CoStar Group Inc. – a provider of commercial real estate information, analytics and marketing services – has launched CoStar Multifamily, an enhanced capability within CoStar's product suite.
With CoStar Multifamily, the company says the same information tools used by office, retail and industrial professionals are now available for multifamily professionals. CoStar says its current database provides coverage on nearly 300,000 apartment communities with five or more units for a total of over 16 million apartments.
Features in CoStar Multifamily include the following, according to the company:
-Building details and quality;
-Asking rents, effective rents, concessions and occupancy rates;
-Over 1 million sales comps dating back to 1995;
-Construction locations and delivery schedules;
-Floor plans and high-resolution property images;
-Detailed information on amenities, unit sizes and mixes; and
-Market analysis and forecasting in 210 markets.
