TotalCommercial.com has been online since 1995, and the platforms appeal is due to its simple interface and good value. This event will provide potential applicants to the Convergent Screen Technologies and performance in Realtime (CoSTAR) funding opportunity with further information about the programme and the funding application process. If you are a current CoStar subscriber and have executed your agreement prior to June 1, 2022click hereto access the Terms and Conditions governing your agreement. Reonomy is a CRE online data resource that leverages AI and machine learning to locate property opportunities and can be used by appraisers. This platform has access to a large database, mostly due to its ability to aggregate public transaction data from thousands of US counties.CoreLogic uses public, contributory, and proprietary data to develop predictive decision analytics. See how CoStar's unmatched data and analytics can help support your business. I am interested in the full package with comps, lease comps, tenants, etc. State Data (1 State) - $995/mo. 9. Independently researched and comprehensive information for over 6.9M commercial properties. Within ten (10) days after the effective date of termination or nonrenewal, Licensee will permanently delete or destroy all elements of the Licensed Product under its control and upon request from CoStar, affirm the completion of this process by execution and delivery to CoStar of an affidavit to that effect reasonably satisfactory to CoStar. They also requested the ability to reduce the number of users during the term of the contract, and to pay for additional services only for users who utilize them. Once independent, LoopNet is owned by CoStar but can be used independently. (a) Subject to the prohibitions set forth below, during the term of this Agreement, Licensee may, in the ordinary course of business: (1) use the CoStar Product for Licensees internal research purposes; and (2) use the Database (A) to provide information regarding particular properties to its clients and prospective clients; (B) to market particular properties, and (C) to support its valuation, appraisal or counseling regarding a specific property. 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). Notwithstanding anything set forth to the contrary above, in the event of Licensees merger with or acquisition of, or acquisition of assets by, any third party, Licensee shall be entitled upon written notice, without approval from CoStar, to assign its rights and obligations under this Agreement to such third party; provided, however, that (a) such assignment shall not result in the elimination of any then-existing CoStar revenue stream from Licensee or such third party; and (b) in no event shall Licensee be entitled to assign its rights and obligations hereunder to any individual or entity that directly or indirectly competes with CoStar or any of its affiliates. /r/CommercialRealEstate - Place to discuss Office, Retail, Multifamily, Industrial, Hotel, Land, and special purpose commercial real estate, Press J to jump to the feed. LIMITATION ON LIABILITY. How much does Trrend cost?The comp database component costs $35 per user per month. 10 [deleted] 2 yr. ago [removed] Do you use any alternatives? I've been contemplating buying the Costar package (which is around $4000 a year). In addition to anything set forth herein, CoStar may: (a) on each anniversary of the last day of the calendar month in which the Start Date occurred, increase the License Fees by a percentage equal to the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U) for the previous twelve months; and (b) at any time during a Renewal Term increase the License Fees or charge other fees for any portion of the Licensed Product or service provided by CoStar, provided, that if Licensee does not agree to the increase or charge implemented solely under this Section 5(b), then Licensee may give CoStar written notice of termination within sixty (60) days of CoStars notice of such increase or charge, in which case Licensee shall continue to pay the License Fees in place before the proposed increase or charge until the last day of the calendar month in which Licensees notice of termination is delivered, and this Agreement shall terminate with respect to such portion of the Licensed Product on such date. Reis does not publicize pricing on its website. . 16. CoStaris a commercial real estate information site with a large property database on assets in the US, Canada, and the UK. CoStar shall not be bound to use third party payment vendors, and any fees charged by such vendors shall be added to the License Fees payable hereunder. The CoreLogic platform boasts historical data on 740 million real estate transactions overall.Its important for appraisers to understand that comps arent the main business of CoreLogic. License. Licensee may also in the ordinary course of its business share or distribute to clients limited amounts of Information and limited excerpts and discrete portions of Analysis, including limited excerpts and discrete portions from CoStar Market Reports (CoStar Excerpts) that are contained in or incidental to its own reports, analyses or presentations for clients (Client Materials), provided that: (i) such CoStar Excerpts are only supportive of the substance of the Client Materials; (ii) Licensee shall be liable for any such distribution of the CoStar Excerpts; (iii) Licensee shall always acknowledge CoStar as the source of the CoStar Excerpts within the Client Materials; (iv) the Client Materials shall not include full copies or substantial portions of any CoStar Market Reports and may contain only limited amounts of building-specific and tenant-specific Information; and (v) the Client Materials are not commercially or generally distributed. Or are they considering markets different areas of whatever city you're in ? LICENSEE SHALL NOT HOLD COSTAR OR ITS LICENSORS RESPONSIBLE FOR ANY ERRORS IN REPORTING, EVALUATING, ANALYZING, SIMULATING OR FORECASTING COMMERCIAL REAL ESTATE MARKET INFORMATION, OR FOR ANY INFORMATION, ANALYSES OR COSTAR MARKET REPORTS COMPRISING THE LICENSED PRODUCT. 4. 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. CoStar Suite - for Agencies | CoStar Product Solutions Market Insights About Contact Login Add a Listing Brochures - CoStar Suite Home Find out why more than 16,000 property professionals are already using CoStar Suite to compete in the market. But after swapping notes, many share the conclusion that CoStars sales representatives dont realize how badly the New York market is suffering. Licensee acknowledges that it is Licensees responsibility to make back-up copies of such User Data. It is a cloud-based software which is CPA tested and provides FASB and IASB compliance. Can anyone give any insight as to what costar costs? Whoopiskin 5 yr. ago. 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. 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. In all cases, the amount of License Fees shall be paid by Licensee to CoStar in full without any right of set-off or deduction. We are currently resigning a new contract since our 5 year contract expires this month. Comparables database management is one of the features offered. Licensee agrees to defend, indemnify and hold harmless CoStar, its affiliates, and approved assignees, and their partners, directors, officers, employees and agents for all costs and expenses including, without limitation, attorneys fees, associated with the defense and settlement of any threatened, pending or completed claim, demand or action resulting from, arising out of or relating to Licensee's use or application Licensed Product in contravention of the terms of the Agreement, including, without limitation, a claim under any laws, rules or regulations (a Claim) and shall pay any judgments or settlements based thereon; provided, that CoStar shall give Licensee prompt written notice of the Claim (provided, however, that CoStars failure to provide such notice shall not relieve Licensee of its indemnification obligations except to the extent it is prejudiced thereby), sole control of the proceedings or settlement, and, at Licensees expense, reasonable cooperation, information and assistance in the defense or settlement negotiations. The term of this Agreement shall begin on the Start Date, shall continue for the initial term specified on the Subscription Form (the Initial Term), and shall expire at the end of such Initial Term on the last day of the calendar month in which the Start Date occurred, unless earlier terminated pursuant to the terms hereof. Reonomy4. If any provision of this Agreement not being of a fundamental nature is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remainder of the Agreement will not be affected. We have not divulged to each other our respective monthly license fees to CoStar and no one has discussed whether they intend to continue to use or not use CoStar services, they wrote. (e) THE PROVISIONS OF THIS SECTION APPLY WITHOUT REGARD TO THE CAUSE OR FORM OF ACTION, WHETHER THE DAMAGES ARE GROUNDED IN CONTRACT, TORT OR ANY OTHER CAUSE OF ACTION. I think we paid $1200-$1500/month (small firm) Whoopiskin 5 yr. ago. No it's right. Seems like the appetite is big enough. Schedule a Demo Who uses CoStar? If a provision is held to be invalid, illegal or otherwise unenforceable, it shall be deemed to be replaced with an enforceable provision that retains the intent and benefits of the original provision. Its insane! With the help of Capterra, learn about COSTAR, its features, pricing information, popular comparisons to other Auto Repair products and more. To see commission rates, you need a paid membership.Some of the drawbacks to the platform are the lack of filtering and advanced analytics. No Authorized User may access the Licensed Product using any Passcode other than the Passcodes assigned to such Authorized User. The first month's subscription is completely free, then each month costs 4.99 with no limit to orders on click and collect. (c) CoStar may interrupt the provision of any portion of the Licensed Product to Licensee upon CoStars good faith determination of any violation by Licensee of any provision of Section 1, 2, 3 or 13(a) hereunder, or any material provision of any other agreement between the parties or their affiliates, and Licensee shall continue to be responsible for all License Fees, provided that Licensee shall not be responsible for License Fees for an interrupted period if there was not an actual violation. This Section shall survive the expiration or termination of the Agreement for any reason. Check out alternatives and read real reviews from real users. 13. These might be some reasons to seek Costar alternatives. CoStar Starting Price Click here to get detailed pricing as per your requirements. Show your clients the true cost of a lease with sophisticated yet easy-to-use cash-flow modeling. (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: https://www.costar.com/CoStarTerms-and-Conditions/STRBenchmarking (the STR Benchmark Terms). Without CoStar, I dont know how we could have done that.. RECOVERY OF THIS AMOUNT SHALL BE LICENSEES SOLE AND EXCLUSIVE REMEDY. How much does LoopNet cost?Access to the LoopNet sold and off-market data is free. They've monopolized their whole industry. Licensee agrees that CoStar may include notices on invoices sent to Licensee by regular mail or email. and our FanCasts - Participate in live video chats with celebrities. Keep in mind, if your listings aren't premium, people that don't pay for premium themselves, aka most property . Reddit and its partners use cookies and similar technologies to provide you with a better experience. Our Dallas office pays $114,000/year. (d) Licensee will ensure that access to and use of the Licensed Product, and the user names and passwords (collectively, the Passcodes) and any other authentication method used to access the Licensed Product are available only to Authorized Users, and will not allow anyone other than an Authorized User access to the Licensed Product or Passcodes for any reason. Not true, they wrote. The foregoing sentences of this Section shall not limit or exclude any liability for fraud. This is for data for the entire country. Agency firmsOwners & investorsLendersProfessional servicesRetailersLocal & national government, CoStar propertyCoStar comparablesCoStar analyticsCoStar tenantCoStar newsCoStar PropexCoStar lease analysisCoStar mobile, The Section 172 statement made by CoStar UK Limited in accordance with The Companies (Miscellaneous Reporting) Regulations 2018 can be found here. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Hialeah Gardens industrial site trades at $1M/acre, as market softens, Pasadena moves to eliminate planned development zoning, CF Industries relocates suburban HQ to Northbrook with slight downsize, LaSalle sells OC office building at 55% loss, Grutman, Soffers Story nightclub sues Miami Beach over alcohol ban. They dont need a break from us or anybody, he said. We have 100 in our office, 55 of which are brokers. According to Florance, commercial brokerages are better positioned to withstand Covid than hotels are because they are being paid now for transactions they did six months ago, and some may actually be doing well. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. The English language version of this Agreement shall be binding. 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. 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. Once they snuffed out xceligent they literally killed their competition. Any translated version shall serve for information purposes only. Steven Burton Retired Soldier Upvoted by Michael Cheng , Real estate broker since 2010. CoStar acknowledges that if Licensee provides CoStar with any information or images, Licensee retains its rights to such information and images, even following termination of this Agreement. A deep and detailed view of commercial tenants across asset types and geographies. 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. Also, Crexi is primarily a listings platform. I used to work for them.it aint just you, they are very expensive. Quickly compare models side-by-side to get to a decision faster. Solely with respect to any Claim under any laws, rules or regulations pursuant to the Section above, if for any reason the foregoing indemnity is unavailable to any CoStar Party, CoStar shall be entitled to seek in a court of competent jurisdiction Licensees contribution to such Claim under any legal or equitable theories available to it. When you evaluate any commercial real estate data source, its critical to consider how the data is curated and verified. 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. 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. Automatically calculate cash flow for new and existing leases, making sophisticated lease analysis quick and easy. (d) Upon Licensees breach of any term of this Agreement that leads to a termination of this Agreement, all License Fees and all other fees payable hereunder shall become immediately due and payable in full, and in addition to the foregoing, CoStars remedies shall include any damages and relief available at law or in equity. (b) CoStar may terminate any portion of this Agreement immediately without further obligation to Licensee: (1) upon CoStars good faith determination of any violation by Licensee of any provision of Section 1, 2, 3 or 13(a) hereunder, or any material provision of any other agreement between the parties or their affiliates; (2) in the event that CoStar discontinues providing a particular product, upon five (5) days written notice at any time in CoStars sole discretion, in which case CoStar shall refund any fees paid by Licensee to license the terminated portion of the Licensed Product after the effective date of such termination, and Licensee shall be released of its obligation to pay the associated License Fees due in respect of terminated portion of the Licensed Product after the date of such termination; or (3) in the event (i) Licensee is directly or indirectly owned or controlled (50% or more in the aggregate) by any individual or entity (A) designated pursuant to an economic sanctions program administered by the U.S. Treasury Departments Office of Foreign Assets Control (OFAC), including but not limited to the Specially Designated Nationals and Blocked Persons List and the Sectoral Sanctions Identifications List or (B) who is located, organized, or resident in a country or territory that is, or whose government currently is, the target of comprehensive embargoes imposed by the U.S. government; (ii) Licensee is designated on the Entity List administered by the U.S. Department of Commerces Bureau of Industry and Security; or (iii) Licensee is in material violation of applicable human trafficking or child labor laws. None of the CoStar Parties shall have any liability for any damages resulting from any failure to perform any obligation hereunder or from any delay in the performance thereof due to causes beyond CoStars control, including industrial disputes, acts of God or government, public enemy, war, fire, other casualty, failure of any link or connection whether by computer or otherwise, or failure of technology or telecommunications or other method or medium of storing or transmitting the Licensed Product. CoStar's research never stops. Choice of Law; Jurisdiction. (b) Except as set forth in Section 2(a) and in the STR Benchmark Terms, or as may otherwise be agreed to by parties, Licensee shall not distribute, disclose, copy, reproduce, make available, communicate to the public by telecommunication, display, publish, transmit, assign, sublicense, transfer, provide access to, use or sell, directly or indirectly (including, without limitation, in electronic form), any portion of the Licensed Product, or modify, adapt or create derivative works of the Licensed Product. Reis subscription comes with a fee, and depends on the number of users and the type of data access one selects. Without CoStars consent, Licensee may not use or reproduce any trademark, service mark or trade name of CoStar or its licensors. CoStar Awards Get an Overview for the Leaders Matrix at glance Learn More Regional Data (3 contiguous/touching markets) - $695/mo. Use. $95 per month per agent / broker is actually reasonable. Do you have an alternative? License. Costar Monthly Rates per Person - assuming no contract* CoStar Suite Market Analytics (for sale info across the nation, tenant information, lease comps, sale comps, and market analytics in the market(s) youre subscribed to): Regional Data (3 contiguous/touching markets) - $695/mo. Advanced packages let you dig into features such as tenant details and advanced filters. The free CREXi plan mostly targets expanding property listings reach, however, due diligence documentation is available. Explore public record information including tax assessments and ownership. 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. This makes a vast amount of essential comps data available to all users. In other words, while LoopNet offers some useful data for research purposes, it does not provide actual CRE comps.While some appraisers use listings in the absence of closed transactions (comps), it is not considered a best practice, unless no relevant comps can be obtained.Since its not really an in-depth commercial comp database, appraisers may find LoopNet lacks important data. 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. 15. In this book, author and investor Unfortunately, the platform does not provide deal by deal lease comps. Community Regulation - Members receive more comps when they help us complete missing comp information. Maybe if you had a license prior you could grandfather in your previous contract, but that's what I'm being quoted. 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. (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. CoStar may, at its own expense, reasonably assist in such defense if it so chooses, provided that Licensee shall control such defense and all negotiations relative to the settlement of any such Claim. There is a range of paid subscription packages available too. Im paying $400 a month for Los Angeles. You're saving almost 12 by signing up for a year, but the monthly rolling deal is . 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. 14 Riktrmai 2 yr. ago Holy shit, as an appraiser I'm paying almost $2k/month for 3 users. Contact Us Please get in touch with us for any queries regarding the CoStar Group or any of our products. Launched in 2016, CREXi has grown into an active commercial property marketplace with over $600B in property value listed and over $100B in property closed.For appraisers, CREXi sales comps data covers 50 major US metropolitan areas and counting. Licensee acknowledges that it is responsible for payment of License Fees (as defined below) pursuant to Section 5 for the entire Renewal Term unless the Agreement is terminated in accordance with the notice provisions of this Section. Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in the Agreement. 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. Learn more about how we process your personal data, read our privacy policy. THE COSTAR PARTIES MAKE NO WARRANTIES. Last week it tapped that war chest to acquire Ten-X Commercial for $190 million in cash. Through proprietary data and advanced analytics, Reis helps appraisers gain insight into the major US commercial real estate markets.Reis leverages its advanced data collection methodology which produces transaction profiles. This CoStar alternative provides information on such as property owner information, portfolio data, transaction, and debt history.Generating data from a wide range of resources, Reonomy can display up to 100 data points for any given asset, such as renovation details, sales history, opportunity zone status, and tax history. Ownership. 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. See who's buying, who's selling, and who's brokering deals in a given area. 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.
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