CoStar Group Partners with eXp Commercial to Provide Expanded Technology Suite
CoStar Group (NASDAQ: CSGP) has announced an enterprise agreement with eXp Commercial, a virtual commercial real estate brokerage subsidiary of eXp World Holdings (Nasdaq: EXPI). Through this partnership, eXp Commercial advisors will gain access to CoStar's comprehensive global real estate data and analytics platform, covering insights on properties across office, industrial, retail, multifamily, hotel, and life sciences sectors nationwide.
The collaboration aims to enhance eXp Commercial's cloud-based platform by providing their advisors with tools for property valuation, market condition analysis, and availability tracking. This integration is expected to support eXp Commercial's growth in the industry by enabling their advisors to make faster, more informed decisions through access to CoStar's solution-driven suite of services.
CoStar Group (NASDAQ: CSGP) ha annunciato un accordo di impresa con eXp Commercial, una filiale di intermediazione immobiliare commerciale virtuale di eXp World Holdings (Nasdaq: EXPI). Grazie a questa partnership, gli advisor di eXp Commercial potranno accedere alla completa piattaforma globale di dati e analisi immobiliari di CoStar, che copre approfondimenti su proprietà nei settori degli uffici, industriale, retail, multifamiliare, alberghiero e scienze della vita a livello nazionale.
La collaborazione mira a migliorare la piattaforma basata sul cloud di eXp Commercial fornendo ai loro advisor strumenti per la valutazione delle proprietà, l'analisi delle condizioni di mercato e il monitoraggio della disponibilità. Si prevede che questa integrazione supporterà la crescita di eXp Commercial nel settore, consentendo ai loro advisor di prendere decisioni più rapide e informate grazie all'accesso all'insieme di servizi orientati alle soluzioni offerti da CoStar.
CoStar Group (NASDAQ: CSGP) ha anunciado un acuerdo empresarial con eXp Commercial, una subsidiaria de corretaje inmobiliario comercial virtual de eXp World Holdings (Nasdaq: EXPI). A través de esta asociación, los asesores de eXp Commercial tendrán acceso a la completa plataforma global de datos y analíticas inmobiliarias de CoStar, que abarca información sobre propiedades en los sectores de oficinas, industrial, retail, multifamiliar, hotelero y ciencias de la vida a nivel nacional.
La colaboración tiene como objetivo mejorar la plataforma en la nube de eXp Commercial al proporcionar a sus asesores herramientas para la valoración de propiedades, análisis de condiciones del mercado y seguimiento de disponibilidad. Se espera que esta integración apoye el crecimiento de eXp Commercial en la industria, permitiendo a sus asesores tomar decisiones más rápidas e informadas a través del acceso a la suite de servicios orientados a soluciones de CoStar.
코스타 그룹 (NASDAQ: CSGP)은 eXp 월드 홀딩스 (Nasdaq: EXPI)의 가상 상업 부동산 중개 자회사인 eXp Commercial과 기업 계약을 발표했습니다. 이 파트너십을 통해, eXp Commercial의 상담사들은 코스타의 종합 글로벌 부동산 데이터 및 분석 플랫폼에 접근할 수 있게 됩니다, 이 플랫폼은 전국의 사무실, 산업, 소매, 다가구, 호텔 및 생명 과학 분야의 자산에 대한 통찰력을 포함합니다.
이 협력의 목표는 eXp Commercial의 클라우드 기반 플랫폼을 향상시키고 그들의 상담사들에게 자산 평가, 시장 조건 분석 및 가용성 추적을 위한 도구를 제공하는 것입니다. 이 통합은 eXp Commercial이 업계에서 성장할 수 있도록 지원하고, 상담사들이 코스타의 솔루션 중심 서비스 suite에 대한 접근을 통해 더 빠르고 정보에 기반한 결정을 내릴 수 있도록 할 것으로 기대됩니다.
CoStar Group (NASDAQ: CSGP) a annoncé un accord d'entreprise avec eXp Commercial, une filiale virtuelle de courtage immobilier commercial d'eXp World Holdings (Nasdaq: EXPI). Grâce à ce partenariat, les conseillers d'eXp Commercial auront accès à la plateforme mondiale complète de données et d'analyses immobilières de CoStar, couvrant les informations sur les propriétés dans les secteurs des bureaux, de l'industrie, du commerce de détail, des logements multiples, des hôtels et des sciences de la vie à l'échelle nationale.
Cette collaboration vise à améliorer la plateforme cloud d'eXp Commercial en fournissant à leurs conseillers des outils pour l'évaluation des biens, l'analyse des conditions du marché et le suivi de la disponibilité. Cette intégration devrait soutenir la croissance d'eXp Commercial dans le secteur en permettant à leurs conseillers de prendre des décisions plus rapides et plus éclairées grâce à l'accès à la suite de services axés sur les solutions de CoStar.
Die CoStar Group (NASDAQ: CSGP) hat eine Unternehmensvereinbarung mit eXp Commercial, einer virtuellen gewerblichen Immobilienmakler-Tochtergesellschaft von eXp World Holdings (Nasdaq: EXPI) angekündigt. Durch diese Partnerschaft erhalten eXp Commercial Berater Zugang zu CoStars umfassender globaler Immobilien-Daten- und Analyseplattform, die Einblicke in Immobilien in den Bereichen Büro, Industrie, Einzelhandel, Mehrfamilienhäuser, Hotels und Lebenswissenschaften landesweit bietet.
Die Zusammenarbeit zielt darauf ab, die cloudbasierte Plattform von eXp Commercial zu verbessern, indem den Beratern Werkzeuge zur Immobilienbewertung, zur Analyse von Marktbedingungen und zur Verfügbarkeitsverfolgung bereitgestellt werden. Es wird erwartet, dass diese Integration das Wachstum von eXp Commercial in der Branche unterstützt, indem sie es den Beratern ermöglicht, schnellere und fundiertere Entscheidungen zu treffen, indem sie Zugang zu CoStars serviceorientierten Lösungsangeboten erhalten.
- Strategic partnership expands CoStar's market reach through integration with a nationwide virtual brokerage
- Potential for increased revenue through enterprise-level service agreement
- Strengthens CoStar's position as a leading provider of commercial real estate data and analytics
- None.
Insights
This strategic partnership marks a significant expansion of CoStar's market presence in the commercial real estate sector. The deal with eXp Commercial, a rapidly growing virtual brokerage, strengthens CoStar's position as the dominant provider of CRE data and analytics. The partnership demonstrates CoStar's ability to monetize its platform through enterprise agreements, potentially driving recurring revenue growth. With eXp Commercial's innovative cloud-based approach and expanding advisor network, this collaboration could accelerate adoption of CoStar's solutions among tech-forward real estate professionals.
The timing is particularly strategic as the commercial real estate market undergoes digital transformation. By integrating with eXp's virtual platform, CoStar gains exposure to a new generation of tech-savvy brokers while helping traditional firms transition to digital operations. This move should help defend CoStar's market leadership against potential disruptors while expanding its total addressable market.
The integration of CoStar's comprehensive data platform with eXp's virtual brokerage model represents a significant technological synergy. eXp's cloud-based infrastructure combined with CoStar's extensive property database and analytics creates a powerful digital ecosystem for commercial real estate professionals. This partnership enables real-time access to critical market data, streamlining the decision-making process for brokers operating in the virtual environment. The collaboration reinforces CoStar's technology moat while providing eXp Commercial with essential tools to scale its digital-first approach to commercial real estate services.
Global leader in CRE information, analytics and news, partners with a national real estate brokerage to expand growing commercial platform and best serve brokers and clients
With this partnership, CoStar Group will equip eXp Commercial advisors with unrivaled insights into national property values, market conditions and availability. eXp Commercial’s advisors 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 nationwide.
"eXp Commercial’s unique cloud-based real estate platform offers a best-in-class experience, and we’re excited to further expand its innovative suite of offerings with access to CoStar,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “Since our founding, we have been dedicated to transforming the commercial and residential real estate sectors by developing solutions that help our clients discover properties, gain valuable insights, and cultivate connections that enhance their businesses. We look forward to collaborating with eXp Commercial to provide outstanding data and analytics that will better serve the needs of the real estate community.”
CoStar offers brokers, professionals and users direct access to property data, seamlessly and efficiently meeting the needs of eXp Commercial’s client and professional user base. eXp Commercial has pioneered the virtual commercial and residential real estate industry through state-of-the-art tools and technology, and access to CoStar’s solution-driven suite of services is expected to contribute to the brokerage’s continued growth in the industry.
“We’re committed to providing our advisors with the foundational technology they need to compete and excel in the industry,” said Sean Murphy, SVP of Growth at eXp Commercial. “CoStar is central to this approach — it equips our advisors with the essential data and insights that empower them to make faster, more informed decisions.”
Leo Pareja, CEO, eXp Realty and eXp Commercial, highlighted the impact of these new resources: “We are redefining what’s possible for commercial real estate professionals. By providing access to CoStar, we are offering our advisors the best-in-class tools they need to succeed in this dynamic market.”
About CoStar Group
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 thirteen million average 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 eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Commercial, a nationwide cloud-based commercial real estate brokerage. As a publicly traded company, it offers commercial advisors the unique opportunity to earn equity awards for meeting production goals and driving company growth. With advanced technology and a global network, eXp Commercial helps advisors grow their businesses, increase profitability, and serve clients across commercial sectors like office, industrial, retail, multifamily, land, specialty properties and more. Learn more at https://www.expcommercial.com/ and https://expworldholdings.com.
Safe Harbor Statement
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar Group's expectations or beliefs 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 partnership between CoStar Group and eXp Commercial fails to produce the expected benefits. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission (the “SEC”), including in CoStar Group’s Annual Report on Form 10-K for the year ended December 31, 2023, which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’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 Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241212719140/en/
News Media
Matthew Blocher
Vice President
CoStar Group Corporate Marketing & Communications
(202) 346-6775 | mblocher@costar.com
Source: CoStar Group
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