CoStar Group reviews

2.7

33% would recommend to a friend

(3,028 total reviews)
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Andrew C. Florance

30% approve of CEO

37% positive business outlook

CoStar Group has an employee rating of 2.7 out of 5 stars, based on 3,028 company reviews on Glassdoor which indicates that most employees have an average working experience there. The CoStar Group employee rating is 22% below average for employers within the Real Estate industry (3.5 stars).

Reviews by job title

3K reviews
1.0
Feb 5, 2017

Run....very VERY fast!!!

Recommend
CEO approval
Business Outlook

Pros

Pros for working at CoStar.... you meet a great group of people. Without your co-workers to get you thru the day, it would be horrible. The pay....well that is a trap.....and still not enough for all the work that you are expected to complete....so is that really a pro??? Yeah, that is all I have.

Cons

I will share SOME of the downsides of working at CoStar because I don't have enough time to list them all. (1) The work.... the thing is the work in and of itself is not bad....it can be enjoyable...establishing relationships with people all across the country…. Actually doing research to find the meat and potatoes…if you were allowed to do that. Ok on to the next one; (2) Management – and not the direct manager you report to because they are just minions that deliver the information from upper management. Management does not listen at all. How can you NOT listen to the actual people that do the job…. Or Not even ask the actual people to do the job. (3) The horrible metrics…..wait, did I say HORRIBLE metrics!!! They don’t know what they want…or they want one thing on this day and another thing on another day. Sometimes it changes within the same day. Make calls, match the databases, we are one company, make calls, don’t talk to the admin, make the broker speak to you, MAKE the broker speak to you. They say “your brokers ignore your calls but they really do want to hear from you”. They say “you have to retrain your brokers”. Who is “THEY” – the managers who don’t listen. First, you have to do 20 two-minute calls, 50 dials and 1 hour 15 minutes of duration… then it changes to 90-second calls, 50 dials, 2 hours of duration…..who can keep up….but then told now you have to make the databases match…so pull your location from a report that has no rhyme or reason, compare what is on LoopNet to what is on CoStar…noting all the changes, then call the broker…don’t make the changes until you talk to the broker… so you’ve spent what….30 minutes or more doing them comparison and walk away with one attempt and 30 seconds of duration because you better not leave a long, detailed, slow, explanatory voice message. Yup, I know that sentence is a long rambled run-on sentence…but that is exactly how it is there. (4) Moral is worse than ever. It has been bad but everytime you think it cannot get any worse… they pull something else out and throw it on the table. (5) Upper management….when they have someone good…they get rid of them or that person rans away very fast after they really get what everything is REALLY about. Some people think it was going in the right direction under Frank C but he did not stay in the position long and the person in charge now has no clue. (6) Turnover… a joke…. You are hit with the “what the hell did I get myself into?” not very long after hitting the floor from training. Employees that have been there for a long time…..are more or less stuck because of their tenure and/or trying to find a matching pay elsewhere when looking for a new job. Anytime you have to incentivize someone to stay by promises stock options or a lump sum of money if they stay for 3,4, or 5 years then there is a bigger problem. But guess what those people do as soon as their contracted time is up….yup, they leave.

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CoStar Group Response
9y
Thank you for five years of service with us! We’re truly grateful for all of the excellent work that you must have produced over your time here We hope that you’ve used that time to take advantage of our excellent pay and benefits package along with rising share value. We do hear you. We know that delivering research results can be challenging from time-to-time, which is why we provide extensive initial and continuing support and training to researchers to set them up for ongoing success.
2.0
Feb 4, 2017

Young and Dumb

Recommend
CEO approval
Business Outlook

Pros

Pay is very good but you will soon realize that it will not be enough to keep you motivated here very long. Free lunch, coffee, and onsite gym are a plus but it's all part of the system to reel you in. You will learn to cold call and deal with rejections on a daily basis.

Cons

Company is almost 30 years old yet it feels like it just opened its doors yesterday. The processes and ever changing metrics that are used make you feel like upper management has no idea what they are doing. The research managers act like they have been here for years yet they were hired the same time as everyone else. None of them started at the bottom like the rest of us and had to cold call hundreds of tenants a day to confirm information. Congratulations, you had limited managerial experience and that bumped you up the pay grade of everyone else. The type of work you do here is extremely repetitive and tedious. Everyday is the exact same thing. Call hundreds of business and confirm information. Not to mention you are phishing for data that most people are not willing to give out. You also have to pay to park in the garage and there is no other option other than parking several blocks away to avoid the cost. For a part time employee half your paycheck is going to just parking your vehicle. There is limited upward mobility and while you can eventually move up, if you have no managerial experience you are never moving out of the research department. No one becomes a manager starting in research and if you do it's because you got lucky. There are certainly better roles here and if you have managerial experience you can by pass all the hard work and watch others do it all day while you sit on your throne.

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CoStar Group Response
9y
We know calling can be challenging but often there is simply no other way to obtain the information that our clients need. Know that you’re influencing million-dollar decisions every day through your work and delivering value to the company and your clients! We expect all research team members to collaborate and work mutually to improve skills. If you feel like that isn’t a cultural value on your team please let us know at hrdepartment@costar.com.
1.0
Feb 3, 2017
Recommend
CEO approval
Business Outlook

Pros

I can't think of any pros at this time except the building has a cool coffee shop.

Cons

They implement unattainable metrics and expect you to adhere to there ever-changing ways of the company. No month is the same as the next, and they will constantly threaten your position. In order to meet these demanding metrics, a researcher must call over 50 people a day and try to keep them on the phone by maintaining irrelevant conversations in order to get over a million two-minute” calls. You wont have time to actually add data and gather new information because you will be too busy asking how the weather is in Chicago, or reiterating a memorized “About CoStar” that you practiced to be exactly 2 minutes just to hit your metrics. The listen to your phone calls and coach you with EXTREME micro-managment. These researchers work their butts off and get NO gratitude in return. The amount of change this company underwent is extremely unprofessional. The environment is extremely unhealthy. Management will send you an email every 15-30 minutes monitoring your calls and requesting you get back on the phone. Accompanying those emails, are a series of other emails from Upper-Management with you on a ranked list with your fellow colleagues. They expect an employee with a lower-level portfolio to hit the same metrics as those in a high-level portfolio, treating them all with the same disrespect and mental abuse. Also, you know those 2 ten-minute breaks REQUIRED by California law? Well, don’t even bother with those. You need every minute of your shift dedicated to hitting your metrics you will absolutely not have time to take your legally required breaks. There is nothing good about this company, and culture is non-existent. What we all share as employees is coming into work and being completely miserable for our overworked unappreciated 8+ hours shift. The CEO cares about quantity, over quality. He wants more profits by charging people an obscene amount of money for useless data that the researchers DON’T HAVE TIME COLLECTING BECAUSE THEY ARE TOO BUSY COLD CALLING. The CEO cares about wining over the general welfare of his employees….. and will do just about anything (including developing an unhealthy work environment) just to be number one.

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CoStar Group Response
9y
Hi there, thanks for leaving a review. We hear your feedback and we appreciate the work that you’ve done here. We are deeply committed to ethical conduct and want to gather more information. You can report your concerns to hrdepartment@costargroup.com, or our designated compliance officer at jcoleman@costargroup.com or call 1-800-750-4972 and do so anonymously.
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