CoStar Group Career Overview | Glassdoor

CoStar Group Overview

Washington, DC
1001 to 5000 employees
1987
Company - Public (CSGP)
Information Technology
$500 million to $1 billion (USD) per year
CoStar is where passion, creativity, and a drive for results come together to influence the way the $17 trillion commercial real estate industry does business.

Our suite of online services enables clients to analyze, interpret and gain unmatched insight on ... Read more

CoStar Group – Why Work For Us?


 We’re CoStar Group. For 30 years we’ve made it a priority to help our employees achieve their best. From accounting and research, to marketing and product development, we know our success is reflected in in the success of the people that make CoStar tick. We are constantly reinventing the way commercial real estate professionals access and use data and want you to play a part in our continued innovation and growth. As you consider your career options, please keep us on your short list. You’ll find we have a great story to tell, and we’re eager to hear yours.

 Since 1987, CoStar has specialized in conducting intensive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of digital services enables our clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities.

 We are actively recruiting entry level and seasoned professionals across all of our offices, including locations in Richmond, Atlanta, Boston and our headquarters in Washington, DC. Join us!

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At CoStar we believe in working hard and playing hard. Our culture attracts and encourages the best and brightest in a broad range of disciplines. While we take our work seriously, we make plenty of time for fun. We support our employees’ professional and academic growth with internal training, tuition reimbursement and our inter-office exchange program. We also kick back with happy hours, rooting for local sports teams and events on the deck at our headquarters.

Working at CoStar is about more than having a job – it’s about having a career. CoStar employees regularly enjoy long tenures here, advancing to more senior positions within specific departments or taking advantage of opportunities to sample roles in widely different areas of the company. Additionally, about 5% of our current employees are rehires; CoStar alumni who have returned after leaving the company for a period of time.

Our culture is people

Over the last 20+ years, we’ve made sure to build a team and a culture that people want to be a part of. By creating an engaging, dynamic, and healthy environment to work in, we’ve built a team that wants to work together to achieve their goals and the goals of our company.

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We team up to give back

When good people come together, great things happen. We’ve always worked to provide our employees social outlets and opportunities to help the community, building a team spirit that stretches far beyond real estate.


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At CoStar we strive to provide our people with happy careers, and it starts with the right combination of great benefits and an even greater atmosphere. Working for CoStar means being rewarded with a variety of health and lifestyle benefits designed to give you the resources to build a stronger, healthier future.

 CoStar Benefits (most benefits are subsidized or paid for by the company):

  • Health Coverage -- Medical/Prescription Drug/Dental/Vision
  • Life and Accidental Death & Dismemberment (AD&D) Insurance
  • Voluntary Life Insurance
  • Disability Insurance
  • Health Care and Dependent Care Flexible Spending Accounts
  • 401(k) Retirement Plan with a matching contribution
  • Employee Stock Purchase Plan
  • Paid Time Off (Vacation, Personal Days, Sick Leave, Holidays, Parental Leave, Wedding Leave)
  • Tuition Reimbursement
  • Employee Assistance Program (EAP)
  • Generous Commuter Benefits program

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We strive to create a healthy and fun environment packed with enough amenities and extras to keep you working strong. We believe in the health and vitality of our employees and will support you in the following ways:

  • Business Casual Dress
  • Fitness Center/Fitness Center Discounts
  • Wellness Program
  • Complimentary coffee, tea, hot chocolate, fresh fruit, yogurt and granola bars!

Richmond, Virgnia Research Headquarters

Discover opportunities that power million dollar decisions every day. We’re looking for smart and talented people to join our research operations team in Richmond, Virginia. Our new Richmond research headquarters office offers you a chance to make your mark while enjoying compensation and benefits reflective of the value that our research and software development teams deliver to our clients. Explore Richmond opportunities

Research

We are the No. 1 provider of information and marketing services to commercial real estate professionals in the United States and the United Kingdom and our suite of services offers the most up-to-date and comprehensive database of commercial real estate information throughout the U.S. and abroad. 

Clients depend on us for the most accurate commercial real estate information available, and in turn, we depend on our teams to deliver. Our experienced research group is the largest in the industry, divided into two groups: field researchers and research associates.

Field Research

Our field researchers are out on the streets verifying, photographing, measuring and monitoring available space, deliveries, new construction, dispositions, tenant changes and all other applicable property activities.

Research Associates

Our team of associates manages our databases as well as interview brokers, owners, property managers and others who are instrumental in making commercial property deals. Our specialist’s track conditions and monitor market health like cap rate, absorption, vacancies and rental rates.

Sales

Our sales team thrives by providing information and marketing support to solve solutions for our clients while increasing sales. CoStar’s sales division is responsible for growing revenue through the sales of our marketing and informational products to subscribers and non-subscribers within a specific geographic territory and by managing an existing book of business. Each Account Executive is provided with the in-depth training, tools and support they need to help them grow the business.

Technology

Our technology group runs the systems that make us the leader in the industry. We are responsible for one of the most comprehensive and accurate databases of commercial properties in the U.S. and U.K. This provides us with unmatched clarity and insight into the market as our advanced systems are constantly updated, changing and adapting to industry needs.

We are continually developing and releasing enhancements to our products to ensure our clients have the best possible experience. CoStar’s technology group is always innovating to develop the next application.

More than one path to a great career

Each employee’s career is an individual adventure. What’s so fantastic about a CoStar career is that you can set your own pace for personal advancement thanks to our promote-from-within philosophy.

If you’re interested in a Research position, your career starts on the Portfolio or Field Research path. Each of these paths offer growth within itself and to other paths (see links). Or you may explore opportunities in:

  • Sales
  • Customer Service
  • Human Resources
  • Marketing
  • Accounting/Finance
  • Facilities
  • Legal
  • Product/Development Systems

No matter what your aspirations, CoStar knows smart career development recognizes not all individuals want to be people managers. Success here comes in many different forms, whether you seek enrichment in your present assignment or at a managerial level. If you have a proven customer service attitude, self motivation and the ability to think on your feet, your future is bright at CoStar.


CoStar Group Reviews

2.4
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CoStar Group President, CEO, and Director Andrew C. Florance
Andrew C. Florance
472 Ratings
  • Helpful (22)

    "Glorified Call Center"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Associate in Washington, DC
    Former Employee - Research Associate in Washington, DC
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at CoStar Group full-time (Less than a year)

    Pros

    They offer paid training and modern facilities. There is free food (fruits, salad, snacks, etc.). Great opportunity for new college students with no experience and little money for lunch.

    Cons

    There is a lot of misconceptions about the research associate position. They do tell you in the interview that you will be making phone calls to your account. They in no way, shape, or form, tell you that calling is your only job function. They require you to make twenty, 90 second calls per day to a portfolio of people that you call everyday. Overall, they expect 80 calls per day and only 20 have to count. Think outbound telemarketer. They then publically display your call stats and rank you amongst your peers. The turnover rate is very high as people soon realize that they did not just spend an astronomical amount of money on school to work at an outbound call center collecting real estate data. It's literally a revolving door at CoStar. Don't expect to be able to transfer your skills unless you are looking at other call center opportunities. Also, the salaries for a Research Associate are a flat rate. There is zero room for negotion. So if you have a Masters and work experience, you make just as much as a fresh college grad with zero experience. It is definitely a degrading feeling to know that they do not value your education or experience. Also, they do not pay based on locality so those in major markets make less than the rural areas.

    Advice to Management

    Pay should be based on locale, not because the building is new. There is no reason that those living in Richmond, VA should make $10k more than Washington, DC. The cost of living is higher in DC and you should be ashamed.

See All 760 Reviews

CoStar Group Photos

CoStar Group photo of: Several students and teachers from nearby Strong John Thomson Elementary School to pick up $2,500 in new school supplies!
CoStar Group photo of: District of Columbia Mayor Vincent C. Gray presented CoStar Group with a 2013 Mayor’s Sustainability Award.
CoStar Group photo of: TEAM TORONTO: Research associates and managers responsible for building a database from scratch, one that now has details on more than 1.3 billion square feet in 55,000 properties.
CoStar Group photo of: Panoramic View from 7th Floor Overlooking Richmond
CoStar Group photo of: Washington, DC Office
CoStar Group photo of: Members of the team post during the Semper Fi 5k in June
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CoStar Group Interviews

Experience

Experience
45%
27%
26%

Getting an Interview

Getting an Interview
57%
13%
12%
10
2
2
0

Difficulty

2.5
Average

Difficulty

Hard
Average
Easy
  1. Helpful (1)  

    Research Associate Interview

    Anonymous Employee in Washington, DC
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. I interviewed at CoStar Group (Washington, DC).

    Interview

    Initially had a phone screen with a recruiter after I submitted a resume. Average phone screen, asked about back ground, asked about expected salary. Scheduled interview for one week later.

    First, met with a current research associate and went over her day to day. Listened to a few calls that she made and then made a mock call of my own to another associate about. For the call the you are given a script to read off of. Next, met with two managers. Pretty standard interview. Reviewed my resume and background, asked why Costar, why real estate. Standard. At the end met with the VP of Research, closed with a recap and any questions I may have.

    Interview Questions

See All 253 Interviews

CoStar Group Awards & Accolades

  • Workplace Excellence Award, Alliance for Workplace Excellence, 2012
  • Health & Wellness Trailblazer Award, Alliance for Workplace Excellence, 2012
  • The Post 200, Washington Post, 2011
  • Social Media Newcomer of the Year, Tenant Advisor/CRE Geek, 2011
  • America's 200 Best Small Companies, Forbes, 2009
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