Cushman & Wakefield Names CoStar Group as National CRE Data Provider in Canada
CoStar Group, a leading provider of online real estate marketplaces and analytics, has announced an agreement with Cushman & Wakefield to be its primary commercial real estate information provider in Canada. This partnership will give Cushman & Wakefield's 600 Canada-based employees access to CoStar's comprehensive data and analytics platform, covering properties across various sectors in major Canadian cities.
The collaboration aims to enhance Cushman & Wakefield's research capabilities, helping brokers better serve clients, close more deals, and increase commissions. CoStar's platform offers direct access to property data, enabling quick outputs for professionals and clients. The partnership aligns Cushman & Wakefield's Canadian professionals with their U.S. counterparts, who have been using CoStar's services for over two decades.
CoStar Group maintains a strong presence in Canada, tracking data on over 300,000 properties with a team of 80+ dedicated researchers. This agreement further solidifies CoStar's position as the preferred data source among leading commercial real estate brokerage firms in Canada.
CoStar Group, un fornitore leader di marketplace immobiliari online e analisi, ha annunciato un accordo con Cushman & Wakefield per diventare il suo principale fornitore di informazioni sugli immobili commerciali in Canada. Questa partnership permetterà ai 600 dipendenti di Cushman & Wakefield in Canada di accedere alla piattaforma di dati e analisi completa di CoStar, che copre le proprietà in vari settori nelle principali città canadesi.
La collaborazione mira a migliorare le capacità di ricerca di Cushman & Wakefield, aiutando i broker a servire meglio i clienti, chiudere più affari e aumentare le commissioni. La piattaforma di CoStar offre accesso diretto ai dati sulle proprietà, consentendo rapidi output per professionisti e clienti. La partnership allinea i professionisti canadesi di Cushman & Wakefield con i loro omologhi statunitensi, che utilizzano i servizi di CoStar da oltre due decenni.
CoStar Group mantiene una forte presenza in Canada, monitorando i dati su oltre 300.000 proprietà con un team di oltre 80 ricercatori dedicati. Questo accordo rafforza ulteriormente la posizione di CoStar come fonte di dati preferita tra le principali aziende di intermediazione immobiliare commerciale in Canada.
CoStar Group, un proveedor líder de mercados inmobiliarios en línea y análisis, ha anunciado un acuerdo con Cushman & Wakefield para ser su proveedor principal de información sobre bienes raíces comerciales en Canadá. Esta asociación brindará a los 600 empleados de Cushman & Wakefield en Canadá acceso a la plataforma de datos y análisis integral de CoStar, que cubre propiedades en varios sectores en las principales ciudades canadienses.
La colaboración tiene como objetivo mejorar las capacidades de investigación de Cushman & Wakefield, ayudando a los corredores a servir mejor a los clientes, cerrar más acuerdos y aumentar las comisiones. La plataforma de CoStar ofrece acceso directo a los datos de las propiedades, lo que permite resultados rápidos para profesionales y clientes. La asociación alinea a los profesionales canadienses de Cushman & Wakefield con sus contrapartes estadounidenses, que han estado utilizando los servicios de CoStar durante más de dos décadas.
CoStar Group mantiene una fuerte presencia en Canadá, rastreando datos de más de 300,000 propiedades con un equipo de más de 80 investigadores dedicados. Este acuerdo refuerza aún más la posición de CoStar como la fuente de datos preferida entre las principales firmas de corretaje de bienes raíces comerciales en Canadá.
코스타 그룹(CoStar Group)은 온라인 부동산 시장과 분석을 제공하는 선도업체로, Cushman & Wakefield와 캐나다의 주요 상업 부동산 정보 제공자가 되기 위한 협정 발표했습니다. 이번 파트너십을 통해 캐나다에 있는 600명의 Cushman & Wakefield 직원들은 다양한 부문에 걸쳐 캐나다 주요 도시의 부동산에 대한 포괄적인 데이터와 분석 플랫폼인 CoStar에 접근할 수 있게 됩니다.
이 협력은 Cushman & Wakefield의 연구 능력을 향상시키고, 중개인들이 고객에게 더 나은 서비스를 제공하고, 거래를 더 많이 성사시키며, 수수료를 늘리는 데 도움을 주는 것을 목표로 합니다. CoStar의 플랫폼은 부동산 데이터에 직접 접근할 수 있도록 하여 전문직과 고객을 위한 신속한 결과를 제공합니다. 이 파트너십은 Cushman & Wakefield의 캐나다 전문가들을 20년 이상 CoStar의 서비스를 이용해온 미국 동료들과 연계시킵니다.
코스타 그룹은 캐나다 내에서 300,000개 이상의 부동산 데이터 추적하며 80명 이상의 전담 연구팀을 운영하고 있습니다. 이 협정은 CoStar가 캐나다의 주요 상업 부동산 중개업체들 사이에서 선호되는 데이터 출처로서의 위상을 더욱 강화합니다.
CoStar Group, un fournisseur de premier plan de places de marché immobilières en ligne et d'analyses, a annoncé un accord avec Cushman & Wakefield pour devenir son principal fournisseur d'informations sur l'immobilier commercial au Canada. Ce partenariat offrira aux 600 employés basés au Canada de Cushman & Wakefield un accès à la plateforme de données et d'analyses complète de CoStar, couvrant des propriétés dans divers secteurs des principales villes canadiennes.
La collaboration vise à améliorer les capacités de recherche de Cushman & Wakefield, aidant ainsi les courtiers à mieux servir leurs clients, à conclure davantage de transactions et à augmenter leurs commissions. La plateforme de CoStar permet un accès direct aux données immobilières, ce qui permet des résultats rapides pour les professionnels et les clients. Ce partenariat aligne les professionnels canadiens de Cushman & Wakefield avec leurs homologues américains, qui utilisent les services de CoStar depuis plus de deux décennies.
CoStar Group maintient une forte présence au Canada, suivant les données de plus de 300 000 propriétés avec une équipe de plus de 80 chercheurs dédiés. Cet accord renforce encore la position de CoStar en tant que source de données privilégiée parmi les principales entreprises de courtage immobilier commercial au Canada.
Die CoStar Group, ein führender Anbieter von Online-Immobilienmarktplätzen und Analysen, hat eine Vereinbarung mit Cushman & Wakefield bekannt gegeben, die als Hauptanbieter von Informationen über gewerbliche Immobilien in Kanada fungieren soll. Diese Partnerschaft ermöglicht es den 600 in Kanada ansässigen Mitarbeitern von Cushman & Wakefield, auf die umfassende Daten- und Analyseplattform von CoStar zuzugreifen, die Immobilien in verschiedenen Sektoren in wichtigen kanadischen Städten abdeckt.
Die Zusammenarbeit zielt darauf ab, die Forschungskapazitäten von Cushman & Wakefield zu verbessern, Broker dabei zu helfen, Kunden besser zu bedienen, mehr Geschäfte abzuschließen und Provisionen zu erhöhen. Die Plattform von CoStar bietet direkten Zugang zu Immobiliendaten, was schnelle Ergebnisse für Fachleute und Kunden ermöglicht. Die Partnerschaft bringt die kanadischen Fachkräfte von Cushman & Wakefield mit ihren US-amerikanischen Kollegen in Einklang, die die Dienstleistungen von CoStar seit über zwei Jahrzehnten nutzen.
Die CoStar Group hat eine starke Präsenz in Kanada und verfolgt Daten von über 300.000 Immobilien mit einem Team von mehr als 80 dedizierten Forschern. Diese Vereinbarung stärkt die Position von CoStar als bevorzugte Datenquelle unter den führenden Unternehmen im gewerblichen Immobilienmaklergeschäft in Kanada.
- Expansion of CoStar's services to Cushman & Wakefield in Canada, potentially increasing revenue
- Strengthening CoStar's position as the preferred data source among leading CRE brokerage firms in Canada
- Potential for increased user base with access granted to 600 Canada-based Cushman & Wakefield employees
- Enhanced market presence in Canada, tracking data on over 300,000 properties
- None.
Insights
This partnership between CoStar Group and Cushman & Wakefield in Canada is a significant development in the commercial real estate (CRE) data industry. It strengthens CoStar's position as the dominant CRE data provider in Canada, now serving all but one major brokerage firm. For CoStar, this deal likely means:
- Increased revenue from Cushman & Wakefield's 600 Canada-based employees
- Enhanced data quality through access to Cushman & Wakefield's proprietary information
- Stronger market position and competitive advantage in Canada
For investors, this news indicates CoStar's continued growth and market penetration in Canada, potentially leading to increased long-term value. However, the immediate financial impact may be , as Canada represents a smaller market compared to CoStar's U.S. operations. The deal reinforces CoStar's strategy of partnering with major CRE firms to solidify its market leadership, which has been a key driver of its success in the past.
While specific financial terms weren't disclosed, this deal likely represents a positive revenue stream for CoStar Group. With 600 new users from Cushman & Wakefield in Canada, we can estimate a potential annual revenue increase in the range of
- Expands CoStar's international footprint
- Creates cross-selling opportunities for other CoStar products
- Enhances network effects, making CoStar more valuable to all users
Investors should view this as a long-term positive, reinforcing CoStar's moat in CRE data. The stock may not see an immediate impact, but this deal contributes to CoStar's sustained growth trajectory and market dominance strategy.
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 will serve as Cushman & Wakefield’s national property data source in
“We’ve worked with Cushman & Wakefield’s professionals in
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,
CoStar Group maintains a robust presence in
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
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
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
Source: CoStar Group
FAQ
What is the new agreement between CoStar Group (CSGP) and Cushman & Wakefield in Canada?
How will the partnership with CoStar Group (CSGP) benefit Cushman & Wakefield's operations in Canada?
What services will CoStar Group (CSGP) provide to Cushman & Wakefield in Canada?
How extensive is CoStar Group's (CSGP) presence in the Canadian market?
