CoStar pricing- NY
Hey everyone,

I’m a broker in New York.  This week CoStar quoted me at $695/mo + tax with a 1 year contract for Long Island and NYC + 1 contiguous region, and $395/mo + tax for only Long Island.

I really need both LI and NYC. However, these prices are outrageous. Furthermore, I’ve read that they’re negotiable but the LI rep was insistent that they cannot do any lower than that. They absolutely refused to budge.

Would appreciate you telling me what you’re paying regardless of what region you’re in. FYI these are the numbers quoted for a single user.  Thanks in advance!!
[{"id": "f6oap8n", "text": "They basically have a monopoly and price accordingly. We just hand them a 15k check every month and make it known that we'll be switching once a suitable competitor comes about", "replies": [{"id": "f6oay7g", "text": "Dear lord 15k/month? How many users are in your office?  Would you say to just go for it then until a competitor finally comes to steal all their business?", "replies": [{"id": "f6oelni", "text": "That never happens though. As soon as a competitor gains enough market share costar buys them out. They\u2019ve done this time and time again. Every costar killer that has come along has just been absorbed into the database overtime.", "replies": [{"id": "f6ugm9z", "text": "Or they sue them out of existence like Xcelligent.", "replies": [{"id": "f6uh4em", "text": "Exactly if they can\u2019t eat them they destroy them.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f6ob5p6", "text": "Check out Reonomy asap", "replies": [{"id": "f6obokh", "text": "Yeah I spoke with them a while ago regrading their lead sourcing service. They were overpriced and their salespeople were overly-aggressive in trying to get me to commit", "replies": [{"id": "f6pds78", "text": "And they don\u2019t even have half the data CoStar has. I love the UI much more though.", "replies": [], "depth": 3}, {"id": "f6qrkek", "text": "I don\u2019t like their people at all, but their data is WORLDS more reliable and accurate than CoStar. Sometimes it feels like CoStar\u2019s market leads are just making shit up the data is so bad", "replies": [{"id": "f6qwvjz", "text": "Yeah I don\u2019t use CoStar to build a database. A lot of numbers in there are wrong. I basically treat it like the CRE version of MLS: I\u2019m just here for the listings lol", "replies": [{"id": "f6qx94o", "text": "Ahhh gotcha. Can\u2019t beat it then..", "replies": [{"id": "f6qxfgq", "text": "My old firm used to shout, \u201cif CoStar calls asking for comps tell them to go fuck themselves!\u201d", "replies": [{"id": "f6r3e6b", "text": "Ahahaha I love that. When I first started at my firm (Big 3) the research team used to troll me and tell me they didn\u2019t have the comps I needed but I could get them off costar. MD nipped that one quick when saw me walking into a meeting with a CoStar comp sheet in hand", "replies": [{"id": "f6r4pwb", "text": "Hahaha.  I wish I had a research team at my firm. I had to run my own comps. It really affected my ability to concentrate on dialing and follow-ups", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "f6peu2y", "text": "I also checked out Reonomy - they seemed to have more than double the amount of contacts that costar has.  However that was during a demo, and I haven't gotten to use it on my own.  It is not much cheaper than costar though..", "replies": [], "depth": 2}, {"id": "f6poeo7", "text": "Reonomy has its strengths. However Costar is a must. My small group just has Reonomy and there is so information I spend time trying to get that if I had Costar would be much quicker.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f6oejbs", "text": "They are costar they don\u2019t care because they don\u2019t have to. Don\u2019t make it I suppose maybe they still publish the blacks game or something else. Basically you use coaster or you don\u2019t have a database it sucks. That company is right up there with Ticketmaster in my book.", "replies": [], "depth": 1}, {"id": "f6ofjil", "text": "fucking hate these guys so much and so does everyone but they have a monopoly.  it's insane that they're allowed to get away with it , but go ahead and build something better.   for nyc I'm grandfathered in at $550 a month , sliding scale with each additional user.", "replies": [{"id": "f6oz3yu", "text": "Is NYC the only territory you have for your subscription?", "replies": [{"id": "f6przfk", "text": "yes, full NYC including all boroughs. I personally don't know ANYONE paying less than around $300 a month , but that includes brokerages with 25-50  guys. The more subscribers you have as a brokerage, the less per user they'll charge you.\np.s. you really don't have a choice , the only thing you can do is complain", "replies": [{"id": "f6puvuh", "text": "I get it.  I used to hear that CoStar started high but that they were always somewhat negotiable from their initial price.  The LI rep stated that $695 for NYC and Long Island was their price and it was absolutely non-negotiable.  When the hell did this happen?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f6qh4ie", "text": "So what is the most importing piece or piece of information you are getting out of CoStar? Is it just allowing to you build a contact list of commercial property owners, sales dates and maybe time on loan? Curious as to the value of the information they provide.", "replies": [{"id": "f6qkzp4", "text": "For advertising my listings, finding leasable spaces when I do tenant rep, and investment property listings for my investment clients. Also, it\u2019s great for sales comps!", "replies": [{"id": "f6qmgcw", "text": "If you have time could you list the fields in the data set?", "replies": [{"id": "f6qnsgs", "text": "I\u2019m sorry I didn\u2019t understand your question.  Are you saying the available search criteria when searching for properties?", "replies": [{"id": "f6spsq7", "text": "Basically yes at least which fields/search criteria are important to you. What I was looking at doing was to see if I could find info and then display it on an ESRI mapping platform. \n\nI did find NYC Tax assessor data which does have a lot of information it in but it's not showing me 100% of what I would like to see so far. I just thought if I could find a good source with the right information that I may have an alternative option via ESRI.  \n\nKnowing what to look for though is half the battle.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f6t61ck", "text": "in terms of value proposition and pricing how does Costar, Reonomy, RCA and REIS (now moody's) compare with eachother?", "replies": [{"id": "f6uie6t", "text": "Well they all have different strengths and weaknesses.  Reonomy is something I looked into for their lead gen service only (I just wanted someone else to compile all the names and numbers as opposed to me doing the research myself).  RCA is good for knowing who the major players are in each property type, but it does not provide contact info for them. Never used REIS.  Of the aforementioned,  CoStar and RCA are the only ones I have personal experience using.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f7dca1f", "text": "Are you all after data or finding &amp; listing properties?  Two different things.  If you're looking for data (comps, lease info, etc), you can't beat CoStar, and they are so ingrained, it will be nearly impossible to up end them.  I don't use that data much for my current needs, so I canned CoStar and use my other tools for searching &amp; listing.  I had a discounted rate through my big brokerage before I left and created my own brokerage, you're in the same ballpark.", "replies": [{"id": "f7dgcn6", "text": "Definitely want them for searching for listings. Absolutely love their comps.  I just refuse to believe that CoStar\u2019s price is the price.  Nearly $700/month is totally extortionate", "replies": [], "depth": 2}], "depth": 1}, {"id": "f7k3uau", "text": "I've heard of quotes ranging from $200 to $450 in San Diego. Even that seems high, but NYC is a prime market and SD is secondary, but feels closer to tertiary with LA &amp; OC so close.", "replies": [{"id": "f7k4bc3", "text": "I heard they acquired the STR service so now they can start extorting hospitality groups for their analytics as well", "replies": [], "depth": 2}], "depth": 1}]