really depends on the market and property type. In my area, they have great office lease info but for industrial sales comps, horrible data. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dz4mqyn", "text": "Small shop - national license.... about 50-60k a year", "replies": [], "depth": 1}, {"id": "dz543y5", "text": "Keep in mind, if your listings aren't premium, people that don't pay for premium themselves, aka most property searchers on Loopnet, will not be able to see your listings. I really miss CDX. While I'm here, does anyone know any legitimate listing sites in the works? I get calls all the time for some sites, but upon investigation they don't seem worth the money. ", "replies": [], "depth": 1}, {"id": "dz7cn1s", "text": "CoStar gave us a \"deal\" so they could buy us out of our lifetime LoopNet rate. Now it turns out that we are going to have to pay individually for our LoopNet listings on top of Costar (previously we had unlimited Loopnet at a flat rate.)", "replies": [], "depth": 1}]