This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CoStar Introduces Powerful Commercial Real Estate Analytics In CoStarGo(R) 2.0

Stocks in this article: CSGP

WASHINGTON, Oct. 14, 2013 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the primary provider of websites for commercial real estate information, analytics and marketing services, today introduced CoStarGo 2.0, the newest and most advanced version of its revolutionary iPad® app for commercial real estate.

The new CoStarGo 2.0 combines mobile access to CoStar's extensive property and market data, sale comparables and tenant information with a powerful, fully integrated set of property and market analysis tools. For the first time, CoStarGo 2.0 makes it possible for real estate professionals to analyze key market indicators, such as vacancy rates, rental rates, absorption, leasing activity, sales prices, cap rates, probability of leasing and more, and make the information available precisely when it is needed – while meeting with lenders or investors or while touring a market or a site with clients.

"The most powerful analytics for commercial real estate are now available on CoStarGo," stated CoStar Group Founder and CEO Andrew C. Florance. "Commercial real estate brokers were amazed by the first release of CoStarGo in 2011, and they have been enjoying its tremendous mobility and productivity benefits. We believe owners, lenders and institutional investors will be equally amazed by the instant insight they will gain from the powerful analytic tools in this new release."

CoStar believes CoStarGo 2.0 is the first mobile app that presents detailed analytic information on individual and groups of properties around the user's current location, providing an instant snapshot of current trends for the properties the user is viewing. Users can zoom in or out to change the properties onscreen, and CoStarGo 2.0 automatically adjusts to analyze the specific area or set of properties being viewed.

The sophisticated real estate analytics in CoStarGo 2.0 also make CoStar's iPad® app more valuable for a broader range of real estate professionals. Building owners can use CoStarGo 2.0 to compare rental rates in their buildings with competitive spaces and determine the probability that a block of available space will be leased over time. Investors can benchmark sales and leasing activity in their portfolios against the broader market, and monitor key market trends to make buy/sell/hold decisions. Lenders can analyze property values based on recent sale comps and check current pricing where they are underwriting loans.

Key Features in the New CoStarGo 2.0:

-The Most Advanced Analytics for Commercial Real Estate, Now in a Mobile App: CoStarGo 2.0 provides access to data on current vacancy and available space, absorption, rental rates, sale prices, cap rates, existing and under construction inventories - all available for users to analyze and gain insight on supply/demand dynamics, property forecasts, rental rate and property valuation trends, under construction levels, and much more. Instead of relying on partial surveys or market-wide, 'canned' reports that may or may not reflect actual conditions in a specific location, CoStarGo 2.0 users can take advantage of CoStar's depth of information to analyze the specific location, property type or asset they want, when they want it.

-Fully Integrated, Responsive Analysis Supporting Macro and Micro Views: Users can take advantage of the convenient zoom in and out feature of the iPad® to expand or focus analysis on the fly. Zoom in to analyze a specific location or set of properties. Zoom out to get the 'big picture' and analyze an entire market or submarket. CoStarGo 2.0's fully integrated analytics automatically adjust to the properties onscreen, providing unmatched flexibility for customizing analysis for specific needs.

-New Lease Analysis Feature Analyzes How Long Available Space will be On the Market: CoStarGo 2.0 is the first CoStar product to include a new feature that analyzes leasing activity and recent lease transactions to project how long available space will remain on the market.  

-Vivid Analytic Charts and Graphs: CoStarGo 2.0's advanced data modeling displays analytic results in bright, easy-to-read charts and graphs that provide a clear understanding of a specific building's performance or the current trends shaping the market.

CoStarGo 2.0 is fully compatible with iOS 7 and is available for download at the Apple App Store at no charge to subscribers of CoStar's professional suite of online products -- CoStar Property Professional®, CoStar Tenant® and CoStar COMPS®.

About CoStar Group, Inc.

CoStar Group (Nasdaq:CSGP) is the primary provider of websites for commercial real estate information, analytics and marketing services. 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. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 7 million registered members. CoStar operates websites that have over 9 million unique monthly visitors in aggregate. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 2,000 worldwide, including the industry's largest professional research organization. For more information, visit .

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar'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. The following factors, among others, could cause or contribute to such differences: the risk that the use and users of, and reaction to, CoStarGo are not as expected and stated in this release; the risk that actual results in the market differ from the projections and other forward-looking data provided by CoStarGo; the risk that users do not realize the benefits expected and as stated in this release; and the risk that other, competing applications are in the market or will enter the market. 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 CoStar's Annual Report on Form 10-K for the year ended December 31, 2012, and CoStar's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, under the heading "Risk Factors" in each of these filings. 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.  iPad® is a registered trademark of Apple, Inc.

         Mark Klionsky
         (202) 623-5252

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs