Commercial Real Estate Research Intern (Former Employee) – Salt Lake City, UT – August 16, 2013
Entered Tenant information into database after physically researching the commercial real estate site myself. I learned to keep myself focused and attentive at all times during work in order to reach my goals. I worked almost completely independently so the most difficult aspects of m job were ensuring I worked as efficiently as I could the whole time I was working and on that same note I loved the freedom and the ability to be as productive as I allowed myself.
PRODUCT ANALYST/CLIENT RELATIONS (Current Employee) – Boston, MA – August 17, 2017
This is a company that is evergrowing, my team was personally the most helpful and cohesive team, I was a product analyst. I learned a lot by working on the product team. I had to learn the product inside and out from the back end of actually coding to the client service side of training and demos and dealing with any client requests and isseus.
Upper management has some flaws and sometimes there were long hours due to the cycle. The hardest part were last minute projects provided you by senior management with somewhat of an unreasonable timeline.
great beneits, snacks, amazing view *boston, young culture, business casual
hard work, it's not just a job so if you're not willing to work hard and underatand the real estate culture
Research Associate (Current Employee) – Washington, DC – August 3, 2017
Get in, do what you need to do, get out. Very high turn over, working in a youthful atmosphere. Many opportunities to move around in the company. Not very supportive of getting new employees well acclimated to the company/culture/procedures.
COMMUNITY RESEARCHER (Former Employee) – Buckhead, GA – August 3, 2017
The Management/Leaders were the most important aspect of the company. At any time you didn't understand something or even fall behind you wouldn't get disciplined for it but the up most help from every leader there
Research Associate (Current Employee) – Washington City, DC – July 25, 2017
The job is tedious, repetitive, and lacks any form of meaningful advancement. Bonus are awarded in a raffle. I would only recommend this job to someone who knows nothing about CRE or is looking to take advantage of the tuition reimbursement.
Research Associate (Current Employee) – Richmond, VA – July 19, 2017
CoStar uses extremely simplistic metrics in an attempt to rank its 300 or so research associates. There are huge "leader boards" on every wall of the building showing how many calls ("interviews") you average each day throughout the month. You spend your entire day dialing and attempting to reach brokers with listings, and if they answer you try your hardest to keep them on the phone for at least 90 seconds in order for your call to count.
There are also constant "research" and data entry projects, which would be a nice break from listening to phones ringing all day, except every minute you spend on one of these projects takes time away from dialing, and your numbers drop very publicly.
Lower management is always in fits of stress and you'll come in to work seeing that your manager sent you emails in the middle of the night. If you move up in the company, the work life balance goes away, meaning there's no meaningful advancement available if you have a family or significant other or even a dog.
Pays well for an entry-level job.
Simplistic metrics, culture of competition, the feeling that your work product is rushed and incomplete
AP Specialist (Former Employee) – DC – July 14, 2017
CoStar had a lot of potential but after hiring me they changed my work hours, removed my ability to make overtime, did not offer adequate training or introduction to their processes, delayed their conversion to an ERP for more than a year and did not allow for any work-from-home options. Due to these factors, overall it turned out not to be a good fit for me.
Research Associate (Former Employee) – Atlanta, GA – July 11, 2017
CoStar group is a great company for new graduates that do not know if they are truly interested in real estate. I feel that this job is an ok stepping stone while you wait to figure out what you want to do. Its ok not great.
Great way to get a foothold in Commercial Real Estate
Research Associate I (Current Employee) – Washington, DC – July 4, 2017
This job provides you the opportunity to learn the ins and outs of the data/research side of commercial real estate. The job also allows you to grow in your ability to interact with other professions both internally and externally.
The research role at CoStar is a highly competitive and metric based role. Your pay is not affected by "poor" or "great" performance, however your metrics are displayed for all to see and this creates this peer motivation to improve and be better. If you do not thrive well in a metric based environment this may not be the job for you.
The most enjoyable part of the job is building relationships with the brokers you are working with, unfortunately portfolio changes can make this difficult at times.
Research Associate (Former Employee) – Washington, DC – June 21, 2017
The role was challenging and you learned a lot about commercial real estate. In the research role it is a lot of cold calling, which gets old after a while. Management does not have a clear idea of the medium term to long term goal. You will work on a project for one week and then change focus the next week with no explanation. Also, the goals set for the position and these project are usually unattainable.
Field Research Photographer/ Pilot (Current Employee) – Los Angeles, CA – June 18, 2017
Very Large Corp company. Many levels of management that do not communicate clearly it seems. I worked in the field, many conflicting information concepts and ultimatums passed to us. Metrics are almost impossible to hit, compensation for commissions never attainable, expect maybe 30% of what they promise ($3k/month)if lucky. markets crowded with too many FRs. Benefits are very good (95% health care, 401k, fair holiday time etc). Work is very tedious/ monkey like. They provide you with everything you need, no personal equipment, and want you to do good work.
Sale Comp Specialist (Former Employee) – Washington, DC – June 16, 2017
Typical day at work includes being on the phone soft calling brokers, sellers, and buyers of commercial real estate and gathering as much information as possible. You are graded based on the information you collect, enter, and how you brand over the phone. This determines your level of success. I learned a lot about GIS mapping and commercial real estate that I didn't before. The workplace culture is competitive and fast-paced. You are constantly ranked and rated amongst your peers. The hardest part of the job was obtaining goals and performing high on a metric based scale. The most enjoyable part of the job was engaging and creating relationships in the CRE markets.
free snacks, benefits are good, near public transportation
Sales (Former Employee) – Northeast Region – June 15, 2017
You can make great money here. You will have the golden keys to meet with brokerage firms, banks, and real estate investors considering CoStar is highly necessary for their business. The product you sell if fun and user friendly. Your clients will typically need to warm up to you since they've seen so many reps come and go.
The company's internal infrastructure has issues supporting the behemoth sales team. It is difficult to hyper-focus on selling when accounting, sales ops, and customer support is unable to keep up with their work and it comes back on the rep.
You will spend a good amount of your time dealing with clients who are unhappy with their premiums and ones that may have been wronged by the previous sales rep. The ultimate kick in the teeth is that your commission can be significantly impacted by clients who wish to cancel their subscriptions that may have been sold by previous reps.
Overall, sales management is relatively competent and protective of their reps however tenured managers typically get what they want. Take this job to make contacts, money, and build your brag book. Aside from that, not much room for growth.
Great compensation schedule, benefits, offices, sales conference, prizes
Oversaturation of salesforce, inconsistency between LoopNet/Apts.com/CoStar, rules are made up as you go
This is a great place to work. I would strongly recommend it to anyone interested in pursuing a career in this industry. The management is outstanding. The office culture is progressive and professional. The training and instruction is ample as is the continued support and education.