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CoStar Real Estate Manager

3.6
(14)

CoStar Real Estate Manager is a real estate management software that allows you to make decisions based on information about your entire portfolio.

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CoStar Real Estate Manager Reviews

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Showing 14 CoStar reviews
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CoStar review by Thao T.
Thao T.
Validated Reviewer
Verified Current User
Review Source

"Great tool and search engine for quick information"

What do you like best?

It is user friendly, easy and quick. The reps know their products and are available to help. We use apartment.com to advertise our apartments and they're able to provide monthly reports of the traffic coming in.

What do you dislike?

Unfortunately not all apartments are listed on and information may not be up to date. Also anyone can create an account and post information that may not be correct. But I believe the company goes through it to filter the information daily.

Recommendations to others considering the product

Have a designated person in the office to do a daily check and update on the account.

What business problems are you solving with the product? What benefits have you realized?

Easy updates of our pricing and information. Our apartment's prices changes daily therefore we can easily update the information ourselves instead of waiting for someone else to do so. We can also post our specials and customized add ons/amenities.

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CoStar review by Marshall B.
Marshall B.
Validated Reviewer
Review Source

"CoStar - Real Estate Research for The Masses"

What do you like best?

CoStar is a helpful place to conduct a quick cursory review of a market, but also it is the number one place where individuals outside of the real estate industry turn to locate available properties.

What do you dislike?

Sometimes there can be conflicting information on the same property, but different pages. Additionally, sometimes the agents can be incessant with their calling to update your properties. Blessing, and a curse at times.

Recommendations to others considering the product

Ease of implementation of new properties, marketing/brand recognition is high value, and ease of getting in touch with marketing representatives make it a valuable tool.

What business problems are you solving with the product? What benefits have you realized?

Ease of access to quickly review a new/updated property in an area I don't typically frequent. Also, ability to review/search for a specific criteria anywhere in the country.

What Lease Administration solution do you use?

Thanks for letting us know!
CoStar review by Ari S.
Ari S.
Validated Reviewer
Verified Current User
Review Source

"Great Product. Worthwhile for any broker and investor"

What do you like best?

Tells you traffic counts, nearby properties of interest (including retail and hospitality) and so many other statistics that are necessary in the performance of due dilligence and marketing for any property. Additionally, it often tells you the owner and info, although not always accurately.

What do you dislike?

Not always so accurate with owners, filtering is a little wonky, and sometimes with certain stats it's all or nothing reports. While very cosmetically pretty, it misses the mark on some iimportant featiures which a developer would want. Working on NYC properties, there are definitely better softwares out there, but having worked on retails in other, more rural towns, it was very helpful and definitely crucial.

Recommendations to others considering the product

Do not rely entirely on Costar. It is a great tool, but some things need further verification. Utilize customer support. They are extremely helpful and will often provide you with tools not available on the site.

What business problems are you solving with the product? What benefits have you realized?

As a brokerage and investment company, it is important to know all relevant info for a property. This includes rent rolls, size of properties, owner info, traffic counts, and nearby retail establishments of note. Costar helps with all of this and more. While less valuable in urban areas, when we were buying / brokering properties in rural areas, CoStar was totally necessary as an initial step into due diligence. Everything did need followup verification, though.

CoStar review by Industry Analyst / Tech Writer in Real Estate
Industry Analyst / Tech Writer in Real Estate
Validated Reviewer
Verified Current User
Review Source

"It is the best product for commercial real estate but has serious flaws"

What do you like best?

CoStar is the industry standard for commercial real estate information. It is good because it has a plethora of information that can be easily accessed.

What do you dislike?

CoStar has a ton of dated information that many times is incorrect. Additionally, the customization of CoStar is lacking and the information is inconsistent for the my market. Rates can be stated in different ways and CoStar cannot distinguish between a net rate and gross rate when looking for space. Last, the platform does not have a verified way to change information. As a tenant-rep, I have called CoStar to have a listing in our name and they never once verify if ownership agreed to it.

Recommendations to others considering the product

CoStar is the industry standard so it is a necessity. I wish CoStar would listen to the industry more and make desired changes.

What business problems are you solving with the product? What benefits have you realized?

It is not solving a business problem, it is more providing a service of industry knowledge to brokers. The benefit is market knowledge.

CoStar review by John M.
John M.
Validated Reviewer
Review Source

"Costar Real Estate Manager Review"

What do you like best?

I am a very very big fan of the outsourced lease services team. Lease analysis is some of the most time consuming and dense work in the real estate industry, and the ability to outsource it through a reliable and credible team is a major draw.

What do you dislike?

One thing i do not like about costar is that there is no free version. I remember as a student I was never able to use their research because it requires a subscription, unlike some other online real estate services.

Recommendations to others considering the product

I think the costar platform is easy to use and the data and services they provide are top notch.

What business problems are you solving with the product? What benefits have you realized?

As previously mentioned, I am able to spend less time on lease administration and more time on property and asset management.

CoStar review by Administrator in Retail
Administrator in Retail
Validated Reviewer
Verified Current User
Review Source

"CoStar Real Estate Manager Review"

What do you like best?

I have used CoStar Real Estate Manager formerly Virtual Premise, for over 10 years, and have found it to be an invaluable tool for collecting, managing, reporting and analyzing information

What do you dislike?

Since a recent update, we have experienced reporting issues. Many existing reports that previously worked yield error messages when attempting to run them. We have also found issues with the contacts module.

What business problems are you solving with the product? What benefits have you realized?

We use CoStar to solve our portfolio management, lease administration and document management needs. We also use this product for planning, scheduling and reconciling maintenance requests.

CoStar review by Sandra V.
Sandra V.
Validated Reviewer
Verified Current User
Review Source

"Commercial list Site"

What do you like best?

Free listing of my commercial and multi family listings - good for other agents and buyers and people looking for 1031 Exchange properties

What do you dislike?

It is not used as extensively as Loopnet and I therefore forget to use many times

Recommendations to others considering the product

As an additional exposue to your listings or when in search for a property for your client it is yet another site to reference.

What business problems are you solving with the product? What benefits have you realized?

Exposure of these properties

CoStar review by Derek P.
Derek P.
Validated Reviewer
Review Source

"Expensive"

What do you like best?

Excellent property information, particularly in the Commercial Real Estate - Office fields. Easy to use interface.

What do you dislike?

Expensive. So expensive my company has chosen to cancel our subscriptions and utilize other services.

Recommendations to others considering the product

If you need office information specifically this is a great program to use.

What business problems are you solving with the product? What benefits have you realized?

Clients always need more information and CoStar provides us with a ton of deliverable options.

CoStar review by User in Real Estate
User in Real Estate
Validated Reviewer
Review Source

"CoStar Review"

What do you like best?

I like the simple layout that Co-Star provides. It's very easy to use. The search that CoStar provides is very exciting to use. When searching for commerical properties, Co-Star makes my job a lot easier and could be more pleased with the product.

What do you dislike?

The thing about CoStar that is a pain is generating a keycode every time to log in. It's a bit of a hassle to do it every time but thats how it's gotta be with them. There isn't anything else wrong with the product.

What business problems are you solving with the product? What benefits have you realized?

None

CoStar review by User in Commercial Real Estate
User in Commercial Real Estate
Validated Reviewer
Verified Current User
Review Source

"About as a good as other CoStar programs"

What do you like best?

I like all the features and information on properties in my area. It has everything I need to know and see about a space.

What do you dislike?

Difficult to use, takes a long time to learn to navigate, sometimes lacks current information.

Recommendations to others considering the product

You have to hound customer service agents for assistance! Beware!

What business problems are you solving with the product? What benefits have you realized?

This software is helpful in my business' surveys and tours for clients.

CoStar review by User in Commercial Real Estate
User in Commercial Real Estate
Validated Reviewer
Verified Current User
Review Source

"Helpful tool"

What do you like best?

Easy to search and find property-specific data

What do you dislike?

Hard to export and connect to other tools like Salesforce through APIs

What business problems are you solving with the product? What benefits have you realized?

Trying to minimize the amount of research time spent on properties

CoStar review by Consultant in Commercial Real Estate
Consultant in Commercial Real Estate
Validated Reviewer
Verified Current User
Review Source

"Reliable provider for management source"

What do you like best?

The system is user-friendly and reliable.

What do you dislike?

It's a costly service. Fortunately I have clients who cover the cost, but can be cost prohibitive for smaller firms.

What business problems are you solving with the product? What benefits have you realized?

The service allows me to log in and provide consultation services for my clients on their various commercial real estate projects.

CoStar review by User in Real Estate
User in Real Estate
Validated Reviewer
Review Source

"Good Product, Not always accurate"

What do you like best?

Most data available for commercial real estate

What do you dislike?

The Costar Product is a good tool but very Expensive and the data is not accurate.

Recommendations to others considering the product

Make Sure the cost of the product is truly beneficial to you. Ask for a trial.

What business problems are you solving with the product? What benefits have you realized?

Available properties for purchase. Comps.

CoStar review by Consultant in Real Estate
Consultant in Real Estate
Validated Reviewer
Review Source

"CoStar REM"

What do you like best?

Helps me manage client real estate portfolios. Can pull a lot of information from the existing database.

What do you dislike?

Sometimes slow to use. Graphics are not updates.

What business problems are you solving with the product? What benefits have you realized?

Analyzing client portfolio real estate data. This software helps me keep data organized.

Kate from G2 Crowd

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