VE

Verified User in Commercial Real Estate

July 14, 2022 Source: G2.com

CoStar Comps Without Peer

What do you like best about CoStar COMPS?

The most complete dataset available in the commercial real estate industry. Comprehensive details, sorting and search tools

What do you dislike about CoStar COMPS?

Somewhat complicated to master to access the most useful information. Many multilayer fields and choice selections.

What problems is CoStar COMPS solving and how is that benefiting you?

There is no other tool available to research comparable sales and available inventory across all commercial product types as good

Rr

Rahul r

January 8, 2022 Source: G2.com

Best Property & Real Estate Database

What do you like best about CoStar COMPS?

I deal with USA properties. I didn't find any databases which has information on properties and sales data, apart from Costar. The database provides accurate information on property sales. It also acts as a lead generator.

What do you dislike about CoStar COMPS?

To be frank, I don't have any aspect which I don't like in CoStar. But there are few admin and network problems, wherein you will face difficulty in logging into your database at least twice in a week. The database uses mobile authentication wherein you always need to keep your mobile with you whenever you need to access CoStar.

Recommendations to others considering CoStar COMPS?

Consider CoStar, only If you're capable to spend $9000 dollars per year for a single subscription. The cost is very high because of the quality of information. You can have real-time access on any property sale in the United States.

What problems is CoStar COMPS solving and how is that benefiting you?

I am using CoStar to gather information on latest property acquisitions. We are extracting the sale records and gathering the buyer information. This acts as a lead list to target new prospects.

NA

Neeka A

April 28, 2020 Source: G2.com

CoStar for Appraisals Services

What do you like best about CoStar COMPS?

We use Costar Comp data for appraisal services and it is a huge time saver. It has easy filtering systems and nice pre made report templates. I don’t know how I would do my job without it.

What do you dislike about CoStar COMPS?

The information is not accurate a significant amount of time. The program also glitches more than you would hope. Very expensive system as well, I am lucky that the company pays for it and not the individuals.

Recommendations to others considering CoStar COMPS?

Would definitely recommend. I really don’t know what other alternative there is for this industry.

What problems is CoStar COMPS solving and how is that benefiting you?

We are solving the problem of finding real estate comparables that are relevant and can be used to obtain value. It is incredibly beneficial as that is the whole basis of real estate valuation.

VE

Verified User in Real Estate

April 30, 2018 Source: G2.com

COMPS Rewview

What do you like best about CoStar COMPS?

CoStar does a great job of creating an easy to navigate interface to utilize different comps and change criteria.

What do you dislike about CoStar COMPS?

There have been numerous times where a sale price is not included in comps but is available in public record. Their analysts need to dig further into deals to make sure they are getting all the information.

What problems is CoStar COMPS solving and how is that benefiting you?

It makes things extremely easy to manage clients expectations with showing them exactly whats going on in the market.

VE

Verified User in Real Estate

February 28, 2018 Source: G2.com

Being able to access comps for different requirements is great!

What do you like best about CoStar COMPS?

Easy to search and find the comps you need.

What do you dislike about CoStar COMPS?

If the comp information is not up to date or incorrect.

What problems is CoStar COMPS solving and how is that benefiting you?

It is good to be able to compare and show our clients the comps in order for them to understand the market and the pricing of similar buildings.

AC

Alison C

October 30, 2017 Source: G2.com

Good Foundation

What do you like best about CoStar COMPS?

It provides very relevant market data and is updated quite frequently. We work in a lot of the larger markets across the country, and it is typically very accurate.

What do you dislike about CoStar COMPS?

You do have to confirm your data as every now and then it is not very accurate, which is true for just about any software you use though.

What problems is CoStar COMPS solving and how is that benefiting you?

It is a great starting point and basis but doesn't replace your own due diligence. We mainly use it to see the most active markets and cap rates. The available square feet data is always very helpful as well.

VE

Verified User in Real Estate

March 9, 2016 Source: G2.com

Really Convenient

What do you like best about CoStar COMPS?

Its updated quickly which is great as I need new comps every couple of days. Also, the reports are pretty comprehensive which is helpful.

What do you dislike about CoStar COMPS?

Sometimes it takes too many keystrokes to get the job done. Also sometimes I have to type the address multiple times in the search box before the right property shows up.

Recommendations to others considering CoStar COMPS?

Definitely a good product

What problems is CoStar COMPS solving and how is that benefiting you?

Looking for what buildings we have yet to learn have reached/ left the market.

VE

Verified User in Commercial Real Estate

October 28, 2019 Source: G2.com

Overall good data to reference

What do you like best about CoStar COMPS?

The breadth of properties. There’s not one property I haven’t searched that wasn’t on CoStar

What do you dislike about CoStar COMPS?

Unit mixes are off. Not accurate sometimes what the unit mixes are for the property.

What problems is CoStar COMPS solving and how is that benefiting you?

Underwriting value of a property to size a loan and ultimately lend money to an investor

VE

Verified User in Real Estate

December 12, 2017 Source: G2.com

Great Tool for OMs

What do you like best about CoStar COMPS?

Really enjoy this. I’ve called several properties to make sure the information CoStar gives is accurate, and they do very well.

What do you dislike about CoStar COMPS?

It was hard to train my staff, but once we got the hang of it, it was a great resource for them.

What problems is CoStar COMPS solving and how is that benefiting you?

Much easier than looking through our database for comps.

VE

Verified User in Commercial Real Estate

October 24, 2017 Source: G2.com

A Good Starting Point for a Comp Search

What do you like best about CoStar COMPS?

Easy to use for searching in the larger markets.

What do you dislike about CoStar COMPS?

Limited data available for secondary and tertiary markets. I found that the product did not adequately serve many of the smaller markets that I work in.

Recommendations to others considering CoStar COMPS?

Ask others in your local market if there is adequate data coverage to make it worth the cost. Also be sure to do your own verification.

What problems is CoStar COMPS solving and how is that benefiting you?

CoStar Comps is a good starting point for searching the market. Bur you still have to contact related parties for verification since some of the data is limited or not always fully accurate.

CoStar COMPS Reviews

User Rating

Rating Distribution

Do You Use CoStar COMPS?

Verified User in Commercial Real Estate

Rahul r

Neeka A

Verified User in Real Estate

Verified User in Real Estate

Alison C

Verified User in Real Estate

Verified User in Commercial Real Estate

Verified User in Real Estate

Verified User in Commercial Real Estate

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