CoStar Group buys UK’s largest commercial property marketplace Realla
[{"id": "e7noe8l", "text": "Gosh, how can they afford that? Oh yeah, it's because their subscriber fees are so fucking high. \n\nSomeone please, effectively disrupt the commercial MLS market.", "replies": [{"id": "e7nsvem", "text": "Seriously-\n\n1400/mo for a two person shop is outrageous ", "replies": [], "depth": 2}, {"id": "e7nxgke", "text": "They are ridiculously expensive, but their services are invaluable. Not trying to justify necessarily, but I couldn\u2019t see doing commercial real estate without it. Especially if you are exploring markets you aren\u2019t familiar with.  ", "replies": [{"id": "e7nzstz", "text": "I would argue that new markets are the only reason an investor should use Costar.  If you are actively investing, the info in OMs is more detailed and accurate.  I keep my own database of comps that all link to the OMs and our internal underwriting so I have better data than anything Costar can offer. All of my data is provided by brokers  for free.  I still have Costar, but I don't use it too often.", "replies": [{"id": "e7o1408", "text": "Rent rolls in the oms? I create them for a living and often the lease comps we put in there are not always reflective of the market. Sales comps can be verified but are not always comparable either. ", "replies": [{"id": "e7o3p4l", "text": "This. Brokers are notorious for using comps that reflect their own agenda and ignoring comps that don\u2019t. You shouldn\u2019t just take their word for what is a good comp. Unless you physically go there to verify yourself CoStar is invaluable.", "replies": [{"id": "e7o4ufn", "text": "I can't believe this actually needs to be said", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "e7o8rvr", "text": "Just wait until they start suing their own clients paying $1,000+/month for being \u201cfreeloaders.\u201d They started last week in fact.\n\nWhen will the industry finally boycott this greedy, anti-competitive company?", "replies": [], "depth": 2}], "depth": 1}]