How much do users pay for a costar subscription, on average?
For lease comps data access, how much do brokers typically pay? For a major markets like NY, SF, LA, Dallas, Chicago, how much does it cost monthly/annually?
[{"id": "g6f1r8v", "text": "I just asked a CoStar rep last week. Brokerages are $1400 per user per month, investors/developers are $2145 for 5 users per month. This is for data for the entire country.", "replies": [{"id": "g6f2s53", "text": "Holy shit, as an appraiser I\u2019m paying almost $2k/month for 3 users. And I\u2019m limited to my market area!", "replies": [{"id": "g6ffnle", "text": "They screw appraiser's over more than anyone else. It's pretty un-real the amounts I've heard them pay versus what brokers pay.", "replies": [{"id": "g6fycj4", "text": "They know we have no alternative, they buy out or sue any competitors", "replies": [{"id": "g6g04f7", "text": "I spoke to one guy who was paying $1,200/mo for himself. He referred 3 friends to them and they charged them all $800 each. Tried to put a stink up with them but they didn't care, ignored calls and emails, and he was stuck.", "replies": [{"id": "g6hl9af", "text": "I\u2019ve twice asked for a break and nothing.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "g6fz8nc", "text": "I got quoted $1,000/month. Part of the reason I haven't opened my own shop yet.", "replies": [{"id": "g6fzntw", "text": "I pay them more than rent + utilities", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g6f6dcm", "text": "Yep that's called a monopoly and it sucks", "replies": [{"id": "g6fyi4v", "text": "Moodys recently (ie ~1.5 years ago) bought REIS which CoStar will not be able to sue out of existence so hopefully that will add a bit of competition to the marketplace.", "replies": [{"id": "g6gt39z", "text": "REIS doesn't have lease comps data.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g6f9dki", "text": "This kinda like those stories about people who got rich selling pick axes and supplies to prospectors during the gold rush", "replies": [{"id": "g6hm6xl", "text": "Nobody really made money mining gold. Everyone who supplied the goods and services to the miners did. Source: my 5th, 6th, 7th and 8th grade history classes growing up in SF.", "replies": [], "depth": 2}], "depth": 1}, {"id": "g6fg4dq", "text": "There are only 3 sources for lease comps. The deals you've done, the deals in your office database that colleagues have done, and the deals friends you have in the industry have done. I would be highly skeptical of anyone trying to sell that data.", "replies": [{"id": "g6fo2gg", "text": "Agreed. I use Co-star as a last resort. Granted, I am at one of the larger brokerages, so there is tons of data. My first week I was told to always double check Co-Stars comp data before using it.", "replies": [], "depth": 2}, {"id": "g6gbuua", "text": "Concur.  What I get from Costar is who to call to get the real story.", "replies": [], "depth": 2}], "depth": 1}, {"id": "g6gdcxz", "text": "When people ask I tell them \"more than my car payment\" (Which is now $0, but you get the point. Speaking of which  I need to up my CRE bonafides with a shiny new car with payments to match.  And some new Italian shoes while I'm at it.  Maybe I should start with a haircut first.)\n\nIf you want to have some fun, tell a residential agent how much your Costar subscription costs and watch them lose it.", "replies": [], "depth": 1}, {"id": "g6gncff", "text": "In CA I pay $399 per month, 1 year contract.", "replies": [{"id": "g6gtgca", "text": "Decent price.", "replies": [], "depth": 2}, {"id": "g6hpyoi", "text": "Is that pre-tax?  Mine comes out to $429 after taxes for a 1 year contract", "replies": [], "depth": 2}], "depth": 1}, {"id": "g6h55vj", "text": "Not worth it. Most of that data sucks. Not much there you can\u2019t get with a phone call.", "replies": [{"id": "g6hmozz", "text": "Our biggest issue is knowing about lease transactions. We still call, but it's hard to know when a new lease happened somewhere since they're not tracked by public records the same way sales are.", "replies": [], "depth": 2}], "depth": 1}, {"id": "g6px937", "text": "I have CoStar and I\u2019m out of SF. Mines pretty affordable considering what I get out of it", "replies": [], "depth": 1}]