CoStar Group reviews

2.7

33% would recommend to a friend

(3,019 total reviews)
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Andrew C. Florance

31% approve of CEO

38% positive business outlook

CoStar Group has an employee rating of 2.7 out of 5 stars, based on 3,019 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
3.0
Jan 22, 2015

Inside Sales

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great people to work with for the most part, relatively fun atmosphere.

Cons

To many changes within the company that aren't to the benefit of the customers and employees most of the time. No longer a focus on hiring the best talent, is turning into a burn and churn type of position. Pay is not good despite what your told in the interview process. They tell you people are making lots of money, but it is a select few. They changed the ways people can make money because apparently they we were making to much.

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CoStar Group Response
11y
Thanks for your feedback, we take reviews like yours very seriously as we assess areas for improvement within CoStar Group. We have received additional feedback on management style in the past, and are currently taking steps to make sure everyone feels they are able to manage and be managed well. Our sales representatives receive a base pay and commission for the deals they close. Inside Sales is often used as a jumping off point for representatives who don’t have a lot of sales experience yet – many of our strongest account executives in the field started in Inside Sales. Inside Sales has also been a place where members of other departments have been able to start their sales career, and move on from there.
3.0
Jan 20, 2015
Recommend
CEO approval
Business Outlook

Pros

CoStar invests a lot into training their new hires. You will get a solid month of training before hitting the floor. Some continued training is offered as well for those interested. Swanky HQ office, really nice. Free healthy snacks are great! People there are pretty awesome; mostly a young, energetic workforce.

Cons

Bonuses are quite limited, even though you will get something each quarter. Upward mobility is rather limited as most managers are hired externally now. Metrics can be strict, but if you work hard, you are generally recognized and rewarded.

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CoStar Group Response
11y
We have heard similar opinions from researchers before regarding call volume, and we have moved away from measuring call volume as a key metric in the past year. While phone conversations are the best way to develop relationships with clients and confirm information, at the end of the day we want quality over quantity. In order to maintain our standard for unparalleled information, our researchers have to be able to work efficiently – we appreciate our hard-working research staff and want to recognize those that go above and beyond. CoStar Group makes a point to reward our hard-working researchers with the additional compensation they deserve. Quarterly bonuses in Research are structured so all researchers receive a bonus unless they are on a corrective action plan or have just come out of training. The size of the bonus is determined by the researcher’s manager on an individual basis, with overall performance for the quarter taken into account. While management positions don’t open up very often, we see the value in our experienced researchers and in 2014 promoted more managers internally than we hired externally. Research now offers two distinct career paths, one aimed at analytic expertise and the other aimed to move into a management position. Outside of the career paths provided for researchers, CoStar Group enjoys helping to further the careers of our researchers, and often look internally to fill open positions in other departments. Former researchers can be found throughout the company, including Sales, Accounting, Human Resources, etc. Best of luck to you in the future, and thanks for the feedback!
1.0
Jan 20, 2015
Recommend
CEO approval
Business Outlook

Pros

Good benefits. Young coworkers - you can make some great friends. However, the new hires are increasingly serious, all-business, nerdy types. Free food to sustain you and supplement your meager earnings.

Cons

I worked at CoStar for over 2 years. There have been a number of changes over that time, but they were largely misguided. The company is more interested in improving their outside appearance and increasing ratings on glass door than they are in enhancing the satisfaction of actual employees. Don't be fooled. While the number of promotions skyrocketed over the past year or so, the process lacked transparency and more than half of the researchers in the DC office were promoted on the same day. Clearly, this round of promotions was in the works for awhile, but was kept under the radar before and after the decisions were made. Those that weren't promoted had no idea that a bunch of their coworkers were, and when it finally came to light, employees who had been left out were given no explanation. It was TOTALLY ARBITRARY. The "metrics" that everyone complains about have become so unclear that they can be used in any which way to back up a promotion or lack there of. If you didn't get promoted, it was because of your "metrics". But supposedly there was less emphasis on the metrics at this point and they were no longer the sole indicator of performance? Even if you accept the "metrics" as a valid justification, the metrics had changed so many times by then that no one even knew what they were. Not surprisingly, when I asked my manager to show me something more substantial that indicated my sub-par numbers, like a report or something tangible, he/she could not produce anything. Promotions and bonuses are not based on quality of work, amount of work, or even metric numbers - managers do whatever they want and use the phantom metrics to back up their decision either way. The company claims to have opened the lines of communication to show the employees "that their opinions matter." That's a joke. Keep your mouth shut and your opinions to yourself if you want to keep your job. Supposedly managers are now receiving training to develop their relationships and rapport with their employees so "both are able to continue growing in their work." That's a bigger joke. Passive aggressive e-mails are the name of the game. HR likes to play the "neutral" card when it comes to office conflicts and employee concerns, but in reality they are always on the side of management. The name "human resources" is ironic - they are more "inhumane" than "human" and only resources if you're looking to get fired.

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CoStar Group Response
11y
We appreciate the feedback, candid reviews like yours help us to see the opportunities in the work we are currently doing to improve the workplace. But I want to stress that our employees’ opinions do matter – we have anti-retaliation policies and do not reprimand or fire employees for providing constructive feedback. Some changes, like making sure researchers, managers and directors understand the role of measuring quality of information put in, are a work in progress. The structure for promotions has changed recently due to the creation of a new career path for researchers, now able to choose a more analytic path. Promotions to next level roles involve demonstrating quality of work, nomination from a manager and, in the case of Senior Research Associates and the new Market Analyst role, an application process to ensure the job suits the researcher right. Because part of the career path relies on the individual’s decision of what they would like to do, promotions also require the motivation and vocalization of the researcher.
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