WASHINGTON, Nov. 9, 2016 /PRNewswire/ -- CoStar Group, Inc. (NASDAQ: CSGP) announced today the release of the Office Underwriting Report, a key new feature of CoStar Market Analytics, the market-leading analytics platform for commercial real estate owners, investors, lenders, and property managers.
The Office Underwriting Report delivers a comprehensive analytical view of the more than 700,000 office properties in CoStar's database. In addition to market and submarket trends and economic forecasting, the report includes peer property comparisons, sale or leasing analytics and comps, construction and historical data as well as narrative commentary on trends and five-year forecasts from CoStar's team of 90+ economists and analysts.
"We're streamlining the investment process—creating transparency and efficiency for commercial real estate owners, investors and lenders," said CoStar Founder and Chief Executive Officer Andrew Florance. "The ability to get this depth of insight for any office asset in a matter of seconds is unprecedented. Our team of local market analysts provides invaluable narratives and insights on economic trends directly impacting the subject property, allowing our clients to make better informed financial decisions."
CoStar Market Analytics has been widely adopted by commercial real estate investors, lenders, owners and appraisers. Since its introduction 18 months ago, thousands of subscribers have been leveraging the market and submarket reports and the largest database of commercial real estate properties with the most rigorously researched information in the market. CoStar's team of 1600 researchers collect and monitor their portfolio and provide their clients a competitive edge with the most accurate and up to date information in the market.
CoStar's commitment to creating transparency in the commercial real estate industry has helped professionals make informed decisions and better investments for the last 30 years.
For more information, please visit costar.com\marketanalytics.
About CoStar Group
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. LoopNet is the most heavily trafficked commercial real estate marketplace online with more than 10 million registered members. Apartments.com, ApartmentFinder.com and ApartmentHomeLiving.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Through an exclusive partnership with Move, a subsidiary of News Corporation, Apartments.com is the exclusive provider of apartment community listings across Move's family of websites, which include realtor.com®, doorsteps.com and move.com. CoStar Group's websites attracted an average of nearly 25 million unique monthly visitors in aggregate in the third quarter of 2016. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe and Canada with a staff of approximately 2,800 worldwide, including the industry's largest professional research organization. For more information, visit www.costargroup.com.
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SOURCE CoStar Group, Inc.