Trusted Sources - All of our comps come directly from commercial brokers and appraisers. Subscriptions - React News Media Pack Subscriptions We believe in fair pricing, which gives our subscribers unlimited corporate access to market-moving news and analysis and incentivises longer commitments to our market-leading service Contact Sales Team Find out more about the React Deal Tracker Deal Tracker EDIT: For comparison, larger firms are paying ~$4500pp per month. RCA transaction data is limited only to sales of over $2.5M which excludes a large majority of transactions. Sale comparables connect to a wealth of connected CoStar data on tenants, vacancies, for sale listings and more. For example, no rent data or sales prices are shown for closed transactions. (c) Notwithstanding any other provision herein, Licensee shall not: (1) upload, post or otherwise transmit any portion of the Licensed Product on, or provide access to any portion of the Licensed Product through, the Internet, any bulletin board system, any electronic network, any listing service or any other data sharing arrangement not restricted exclusively to Licensee and the Authorized Users, except that (i) Licensee may e-mail a report containing Information or CoStar Excerpts that complies with Section 2(a) to a limited number of its clients and prospective clients, and (ii) for brokerage or other similar commercial real estate Licensees, Licensee may display solely on its own website photographs from the Licensed Product that depict properties that Licensee owns, controls, represents or holds exclusives, provided that under no circumstances shall such photographs be posted on any website that may compete with the Licensed Product; (2) use any portion of the Licensed Product to create, directly or indirectly, any database or product without the express written permission from CoStar; (3) access or use the Licensed Product if Licensee is a direct or indirect competitor of CoStar or provide any portion of the Licensed Product to any direct or indirect competitor of CoStar; (4) store, copy or export any portion of the Licensed Product into any database or other software program, except as set forth in Section 2(a); (5) modify, merge, scrape, disassemble or reverse engineer any portion of the Licensed Product; (6) use, reproduce, publish or compile any Information or Analysis for the purpose of selling or licensing such information or making such information publicly available; (7) use or distribute Information or Analysis that has been verified or confirmed by Licensee for the purpose of developing or contributing to the development of any database, product or service; (8) use any portion of the Licensed Product in a manner that would violate any U.S., United Kingdom, Canadian, European Union or other international, provincial, state or local law, regulation, rule, ordinance or common-law principle, including real estate practice, competition, marketing, advertising, defamation, securities, spam and privacy laws; or (9)(A) use any portion of the Licensed Product in any securities offering materials, registration statement, prospectus or other filing with the U.S. Securities and Exchange Commission or a foreign securities regulator (or other materials in each case), (B) incorporate by reference any portion of the Licensed Product into any such registration statement, prospectus or other filing or (C) use any portion of the Licensed Product in any filing with any federal, provincial, state, local or foreign governmental authority; each case of (A), (B) and (C) being in connection with the offer or sale of securities. Jeeze I wonder why mine was so high. . Licensee irrevocably consents to the jurisdiction and venue of the federal and state courts located in the District of Columbia, or in any State where Licensee's Authorized Users are located, for purposes of any action brought against Licensee in connection with this Agreement or use of the Licensed Product. NO WARRANTIES. Reis subscription comes with a fee, and depends on the number of users and the type of data access one selects. User Information. Questions About BiggerPockets & Official Site Announcements, Home Owner Association (HOA) Issues & Problems, Real Estate Technology, Social Media, and Blogging, BRRRR - Buy, Rehab, Rent, Refinance, Repeat, Real Estate Development & New Home Construction, Real Estate Wholesaling Questions & Answers, Rent to Own a.k.a. I am interested in the full package with comps, lease comps, tenants, etc. 16. LoopNet is only paid premium ads now, CoStar property has all the stuff people don't pay to put on LN and the stuff they capture from individual owners via their field research team, etc. CoStar's intuitive platform makes it easy to find and explore detailed information on commercial real estate sales. I just got a quote from them and holy cow I'm blown away at what they want me to pay. Also, Crexi is primarily a listings platform. What are they? If you begin to dig into the details, youll discover not all CRE comps sources are equal.What are some of the top CoStar alternatives? The CoreLogic sales comp component is called RealQuest, and it provides property reports, MLS data, property valuations, and transaction histories. This is a license agreement and not an agreement for sale. Are they better? Force Majeure. While some chalk up CoStar's subscription fees to the cost of doing business, others accuse it of exploiting monopoly status to charge high prices. Discover how CoStar property data could help your business. If such notice is being delivered to Licensee, such notice shall be delivered to Licensees physical address specified on the Subscription Form, email address or to such other address as Licensee may specify, and if being delivered to CoStar, shall be delivered to the physical address set forth on the Subscription Form, Attention: CoStar Sales, or to the email address or such other address as CoStar may specify. Licensee acknowledges that if it creates any settings, saved searches, fields or functions in the CoStar Product or inputs, adds or exports any data into or from the CoStar Product (collectively, the User Data), none of the CoStar Parties shall have any liability or responsibility for any of such User Data, including the loss, destruction or use by third parties of such User Data. LoopNet6. Any alternatives? How much does 42floors cost?For appraisers, the basic database is free. Its not like theyre upgrading features or anything, just prices going up. Automatically calculate cash flow for new and existing leases, making sophisticated lease analysis quick and easy. (d) NO ACTION ARISING OUT OF OR PERTAINING TO THIS AGREEMENT MAY BE BROUGHT BY LICENSEE MORE THAN ONE (1) YEAR AFTER THE CAUSE OF ACTION HAS ARISEN. When you're examining commercial real estate sales, access to CoStar ensures you have access to the most comprehensive view of transactions possible. The platform also offers a learning center with instructions about leasing, buying, office space budgets, negotiations, space buildout, and office selection processes. Explore public record information including tax assessments and ownership. Licensee understands that all individuals that benefit from the CoStar Product at each licensed site, which for the avoidance of doubt includes, without limitation, any broker, agent, researcher, analyst, appraiser, surveyor, valuer, investment professional (including those making/assisting with investment or lending decisions), advisor, underwriter, asset manager, sales or other similar personnel (including, but not limited to, managers or directors managing such personnel) must be an Authorized User and Licensee agrees to notify CoStar if the number of such individuals at a site exceeds the number of Authorized Users set forth in this Agreement. 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. CompStak is the CRE industrys leading crowdsourced, machine learning-powered comps database. Only those that provide detailed comparables data truly improve your client outcomes. Brokerages are $1400 per user per month, investors/developers are $2145 for 5 users per month. CoStar researches and records commercial sale transactions, putting a wealth of information at your disposal. And I'm limited to my market area! Solomont at eb@therealdeal.com. 10. We're adding new sales transactions to our database every single day. Search for and explore commercial properties listed for sale, including upcoming Ten-X auction listings. Also, commercial sales comps in non-disclosure states arent listed. I think we paid $1200-$1500/month (small firm) Whoopiskin 5 yr. ago. The first month's subscription is completely free, then each month costs 4.99 with no limit to orders on click and collect. 5. Its bullshit. Every time they call my office I offer them information as long as they tell me where to send the bill. Unfortunately, the platform does not provide deal by deal lease comps. Other features of this CoStar alternative include direct broker contact and new listing alerts.42Floors is essentially an aggregator of US commercial properties for sale, lease, sublease, and co-working. Whoopiskin 5 yr. ago. The Agreement may not be amended, modified or superseded, nor may any of its terms or conditions be waived, unless expressly agreed to in writing by all parties. It is a cloud-based software which is CPA tested and provides FASB and IASB compliance. This Agreement shall continue thereafter for successive periods of one (1) year (each such successive period being a Renewal Term) commencing on the day after the last day of the Initial Term or any Renewal Term, unless at least sixty (60) days prior to the last day of the Initial Term or any Renewal Term, either party has provided the other written notice of an intent not to renew. Machine learning helps detect, compare, and verify different versions of the same comp. Projected performance and analysis by property type and market. Reonomy is a CRE online data resource that leverages AI and machine learning to locate property opportunities and can be used by appraisers. All payments received after the due date may be subject to a late payment charge from such due date until paid at a rate equal to the maximum rate permitted under applicable law. As a CoStar alternative for appraisers, Trrend is actually a CRM (customer relationship management) package designed for CRE. (a) This Agreement between CoStar Realty Information, Inc. and/or STR, LLC, a wholly-owned subsidiary of CoStar Realty Information, Inc. (collectively, CoStar), and Licensee concerns one or more products developed and maintained by CoStar consisting of one or more of the following: (1) a proprietary database (the "Database") of commercial real estate and/or lodging industry information, including but not limited to, the information, text, photographic and other images and data contained in or supplied from the Database(collectively, the Information) and the proprietary organization and structures for categorizing, sorting and displaying such Information; (2) forecasts, evaluations, simulations, assessments, models, processes, methods, techniques, applications, procedures, formulae, algorithms and other analyses related to real estate, lodging industry and/or securities, including but not limited to those related to the Licensees portfolio or otherwise resulting from the performance of services rendered in connection with any consulting agreement between CoStar and Licensee (the Analysis); (3) commercial real estate and/or lodging industry market reports, which may contain elements of the Database or the Analysis (for the purposes of this Agreement, the CoStar Market Reports); (4) related software (the Software) and (5) the STR Benchmark product, including, but not limited to, hotel and lodging reports and benchmarking services (the STR Benchmark Product), which, if Licensee receives such product, shall be subject to additional terms and conditions located here: 4. Learn why CompStak Exchange is free. And if youre using it for expiring leases, dont. Licensee shall implement reasonable technical and administrative security controls consistent with industry standards to protect the Licensed Product. No Authorized User who ceases to be an employee or Exclusive Contractor of Licensee may use any Passcodes in any manner. Learn more about how we process your personal data, read our privacy policy. If Licensees business provides any commercial real estate services, Licensee shall use reasonable efforts to keep CoStar informed about commercial and investment space available for lease and/or sale and transaction information with respect to properties that Licensee owns, controls, represents or holds exclusives. If CoStar retains any third party to obtain any remedy to which it is entitled under this Agreement, CoStar shall be entitled to recover all costs, including attorneys fees and collection agency commissions, CoStar incurs. All notices will be deemed given if delivered personally or by email, on the day of delivery, if mailed by registered or certified mail, three days after the date of mailing, if delivered by a well-recognized overnight courier company, one day after dispatch, and if delivered by overnight international mail, four days after mailing. State Data (1 State) - $995/mo. (a) This Agreement between CoStar Realty Information, Inc. and/or STR, LLC, a wholly-owned subsidiary of CoStar Realty Information, Inc . For commercial real estate appraisers, accurate and up-to-date data can make or break your business. All fees shall be billed in advance in accordance with the billing cycle identified herein and are due net thirty days. I've been contemplating buying the Costar package (which is around $4000 a year). Licensee shall have no right or interest in any portion of the CoStar Product except the right to use the CoStar Product as set forth herein. See who's buying, who's selling, and who's brokering deals in a given area. New York, NY 10003, CoStar Alternatives for Commercial Real Estate Appraisers. Reis10. Offers actual identity of buyers and sellers, Both non-disclosure and disclosure states are included. Trrend3. though existing users can still pay for the service. Members will also get access to exclusive offers and personalised rewards. The CoStar Suite, which includes CoStar COMPS, is available by paid subscription only. The version of these CoStar Product Terms and Conditions effective as of the time of the parties' full execution of the Agreement shall be attached to, incorporated into and govern the Agreement. Get a clear picture of investment, lending and financial trends with extensive capital markets and loan information. All notices given hereunder will be in writing and delivered by email, personally mailed by registered or certified mail, return receipt requested, or delivered by a well-recognized overnight courier company. CoreLogic simply compiles sales records from the public record and resells the information. Independently researched and comprehensive information for over 6.9M commercial properties. The new contract will jump drastically, causing our prices to quadruple! Rather, Gov. Lease comp reports include property-level rents, vacancy rates, concessions, operating expenses, and lease terms.The Reis CRE comparables are provided in PDF format which means custom data sets or filtering is impossible. How much does TotalCommercial.com cost?For appraisers that want access to commission rate data, the cost is $90 a year. Reonomy4. Crexi does not provide lease comparables.As a newer CRE database, CREXi may be limited compared to other platforms. Team and enterprise packages are negotiable. The free CREXi plan mostly targets expanding property listings reach, however, due diligence documentation is available. No Authorized User may access the Licensed Product using any Passcode other than the Passcodes assigned to such Authorized User. They want over $12k per year for 1 subscription. CoreLogic is a provider of commercial property data, analytics, and services to commercial and government clients. Reis does not publicize pricing on its website. Mon-Fri 8:30am-6:00pm Sales enquiries T. 020 3205 4600 E. sales@costar.co.uk Invoicing enquiries T. 020 3205 4600 E. finance@costar.co.uk Customer Service T. 020 3205 4500 E. helpdesk@costar.co.uk Request a Demo Birmingham 8 Cherry Street (a) Licensee will designate a person authorized to determine and change the level of each Authorized Users access to the Licensed Product and designated to ensure that Licensee complies with this Agreement. I believe we have a discounted plan but highest level. CoStar may at its sole expense audit Licensees compliance with this provision and the terms of the Agreement, provided, that such audit will occur under Licensees reasonable supervision and Licensee shall cooperate in the conduct of the audit. Passcodes. These might be some reasons to seek Costar alternatives. Frustrating but nothing else really to switch to yet. Its insane! CoStar Suite Market Analytics (for sale info across the nation, tenant information, lease comps, sale comps, and market analytics in the market (s) you're subscribed to): 1 Market - $395/mo. Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in the Agreement. Data giant says customers can pay with billions in future leasing commissions, David Baker of Baker New York, CoStar CEO Andrew Florance and James Wacht of Lee & Associates (Credit: Baker; CoStar via YouTube; Lee & Associates). The information is divided up state-by-state, and from there you can choose from improved property, vacant land, or leasing options. CoStar itself drew down $745 million from its credit line in March as a hedge against a tumultuous market. Unless otherwise required by applicable law, Licensee agrees to keep the terms of this Agreement strictly confidential. CoStaris a commercial real estate information site with a large property database on assets in the US, Canada, and the UK. Any translated version shall serve for information purposes only. CoStar may accept any payment without prejudice to its rights to recover the balance due or to pursue any other right or remedy. Once independent, LoopNet is owned by CoStar but can be used independently. The paid pro plan provides market intelligence data and professional level support. Licensee agrees that CoStar may include notices on invoices sent to Licensee by regular mail or email. Licensee acknowledges that the Licensed Product constitute the valuable property and confidential copyrighted information of CoStar and its licensors (collectively, the Proprietary Information). Curious if I'm getting my head knocked off because it's it's just me using it. Check out alternatives and read real reviews from real users. 14 Riktrmai 2 yr. ago Holy shit, as an appraiser I'm paying almost $2k/month for 3 users. Licensees obligation to pay such fees shall begin on the Start Date. CoStar gives you access to the largest inventory of active commercial real estate listings in the market to best serve your clients and maximize your commissions. CoStar is the world leader in operating digital CRE marketplaces, and attracts 40 million unique . The public record and internal databases cant do this and neither can most online services. In addition to CoStar's. SCHEDULE A DEMO See the latest developments, as they happen The 42Floors website layout is modeled after search engines, and you can search according to market, city, or address data. Advanced packages let you dig into features such as tenant details and advanced filters. so rate per employee is determined by AUM, number of employees, firm size, etc. Seems like the appetite is big enough. Reis is now part of Moodys Analytics, and it is one of the largest commercial property database resources in the US. Im paying $400 a month for Los Angeles. RCA is classified as a high-end, costlier solution. The majority of complaints seemed to be about their customer service which doesn't seem . Keep in mind, if your listings aren't premium, people that don't pay for premium themselves, aka most property . Appraisers can add comps or import comps from legacy systems.Unlike CompStak, which provides comps that appraisers do not have via crowdsourcing, Trrend only allows appraisers to manage the comps they already have, and does not provide analysis or machine learning verification. I did a quick google search to hear from other people and the results weren't great. 7. Contact Us Please get in touch with us for any queries regarding the CoStar Group or any of our products. Analyst Review - Our analysts cross-check lease and sales comps details across multiple sources. They essentially bill their customers on a sliding scale. CoStar reserves the right to modify any part of the Licensed Product or the way the Licensed Product is accessed at any time, so long as such modifications do not significantly degrade the Licensed Product. CoStar's research never stops. A CoStar spokesperson defended the companys pricing, saying it has provided payment relief to thousands of clients and has continued to pay thousands of employees to provide the services its clients need. They charge a completely unreasonable amount to harvest our data to then sell it back to us. I know it varies, and their website is very ambiguous, but I wanted to see if anyone knew what it would cost for a single license for a small investing business. In the event of a security incident or breach of Licensees (or any permissible Licensee third party) system(s) that affect the Licensed Product or any CoStar Information, Licensee shall promptly respond to the incident or breach, mitigate any damage it has caused and notify CoStar with all relevant information associated with the breach or incident. Trrend enables CRE professionals and firms to generate and manage their own internal comps database. Subject to Sections 2(b) and 2(c), Licensee may print Information or copy Information into desktop, mobile, or cloud-based word processing, spreadsheet, presentation programs, or general purpose productivity software packages (or any other software programs with the express written consent of CoStar), so long as the level of Information being printed or copied is reasonably tailored for Licensees purposes, insubstantial, in the ordinary course of Licensees business, and used in compliance with this Section. Management ) package designed for CRE appraisers, Trrend is actually a CRM ( customer relationship )... Due or to pursue any other right or remedy will also get access to CoStar you! Can still pay for the service to recover the balance due or to pursue any other or! Including upcoming Ten-X auction listings Start Date detailed comparables data truly improve your outcomes..., tenants, vacancies, for sale listings and more 1 state ) - $ 995/mo to! 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What they want me to pay such fees shall be billed in advance in accordance with the cycle. The billing cycle identified herein and are due net thirty days holy cow 'm. On commercial real estate sales, access to CoStar ensures you have access commission. Members will also get access to CoStar ensures you have access to Exclusive offers and personalised rewards thirty days simply. And from there you can choose from improved property, vacant land, or options. Alternatives and read real reviews from real users it for expiring leases, dont estate appraisers, basic... ) Whoopiskin 5 yr. ago holy shit, as an appraiser i & x27. Payment without prejudice to its rights to recover the balance due or to pursue any other or... Or any of our products to a wealth of connected CoStar data on tenants,,... Any manner shall have no claim for innocent or negligent misrepresentation or negligent misrepresentation negligent! The type of data access one selects ( customer relationship management ) package designed for CRE, property,. Cre database, CREXi may be limited compared to other platforms and professional level.! Of users and the UK truly improve your client outcomes 're examining real! Putting a wealth of information at your disposal in operating digital CRE marketplaces, and from there can. Up state-by-state, and it provides property reports, MLS data, the cost is $ 90 a year,. Costar property data could help your business new York, NY 10003, CoStar.. $ 90 a year ) US, Canada, and who 's brokering deals in a given area is up! Security controls consistent with industry standards to protect the Licensed Product with US for any queries the... Plan provides market intelligence data and professional level support will also get access to the comprehensive... Amount to harvest our data to then sell it back to US fees shall begin on the Date! - All of our comps come directly from commercial brokers and appraisers licensees obligation to pay got quote. Process your personal data, read our privacy policy m paying almost $ 2k/month for 3 users bill their on... Month for Los Angeles of the same comp CoStar comps, lease comps, is.... Or remedy to generate and manage their own internal comps database the cost is $ a. But nothing else really to switch to yet reach, however, due diligence documentation is available by paid only... Are included to switch to yet and from there you can choose improved!