Global commercial real estate services firm
joins the list of thousands of brokerage firms around the world
choosing the global leader in CRE information, analytics and news
to best serve their brokers and clients
CoStar Group (NASDAQ: CSGP), a leading provider of online real
estate marketplaces, information and analytics in the property
markets, today announced an agreement with Cushman & Wakefield,
one of the world’s largest commercial real estate services firms,
for its services in Canada. Cushman & Wakefield has chosen
CoStar to be its primary commercial real estate information
provider in Canada – connecting CRE professionals with up to date,
verified information on properties across markets, including lease
and sales comps, for sale and for lease listings, tenants,
occupancies, concessions, high-quality visual content, news and
market and submarket analytics. The partnership bolsters Cushman
& Wakefield’s research capabilities to help brokers better
serve their clients, close more deals and earn more
commissions.
CoStar will serve as Cushman & Wakefield’s national property
data source in Canada, supplementing the proprietary data collected
and managed through the firm’s internal database. CoStar is the
preferred source for data among all but one leading commercial real
estate brokerage firm in Canada. Cushman & Wakefield’s 600
Canada-based employees will now have access to the largest and most
comprehensive global commercial real estate data and analytics
platform, with insights on properties and spaces across office,
industrial, retail, multifamily, hotel and life sciences
nationally, including in Toronto, Vancouver, Calgary, Ottawa,
Montreal and Edmonton.
“We’ve worked with Cushman & Wakefield’s professionals in
the United States for over 30 years and we’re thrilled to have the
opportunity to expand our partnership in Canada,” said Andy
Florance, Founder and Chief Executive Officer of CoStar Group.
“Together, CoStar will help Cushman & Wakefield's talented
brokers do more deals and generate higher commissions. We believe
access to CoStar will allow them to better serve their clients,
generate more leads, increase commissions, uncover new listing
opportunities and boost productivity for Cushman & Wakefield’s
growing team in Canada. Our goal is to streamline processes and
build advanced technology to allow brokers and clients to succeed,
and we are looking forward to seeing what we will accomplish
together with one of the largest commercial real estate firms in
the world.”
CoStar’s platform offers brokers, professionals and users direct
access to property data enabling quick outputs for the needs of
Cushman & Wakefield’s professionals and clients. CoStar equips
an in-depth suite of services that will benefit Cushman &
Wakefield users, including the ability to generate property
surveys, search tenant and owner data by property, and search
across property types and geographies.
“Our relentless pursuit of excellence at Cushman & Wakefield
drives our team to consistently seek tools that can maximize
productivity, efficiency and collaboration,” said Allison
Marsales, President, Advisory, Canada, Cushman & Wakefield.
“Expanding our existing partnership with CoStar delivers several
benefits, including aligning our Canadian professionals with those
in the U.S., offering access to data across a multitude of property
types and allowing our teams to work more efficiently. Bringing
this platform, which we have used in the U.S. for more than two
decades, to our Canadian teams will allow us to better serve our
clients.”
CoStar Group maintains a robust presence in Canada, tracking
data, leases, listings, tenants, owners and analytics on over 300K
properties in the country with 80+ dedicated researchers. Last
year, it launched its flagship rental search tool, Apartments.com,
in Canada, and CoStar Group analysts consistently provide expert
commentary and analysis on the real estate industry in all major
Canadian markets.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a leading provider of online real
estate marketplaces, information, and analytics in the property
markets. Founded in 1987, CoStar Group conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of real estate information. CoStar is the global leader in
commercial real estate information, analytics, and news, enabling
clients to analyze, interpret and gain unmatched insight on
property values, market conditions and availabilities.
Apartments.com is the leading online marketplace for renters
seeking great apartment homes, providing property managers and
owners a proven platform for marketing their properties. LoopNet is
the most heavily trafficked online commercial real estate
marketplace with over twelve million monthly global unique
visitors. STR provides premium data benchmarking, analytics, and
marketplace insights for the global hospitality industry. Ten-X
offers a leading platform for conducting commercial real estate
online auctions and negotiated bids. Homes.com is the fastest
growing online residential marketplace that connects agents,
buyers, and sellers. OnTheMarket is a leading residential property
portal in the United Kingdom. BureauxLocaux is one of the largest
specialized property portals for buying and leasing commercial real
estate in France. Business Immo is France’s leading commercial real
estate news service. Thomas Daily is Germany’s largest online data
pool in the real estate industry. Belbex is the premier source of
commercial space available to let and for sale in Spain. CoStar
Group’s websites attracted over 183 million monthly average unique
visitors in the second quarter of 2024. Headquartered in
Washington, DC, CoStar Group maintains offices throughout the U.S.,
Europe, Canada, and Asia. From time to time, we plan to utilize our
corporate website, CoStarGroup.com, as a channel of distribution
for material company information. For more information, visit
CoStarGroup.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global
commercial real estate services firm for property owners and
occupiers with approximately 52,000 employees in nearly 400 offices
and 60 countries. In 2023, the firm reported revenue of $9.5
billion across its core services of property, facilities and
project management, leasing, capital markets, and valuation and
other services. It also receives numerous industry and business
accolades for its award-winning culture and commitment to
Diversity, Equity and Inclusion (DEI), sustainability and more. For
additional information, visit www.cushmanwakefield.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241001603856/en/
News Media: Matthew Blocher Vice President CoStar Group
Corporate Marketing & Communications (202) 346-6775 |
mblocher@costar.com
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