Excellent Market Data
Use Cases and Deployment Scope
CoStar is an indispensable tool for researching market fundamentals and comparables in the markets that we operate. We use it to look at market supply and demand, determine market rents, get a handle of average expenses at comps and look at sales prices and cap rates to verify investment exit assumptions.
Pros
- Market demographics
- Recent sales comps data
- In-dept data on comps
- Market overview and forecast
Cons
- Host more conferences
- breakout self-storage data
- property financials
Return on Investment
- Positive ROI
- Equipped us with info on market
- Helped us make decisions on our developments
- Helped us evaluate potential sales candidates
Usability
Alternatives Considered
Apartments.com
Other Software Used
Yardi Matrix, Agora Investment Management, QuickBooks Desktop for Mac