How much does CoStar subscription cost? Which modules do they offer?
Can someone who is a customer please shed some light on CoStar licensing cost? I am a new appraiser looking for commercial real estate market data and someone mentioned that they are the best out there. I want to make sure I can afford it. I did stumble upon a couple other threads out there on similar topic, but they are 2 years old and perhaps their licensing models have changed recently.
[{"id": "izxrjaf", "text": "Consider Compstak as well", "replies": [{"id": "izy0pdz", "text": "I will. Thank you. There is also Yardi I would like to reach out to.", "replies": [], "depth": 2}], "depth": 1}, {"id": "izxwasr", "text": "Lately from what I have been hearing (Southern California), they're offering $500/mo for commercial agents to have nationwide access. However, in my experience, they treat appraisers on a different level and charge them more than agents at times. Assuming you're stuck with them and the alternatives don't work, be sure when you talk to them don't ask for a price, tell them you heard about the $500/mo deal and see what happens. \n\nDepending on your location and current needs, also check into Catylist.com along with Compstak. Catylist was bought out by Moody's almost 2 years ago and they spent a lot of their time so far building out the nationwide property base/comp data which is much easier to collect and maintain than listings. Certain markets also have been using Catylist for many years prior to the Moody's acquisition so they may have a listing set built in your market as well. Their goal is to compete with CoStar and they have the funds to make it happen, but obviously will take some time and arm twisting to get agents to work with them and supply the listings.", "replies": [], "depth": 1}, {"id": "izxyi2y", "text": "I don't know about others, but I was recently quoted a cost of approximately $3,500 per month ($42,000 per year) for CoStar.  They also told me they went away from the region specific, and made the license cover all markets.  Maybe if you had a license prior you could grandfather in your previous contract, but that's what I'm being quoted.\n\nAre you on your own, or are you with a company?  I would see if you could pool your costs with others to get the license.", "replies": [{"id": "izxz24e", "text": "That sounds like a brokerage account.", "replies": [{"id": "izy3hpj", "text": "It very well could be, although we're not a brokerage but a REPE.  We would be using it similar to a brokerage.", "replies": [{"id": "izyds6f", "text": "Costar is a lot like the mafia.  If they think you can pay more, and private equity can usually pay more, that's what you will get.  Appraisers get it cheaper, but it's far from cheap.", "replies": [{"id": "j02uhyw", "text": "100% what's going on here. Throw shit at the wall and see if it sticks.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "izy0hcd", "text": "Thank you! Do you happen to know anything about their RE Manager module? I understand it to be a full fledged IWMS which I might be interested in.", "replies": [], "depth": 2}], "depth": 1}, {"id": "izxyyme", "text": "$1000 to $1200 per month with a 1-year contract. Brokerage accounts are higher.  You can get one metro at like $600 or I think two for $800.  After that, it is national/global.", "replies": [{"id": "izy0jk5", "text": "Thank you! Do you happen to know anything about their RE Manager module? I understand it to be a full fledged IWMS which I might be interested in.", "replies": [{"id": "izy2haq", "text": "No idea what RE Manager is.", "replies": [], "depth": 3}], "depth": 2}, {"id": "j02u2bl", "text": "I believe they are going away from the metro by metro costs. SoCal used to be 3 markets of LA/IE/OC but now it's just a flat cost for nationwide whether or not you need nationwide access. I've heard a lot of people tell me the $500 amount but over the years I have heard wildly different remarks from other colleagues paying different amounts. If you are paying that, consider trying to bring up the $500 amount, or better yet, have a real estate friend who isn't using them now call and ask for a quote and then see if you can use that against them.", "replies": [], "depth": 2}], "depth": 1}, {"id": "izy326g", "text": "Do you have children? Are you fond of the oldest?", "replies": [{"id": "izyybbe", "text": "Sorry, I didn\u2019t understand?", "replies": [{"id": "izz3v90", "text": "They were just making a joke. Sometimes people joke that something costs your first born when it is very expensive.", "replies": [{"id": "j002ik1", "text": "Ah! That makes sense! Where I come from, the joke is \u201ca kidney\u201d lol", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "izz511f", "text": "Long Answer:  Anyone remember when the internet was marketed 20+ years ago as a way to expand information to everyone?  Now look, information has been monetized.  \nShort answer: too much $", "replies": [], "depth": 1}, {"id": "izzb858", "text": "Recently quoted $499.", "replies": [], "depth": 1}, {"id": "j002m66", "text": "$1200/mo.", "replies": [], "depth": 1}, {"id": "j012igr", "text": "what market are you in? I think this is most important when deciding whether or not to pay a kidney. The depth of CoStar data differs from market to market. It usually is the best, but there are non-disclosure states where it is weak. \nCostar will quote you based on number of people in your office whether they use the platform or not. Be sure to have your ducks in a row before the first time you call them. If you give them a home address but have you RE license hung with a larger office they\u2019ll sniff that out.", "replies": [], "depth": 1}, {"id": "j02bewg", "text": "Philadelphia market, 1 user, $880/mo", "replies": [], "depth": 1}, {"id": "j05orvm", "text": "Quoted for $1,000 a mnt for 2 seats/users just yesterday. I'm in SoCal, they gave me the same BS that they don't do individual submarkets any longer and it's nationwide access. Offer 20% off if I do a 2-year contract and 30% off if I do a 3-year contract... Told him to go pound sand, still not cheap enough for me, they've been trying to recruit me for years now. However, just be forewarned that these guys are relentless and once you engage with them, good luck, expect a call or email at least once a month from different numbers at the absolute worst time until the area manager quits or gets fired and then you'll be on someone else's list but at least you have four to five month cooling off period.", "replies": [], "depth": 1}]