Cushman & Wakefield Names CoStar Group as National CRE Data Provider in Canada

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TORONTO (October 1, 2024) – CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced an agreement with 戴德梁行 , one of the world’s largest commercial real estate services firms, for its services in Canada. 戴德梁行 has chosen CoStar to be its primary commercial real estate information provider in Canada – connecting CRE professionals with up to date, verified information on properties across markets, including lease and sales comps, for sale and for lease listings, tenants, occupancies, concessions, high-quality visual content, news and market and submarket analytics. The partnership bolsters 戴德梁行 ’s research capabilities to help brokers better serve their clients, close more deals and earn more commissions.

CoStar will serve as 戴德梁行 ’s national property data source in Canada, supplementing the proprietary data collected and managed through the firm’s internal database. CoStar is the preferred source for data among all but one leading commercial real estate brokerage firm in Canada. 戴德梁行 ’s 600 Canada-based employees 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 nationally, including in Toronto, Vancouver, Calgary, Ottawa, Montreal and Edmonton.?

“We’ve worked with 戴德梁行 ’s professionals in the United States for over 30 years and we’re thrilled to have the opportunity to expand our partnership in Canada,” said Andy Florance , Founder and Chief Executive Officer of CoStar Group. “Together, CoStar will help 戴德梁行 's talented brokers do more deals and generate higher commissions. We believe access to CoStar will allow them to better serve their clients, generate more leads, increase commissions, uncover new listing opportunities and boost productivity for 戴德梁行 ’s growing team in Canada. Our goal is to streamline processes and build advanced technology to allow brokers and clients to succeed, and we are looking forward to seeing what we will accomplish together with one of the largest commercial real estate firms in the world.”

CoStar’s platform offers brokers, professionals and users direct access to property data enabling quick outputs for the needs of 戴德梁行 ’s professionals and clients. CoStar equips an in-depth suite of services that will benefit 戴德梁行 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 戴德梁行 drives our team to consistently seek tools that can maximize productivity, efficiency and collaboration,” said Allison Marsales , President, Advisory, Canada, 戴德梁行 . Expanding our existing?partnership?with CoStar delivers several benefits, including aligning our Canadian professionals with those in the U.S., offering access to data across a multitude of property types and allowing our teams to work more efficiently. Bringing this platform, which we have used in the U.S. for more than two decades, to our Canadian teams will allow us to better serve our clients.”

CoStar Group maintains a robust presence in Canada, tracking data, leases, listings, tenants, owners and analytics on over 300K properties in the country with 80+ dedicated researchers. Last year, it launched its flagship rental search tool, Apartments.com , in Canada, and CoStar Group analysts consistently provide expert commentary and analysis on the real estate industry in all major Canadian markets.

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