The CoStar Suite, which includes CoStar COMPS, is available by paid subscription only. This Agreement contains the entire understanding of the parties with respect to the Licensed Product and supersedes any prior oral or written statements by Licensee, CoStar, or their respective representatives and documents with respect to such subject matter; provided, that this Agreement does not supersede any other written license agreement between the parties unless expressly provided herein. Licensee hereby grants to CoStar an irrevocable, non-exclusive license with respect to CoStars and its affiliates databases to use, modify, reproduce and sublicense with respect to commercial real estate information available on Licensees website. Only those that provide detailed comparables data truly improve your client outcomes. More importantly, CompStak gives appraisers access to a unique dataset that cannot be obtained elsewhere: commercial lease comps. 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. Get a clear picture of investment, lending and financial trends with extensive capital markets and loan information. Use. No Authorized User may access the Licensed Product using any Passcode other than the Passcodes assigned to such Authorized User. Trrend is a commercial real estate sale and lease comps software platform available at an affordable price. How much does Trrend cost?The comp database component costs $35 per user per month. CoStar is a commercial real estate information site with a large property database on assets in the US, Canada, and the UK. LoopNet also provides data about recently sold or off-market assets. Questions About BiggerPockets & Official Site Announcements, Home Owner Association (HOA) Issues & Problems, Real Estate Technology, Social Media, and Blogging, BRRRR - Buy, Rehab, Rent, Refinance, Repeat, Real Estate Development & New Home Construction, Real Estate Wholesaling Questions & Answers, Rent to Own a.k.a. 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. Headings are for reference only. National Data - $1,395/mo. 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. CoStars offer of deferred relief does nothing other than kick the can down the road and puts small, independent commercial brokerage firms further behind the eight ball, reads the letter, a copy of which was obtained by The Real Deal. 3 Egyptian_Magician1 4 yr. ago For commercial real estate appraisers, accurate and up-to-date data can make or break your business. That is insane. Ive heard of many landlords giving way higher rents and lease terms than what theyre actually getting in the hopes of increasing the market rent. UK and US fans can also enjoy cold case drama Karen Pirie on the service. Licensee agrees to pay the license fees and all other fees set forth in this Agreement in the currency set out on the Subscription Form (the License Fees). ALTHOUGH COSTAR MAKES EFFORTS TO PROVIDE AN ACCURATE PRODUCT, THE LICENSED PRODUCT AND ALL PARTS THEREOF ARE PROVIDED AS IS, WITH ALL FAULTS, AND AS AVAILABLE. These consist of a national lab (lot 1) and up to 3 network labs (lot 2). 19. The information is divided up state-by-state, and from there you can choose from improved property, vacant land, or leasing options. CoStar irrevocably consents to the exclusive jurisdiction of the federal and state courts located in the District of Columbia for the purpose of any action brought against CoStar in connection with this Agreement or use of the Licensed Product. Members will also get access to exclusive offers and personalised rewards. 15. 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. Independently researched and comprehensive information for over 6.9M commercial properties. Their pricing for a one-woman operation based in LA is below. 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. CoStar may accept any payment without prejudice to its rights to recover the balance due or to pursue any other right or remedy. With a market cap of $24 billion, CoStar is the largest data provider in the U.S. commercial real estate market. Licensees obligation to pay such fees shall begin on the Start Date. 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. While some chalk up CoStar's subscription fees to the cost of doing business, others accuse it of exploiting monopoly status to charge high prices. The CoreLogic sales comp component is called RealQuest, and it provides property reports, MLS data, property valuations, and transaction histories. All payments received after the due date may be subject to a late payment charge from such due date until paid at a rate equal to the maximum rate permitted under applicable law. CREXi is an online commercial real estate platform that facilitates CRE transactions by bringing the entire process online from listing to closing. THE COSTAR PARTIES MAKE NO WARRANTIES. Notwithstanding anything to the contrary in the second sentence of this Section 7, upon any non-renewal or termination of the Agreement, Licensee shall not be required to purge from its hard-copy, electronic or email files STR Benchmarking Deliverables (as defined in the STR Benchmark Terms) or Information that Licensees Authorized Users incorporated into its own reports, analyses or other materials in compliance with the terms of this Agreement and which are contained in such hard-copy, electronic or email files, (the Post-Termination Information); provided, however, that the Post-Termination Information may be retained solely for ordinary corporate systems backup, legal or regulatory purposes and may not be used, copied, distributed or displayed for internal research or marketing or for establishing, populating or being used within any commercial real estate information service or other searchable database or for any other purposes. EDIT: For comparison, larger firms are paying ~$4500pp per month. Licensee will comply with all laws related to emails Licensee and/or its employees, Authorized Users and Exclusive Contractors send using the Licensed Product, including, but not limited to, the United States anti-spam law (CAN-SPAM), Canadas anti-spam law (CASL), the United Kingdoms General Data Protection Regulation and Data Protection Act 2018 (UK GDPR), the Data Protection Act 2018 and Privacy and Electronic Communications (EC Directive) Regulations 2003 (PECR), and the European Unions General Data Protection Regulation (EU GDPR) and any other applicable EU directives (as implemented within the relevant EU member state(s)). Im in the DFW area as well. 15. While some chalk up CoStars subscription fees to the cost of doing business, others accuse it of exploiting monopoly status to charge high prices. For each licensed site, Licensee is allotted an aggregate amount of 100 megabytes of storage space in the CoStar Product per Authorized User located at that site. Discover how CoStar property data could help your business. CRE professionals then conduct a data science-assisted evaluation focused on market pricing, capital flow, and investments.How much does Real Capital Analytics cost?Access to the RCA database is only by subscription. You're saving almost 12 by signing up for a year, but the monthly rolling deal is . 17. Licensee acknowledges that if it creates any settings, saved searches, fields or functions in the CoStar Product or inputs, adds or exports any data into or from the CoStar Product (collectively, the User Data), none of the CoStar Parties shall have any liability or responsibility for any of such User Data, including the loss, destruction or use by third parties of such User Data. 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. Rates that I was quoted earlier this year..all are for annual contracts, but was told that signing a 3-year contract would get a 20% discount. The CoStar mobile app allows you to access the same granular, verified CoStar information and analytics whenever and wherever you want. Is the data in the Market Analytics good at least? I only wanted Dallas /ft worth and it was $1k per month. 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. RECOVERY OF THIS AMOUNT SHALL BE LICENSEES SOLE AND EXCLUSIVE REMEDY. The research area shows listing rates, sizes, median rates, and rates by submarket for a wide range of metropolitan areas.While 42Floors is not a true comps database, it does provide useful information in an easy to use format. 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. Assignment. 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. CoStar is one of the most popular online destinations for property data, however, there are several attractive alternatives. 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. Wish there was an alternative. Frustrating but nothing else really to switch to yet. Explore public record information including tax assessments and ownership. It is a cloud-based software which is CPA tested and provides FASB and IASB compliance. Privacy Policy. The Arts and Humanities Research Council (AHRC) has collated the most frequently asked questions that have been raised for the National capability for R&D in screen and performance funding opportunity, also known as Convergent Screen Technologies And performance in Realtime (CoSTAR). Its not even your data (or just your data) in some cases.for some places, there aint much more than assessor data, but the sales staff tends to leave that out of the presentation. Learn why CompStak Exchange is free. Impact of COVID-19 on CRE market dynamics, 36 Cooper Square, 6th Fl The version of these CoStar Product Terms and Conditions effective as of the time of the parties' full execution of the Agreement shall be attached to, incorporated into and govern the Agreement. License. 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