CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial
real estate information, analytics and online marketplaces, along with
JLL, has announced a five-year renewal of their agreement. JLL has again
chosen CoStar as its commercial real estate information provider in
Canada—connecting CRE professionals at one of Canada’s fastest-growing
commercial real estate firms with up-to-date, verified information on
properties across markets—including rent and sales comps, occupancies,
concessions, high-quality visual content and more.
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Pursuant to the agreement, JLL will continue to use CoStar Suite for
data requirements nationally, in Toronto, Vancouver, Calgary, Ottawa and
Edmonton. CoStar offers a searchable, inventory of properties and
commercial real estate spaces, including office, industrial, retail,
multifamily and land. Through the use of CoStar, JLL is able to track
critical information about relevant properties, including onsite details
as well as contact and historical information. JLL now has access to
newly offered sub-market analytics, underwriting and forecasting
services provided by CoStar.
“JLL was one of CoStar’s first clients in Canada, and we are proud to be
continuing and growing our 5-year long relationship,” stated CoStar
Canada Managing Director, Mark Ibbotson. “Through its use of CoStar
Suite, we believe JLL will continue to increase revenues and
productivity, develop business faster, serve clients better and earn
more commissions.”
One of JLL’s top priorities is the use of technology innovations to help
brokers identify smart opportunities and help clients take advantage of
them quickly. CoStar’s focus on innovation enables JLL maintain its
reputation as an early adopter of technology solutions while serving
clients better. CoStar Suite provides JLL brokers with the researched
information necessary to help them focus on client
relationships—eliminating extensive work associated with in-depth
property research.
“CoStar is a one-stop shop for JLL, that we believe saves us time and
money,” said Brett Elofson, Managing Director, National Tenant
Representation group, JLL Canada. “CoStar provides us a solid data
foundation, making our decision to use their suite of services an easy
one.”
About CoStar Group, Inc.
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. CoStar Real Estate
Manager provides real estate management and lease accounting solutions
for the Fortune 1000 marketplace. LoopNet is the most heavily trafficked
commercial real estate marketplace online with approximately 5 million
monthly unique visitors per month. Realla is the UK’s most comprehensive
commercial property digital marketplace. Apartments.com,
ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside
Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and
Apartamentos.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. CoStar Group’s websites
attracted an average of approximately 42 million unique monthly visitors
in aggregate in the fourth quarter of 2018. Headquartered in Washington,
DC, CoStar maintains offices throughout the U.S. and in Europe and
Canada with a staff of over 3,700 worldwide, including the industry’s
largest professional research organization.
For more information, visit www.costargroup.com.
About JLL
JLL (NYSE: JLL)
is a leading professional services firm that specializes in real estate
and investment management. Our vision is to reimagine the world of real
estate, creating rewarding opportunities and amazing spaces where people
can achieve their ambitions. In doing so, we will build a better
tomorrow for our clients, our people and our communities. JLL is a
Fortune 500 company with annual revenue of $16.3 billion, operations in
over 80 countries and a global workforce of over 90,000 as of December
31, 2018. JLL is the brand name, and a registered trademark, of Jones
Lang LaSalle Incorporated. For further information, visit jll.com
This news release includes “forward-looking statements” including,
without limitation, statements regarding CoStar’s and JLL’s
expectations, beliefs, intentions or strategies regarding the future.
These statements are based upon current beliefs and are subject to many
risks and uncertainties that could cause actual results to differ
materially from these statements, including the risk that the agreement
between the parties does not produce the expected results, including JLL
saving time and money and continuing to increase revenues and
productivity, developing business faster, serving clients better and
earning more commissions, as a result of its use of CoStar. More
information about potential factors that could cause actual results to
differ materially from those discussed in the forward-looking statements
include, but are not limited to, those stated in CoStar’s filings from
time to time with the Securities and Exchange Commission, including in
CoStar’s Annual Report on Form 10-K for the year ended December 31,
2018, which is filed with the SEC, including in the “Risk Factors”
section of that filing, as well as the CoStar’s other filings with the
SEC available at the SEC’s website (www.sec.gov).
All forward-looking statements are based on information available to
CoStar on the date hereof, and CoStar assumes no obligation to update
such statements, whether as a result of new information, future events
or otherwise.
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