CoStar Group reviews

2.7

34% would recommend to a friend

(3,014 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 3,014 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
Aug 13, 2012
Recommend
CEO approval
Business Outlook

Pros

Fast-paced office atmosphere, clearly set targets, decent benefits, good starting salary, great coworkers. This is gives you a real lesson of how bustling corporate America is. Employees are assigned markets and depending on which market you have will determine your success. However, for those who think that because you are in a stagnant market, that you will be forgotten about I simply untrue. Your achievements are recognised and you will be placed on a better market or move up in the company. The salary and benefits are good considering how tough the economy is right now. Employees should appreciate this a little more and just get on with the work. You are not going to get your dream job 5 minutes after you graduate. You need to learn to pay your dues. Every career has its tough beginnings and you need to grind it out and stop complaining. Think of it as a step to something better.

Cons

Sudden deadly micromanagement. Grey area of quantity and quality, big brother atmosphere, destructively competitive. The company just acquired its biggest competitor, Loopnet, and with it came back-breaking overtime, and tasks that drain the energy out of you. For those who are hired in the next few months, this is not Research, it's fishing round the country for new listings and getting yelled at by people who have no use for Costar marketing. I feel in a lot of ways that I was duped into my position as I did not feel that a lot of the work I did could be described as research. It really is glorified telemarketing that requires good communication skills with brokers and owners of CRE. However, that was an area that I improved on as I was not initially comfortable with communication via telephone. Finally a company that prides itself on the quality of its idea should take a real look at its employees. People at costar love to cut corners in ways to improve their metrics, just like bankers cut corners to increase their bonuses, and so with it, I have seen plenty examples of incorrect or miscellaneous data. And with the looney acquisition, the company's sudden strive for new listings will also take an effect on data as the workers are being treated like slaves and so do not care about the data they enter.

1.0
Aug 8, 2012

Research Manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Establishing friendships with the other people in the building who made the same mistake as you....taking the job there.

Cons

Right out of training, you 'll get on a team and your ready to start working. From the moment you make eye contact with your teammates, you realize that they are extremely unhappy. Do you remember in Pinnochio where he thinks he's going to Pleasure Island but then realizes it's a trap and everyone's being turned into donkeys? You'll feel the EXACT same way after a week of being on the floor. You are only one thing to the owner and senior management: A warm body. I'm pretty sure they'd hire zombies to do the job if they actually existed. Unfortunately, you're worthless to them. I used to think I had a career there. I really did. I was wrong. When it comes to CoStar, the grass is greener on the other side.

2.0
Jul 27, 2012
Recommend
CEO approval
Business Outlook

Pros

EXCELLENT benefits (health, dental, vision). Substantial starting for salary for entry-level research/sales. Ample paid vacation/sick/personal time. Great place to gain office experience. On-site employee fitness room. Free coffee, fruit, granola, oat meal, orange/apple juice, yogurt, and veggie cups provided daily to fuel its employees. Discount/Occasional complimentary tickets to special events (concerts, sporting events, etc.) If you have interest in commercial real estate, this is a great place to start.

Cons

HEAVY performance-metric environment... Calls are recorded, monitored, and evaluated based on your ability to capture real estate information that many contacts are not willing to provide. At times, quantity overrules quality. The metrics are a double-edged sword, promoting productivity while also rushing and fear-mongering the research process. This leads to a painfully low employee morale and drains much enjoyment out of the research process. Success and growth are greatly determined by your ability to collect info of the activity in your research market (leases, sales, new properties available). If you're researching a stagnant market with less activity or one where CoStar Group has not yet established substantial clientele, your numbers will suffer. Employee turnover rate has remained high, both from dissatisfied employees like myself or those unable to meet the demanding standards. As a former employee, my reasons for leaving were personal. I don't function at my best in an office environment, especially one so numbers driven. Make no mistake, this is a truly entry-level position. The pay is substantial as are the benefits for a reason... The job is not enjoyable. More often than not, the work is stressful, demanding, and soul-sucking. It's not for everyone. If nothing else, it's an ideal place to develop office experience.

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Glassdoor has 3,106 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.