CoStar Pricing
Hey, has anyone had experience dealing with CoStar? If so what are they charging you?
We just got updated pricing and it seems insane.
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$650 CAD per month for one user.
I think there were a few threads on this back in late 2022 when they started rolling out the new fee structures and getting clients onto CoStar Lender. The pricing is absolutely insane and the value add of the Lender product is nonexistent at this point. My org has been on the new platform for just over 5 months now and we are still finding bugs in the model.
As I said before, if there was a viable alternative we would have gladly pursued it and never looked back, but CoStar knew this when they rolled the platform out. I have not yet come across anyone who is happy with the new pricing model.
Costar is so shit but so is every other competing product.
CoStar once gave me a rental comp that was something like 700 units of multifamily in downtown Chicago, 95% leased at high rents. I try to find the property online and can’t find anything. Looks like there’s an office building at the address. I email them, and they’re like “oh yeah that building doesn’t exist, whoopsie!”
Stuff like that happens all the time
CoStar openly puts false data points into their database so they can catch and sue people/companies who steal their "proprietary data." So, on top of the mistakes there are also incorrect data markers intentionally placed into the data set.
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