CoStar Group reviews

2.7

34% would recommend to a friend

(3,017 total reviews)
avatar

Andrew C. Florance

32% approve of CEO

38% positive business outlook

CoStar Group has an employee rating of 2.7 out of 5 stars, based on 3,017 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
Apr 5, 2017

Not Worth It

Recommend
CEO approval
Business Outlook

Pros

Great location, great place to meet people if you are new to D.C.

Cons

The work is not rewarding at all, its a call center no matter what they say. Past the initial phase of learning how CoStar operates and how you collect data you wont learn anything else about commercial real estate. Upper management has consistently failed to deliver on promises of additional learning opportunities. They promised classes and tutorials in SQL, excel, financial analysis in commercial real estate and not a single one was realized. The work is very basic. If you absolutely need a place to work while you get situated in D.C. then CoStar is the place for you. If you do find yourself employed here, I would not recommend working here for more than one quarter, there are much better entry level opportunities D.C.

avatar
CoStar Group Response
9y
Thanks for your hard work and time with us. Every potential member of the research time has the opportunity to shadow a current researcher and spend time with them before they accept a role with us. We’re committed to transparency about all aspects of research. We offer extensive training for our research team, including several weeks of training immediately following their start date and ongoing training.
2.0
Feb 6, 2017
Recommend
CEO approval
Business Outlook

Pros

Competitive pay, excellent benefits, free gym membership, free food, cool looking office, reputable company, sets you up for a good career in commercial real estate

Cons

Expect to be viewed as another cog in the machine. In the past 3 months the firm has promoted an absurd culture of over branding, job insecurity, and fear of executive management. Prior to that, the job was straight forward: contact brokers, add to the database, provide customer service. There were metrics, but they weren't aggressively enforced - now one week of not meeting them on average puts you on the chopping block. Expectations are incredibly hard to meet for some portfolios, yet all are expected to meet them despite vastly different workloads and services provided. Research processes are clunky and don't make sense, and the internal operating system is cumbersome and needs to be put down like a rabid animal. Upper management is completely out of touch with researchers day to day and implement changes without any consultation with researchers. Mid to lower management constantly micro-manage and audit their staff (they have little choice) which creates a big brother type of organization. This is supposedly for quality assurance, but creates another stressor since a few bad calls can put you on notice. Turnover is high for a reason: management does not care about you, your personal development, or your happiness. There has become a "if you don't like it, you can leave" approach to employee communication, of which there is little of to begin with.

avatar
CoStar Group Response
9y
Thanks for leaving feedback and for your continued work. We do see many of our researchers go on to careers in commercial real estate inside and outside of CoStar! Our metrics are carefully tailored to help drive the quality of research forward, help researchers improve and drive value for our clients. The CoStar data obtained by Research is our critical differentiator from our competitors and what clients are paying for.
2.0
Jan 5, 2016

Research Associate I

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The training process is pretty good; however, follow up training needs to be better conducted especially once new hires are on the floor by themselves. The company offers many snacks and some drink options. The gym is a nice perk too. CoStars provides good benefits for its employees and other fun things such as the company party, Thanksgiving lunch, and catered brunch sometimes. It is a good place to start for someone who is interested in commercial real estate and wants an entry point into the industry - I've heard multiple success stories of individuals leaving and working for one of their clients. Some opportunities available for upward mobility but the time frame is unrealistic. The company is very young and hip, so it is easy to find someone who shares your interests. Paid holidays are great, but there are only 9 of them, and the week is capped at 40 hours.

Cons

To sum up, the ideal candidate for this role is someone who enjoys being on the phone all day; making dozens of dials per day; is not bothered by a tedious work week; and needs metrics to guide his/her day. *The job description for this role is extremely misleading and is false advertising. This job is completely cold-calling, and even when you continuously talk to your clients, they still do not want to talk to you half the time. Telemarketer would be a better position title than Research Associate. Not much research is involved in this role. A typical day includes making 30+ dials while barely getting anyone on the phone, and the metrics to meet are unrealistic. This position is very metric driven to the point where I feel unmotivated because unreachable standards are expected, unless you're the exception. The role is extremely tedious, and an individual without a bachelor's degree could easily perform the responsibilities of this position. Upward mobility is a long-process because an RA II does not do anything differently than an RA I does. The management is continuously changing their expectations and do not act quickly on the feedback they receive and often micro-manage. The pay is not negotiable, and hourly wage is not ideal especially when you get scolded for being under or over 40 hours a week. Vacation time accrues so slowly and makes it hard to have any time-off. I cannot thoroughly explain my frustration or disappointment with the research associate role in just text. It is obvious to me why the turn-over rate is so high for this company. After reading other reviews, I think many of them seem pretty accurate. I would definitely NOT recommend this company to a friend.

Viewing 265 - 267 of 3,017 Reviews

Glassdoor has 3,109 CoStar Group reviews submitted anonymously by CoStar Group employees. Read employee reviews and ratings on Glassdoor to decide if CoStar Group is right for you.