CoStar Group reviews

2.7

33% would recommend to a friend

(3,026 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 3,026 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
Aug 22, 2016
Recommend
CEO approval
Business Outlook

Pros

Snacks Leave at 5/5:30, and not expected to work after hours Good benefits *Work/life balance would have been a 5, but it's been so miserable to work there, the negativity creeps into the rest of my life.

Cons

Where to begin..... let's start with the way changes are made and communicated. Major company upheavals have happened in the blink of an eye. Roughly 50 employees were informed via a webinar that their jobs were moving to another center (Atlanta, GA) with no warning. It was another week before the employees were informed that they would still have jobs in D.C., and another week after that when they found out what their options were. To repeat, 50 employees found out via a WEBINAR that they were losing their jobs and it took two weeks for there to be an answer as to what the company was going to do with them. Upper management does not seem to comprehend how the word works now or how their clients want their listings updated. To have people on level three portfolios have to make 10 two minute phone calls per day is not necessary and in some ways hurts the clients. When the entire day is spent calling people with one or two listings in a different portfolio to hit a metric there is not enough time to update the dozens of emails the clients are sending in, nor is there time to update the listings for the clients. I feel that management does not want the researchers to succeed in their jobs, perhaps because they don't want to pay out "so much" for bonuses. Every day it is a struggle to either do my job (get my phone calls and not update my portfolio and work with/for my brokers) or I can do my work (update emails, listings via LoopNet/websites as clients request), but I can't do my work and my job in one day. The metrics are incredibly high and mostly unattainable. Management can't do a thing about any of the metrics. They primarily function as babysitters, hovering over your shoulder making sure you are hitting your call metrics. They are merely puppets for upper management and have their own unattainable goals. They are also incredibly petty and whisper behind others' backs and discuss tactics, but can't solve anything because they are also just another cog in the machine. They also promise that there is growth within the research department (not terribly easy) and other opportunities within the company (hardly). Don't let that fool you. It's pretty evident that the research staff is miserable, but anything that was previously used to boost morale (tickets to a Nats game, "Company Day" with a half day off, random ice cream days, random company gifts) have all been taken away. Anything like that would help, the research staff feels incredibly unappreciated, overworked, and underutilized. The least you could do is have ice cream once.

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CoStar Group Response
9y
We’re reading this! Thanks for leaving a review with us. Change happens fast here. We appreciate that it is disruptive but it helps us retain an advantage in a very competitive industry. We definitely care about our employees which is why we offer a competitive compensation and benefits package. In addition, you reference the all-employee survey we recently fielded to obtain comprehensive feedback from the company. Managers across CoStar have committed to and will take action on its results.
4.0
Aug 19, 2016

Great start to career

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great place to start your career

Cons

Tough to translate experience outside of CoStar

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CoStar Group Response
9y
Thanks for the review. Good luck in your adventures outside of CoStar!
3.0
Aug 15, 2016
Recommend
CEO approval
Business Outlook

Pros

Great foot in the door for CRE Great benefits 9-5:30, no questions asked Stock plan retirement plan Great networking- young organization lots of happy hours, social opportunities, etc Healthy growth, lots of opportunities for various areas of real estate, marketing, data, etc big organization means many many perspectives, lots of changes will expose you to all kind of management styles

Cons

Neurotic, secretive culture at times; tendency to shift gears at a moments notice. Often times projects and entire divisions will be scrapped and resources sent to another division. To make matters worse, senior management will play pretend like the screw-up never happened. It's hard to maintain healthy frontline morale when buy-in is used to pitch a new project, but then that project is put on hold only weeks later. Quality is measured in phone calls. There is belief that crappy comps, bad tenant data, etc, can be solved by calling landlord brokers. Need better data? Call them more! Any proposal that makes sense as an alternative to 2 minute phone calls seems to be sabotaged in order to prove that 2 minute phone calls are the only solution to a bad product. It's intellectually insulting. Employees may be millenials, but (most of them) aren't retarded. I had good managers and bad managers. I was fortunate to have a good Director during my last year. However, there tends to be a Kool-Aid mentality among those who have worked there 5+ years. There is a big "turd polishing" culture- the belief that if something absolutely sucks and defies all logic, you must repackage it as a solution to all of lifes ills. Basic managerial science would suggest the opposite- you recognize the positives, first and foremost, but you question the failures and shortcomings and work around those. There is no questioning of those shortcomings at Costar. In fact, it seems like those shortcomings are purposely put there in order to advance someone elses agenda. If something looks and smells like a turd, you should treat it like a turd. You can polish it for days, but it won't become a diamond. There's a habit at Costar of trying the same failed strategy and expecting different results. Office politics are huge; however, if you keep your head down you tend to advance, quickly. I did.

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CoStar Group Response
9y
Thanks for your feedback. We’re glad that you enjoyed the dynamic opportunities available while you were here. The pace of change is definitely rapid here but it keeps us sharp in a very competitive space.
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