What you make of it - Anonymous employee CoStar Group Employee Review

3.0
Aug 11, 2015
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You get to learn everything at a high level about commercial real estate. If you are really interested in real estate, finance, or economics, this is a great starting platform for your career in the field. That said, a lot of really stupid people are hired who are not interested in anything about real estate or economics, so they really bring the company down because the info they add sucks, and they are generally depressing. People from here end up at top investment funds, REITs, and developers. I did, and many of my friends have too. I've actually made some really good friends from here because it is a young environment and people have shared interests in real estate.

Cons

When I was there you had to meet arbitrary call minimums, which I can understand. Also, the managers are all your peers, so it makes for a unhealthy environment when a fellow 20 something is feeding you bs on why you did not get your bonus. ALSO, they mess the bonuses up a lot - be warned.

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CoStar Group Response
10y
Thank you for the feedback, we love hearing about our former employees who have gone on to work for top firms in the industry! Many of our employees are very interested in commercial real estate, and we work hard to give them the knowledge and skills to be able to work with top brokers and investors on a daily basis. There are some who simply don’t have the interest others do, and while it’s tough to reach them on a level that motivates their work, we are always working to increase our employee engagement. As we expand the breadth of our reach as a company, we encourage our researchers to be a part of the new initiatives and projects developing all the time that cover topics that weren’t previously a focus of the Research roles. And with a defined career path for employees, our senior research associates now receive training on management skills, to both provide them with the skills needed to effectively communicate with employees, as well as learn new business skills that aren’t necessarily real estate-specific. We are always working to provide more and better information for our clients. Many of the new initiatives in Research help to not only provide an more details, but having been a focus of a smaller team that works to become experts in the topic result in their ability to provide the client with more information, and serve as a strong source of information. Our bonus policy for Research has been redefined over the last year to help employees understand more and managers to communicate better. All researchers, unless on a corrective action plan, receive a quarterly bonus, and managers determine the amount allotted based on performance, with approval from higher level management.

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Pros

The opportunity to build skills and income.

Cons

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1.0
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Pros

This company makes a strong first impression during the interview and training process. Unfortunately, my experience after onboarding was very different. Decision-making is highly centralized, leaving employees with very little autonomy. The company emphasizes ethics and integrity, but my experience did not consistently reflect those values. Favoritism also appeared to play a significant role in how employees were treated and how decisions were made. HR presents itself as a resource for employees, but concerns often end with, “It will be up to your manager.” That can be frustrating when the issue involves your manager or requires an impartial review. CoStar has developed a reputation for these issues, and from what I experienced, it wasn’t always this way. A few years ago, the company at least appeared to prioritize its employees. Today, that commitment feels diminished. The return-to-office expectations can also be unreasonable. During severe weather, employees are still expected to report to the office even when many other companies in the area allow employees to work remotely for safety. Finally, performance expectations and metrics are frequently changed, making goals increasingly difficult to achieve. Combined with inconsistent communication from leadership, it creates an environment where employees often feel unsupported and uncertain about expectations.

Cons

Good Health Benefits for families and singles Decent pay

3
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