PRESS RELEASE DETAIL


Aug 17, 2011

CoStar Group Launches Powerful New iPad App, CoStarGo

WASHINGTON, Aug. 17, 2011 -- CoStar Group, Inc. (Nasdaq:CSGP) today announced the launch of CoStarGo™, its powerful new iPad app. For the first time, commercial real estate professionals will be able to access CoStar's extensive property and market data, sales comparables and tenant information in a dynamic mobile interface wherever they are. Speed, mobility and efficiency are the key benefits of CoStarGo.

  • "Game Changing" mobility frees brokers from their desks allowing them more time in the field increasing productivity and efficiency
  • Integrates CoStar's extensive Property and Market Data, Sales Comparables and Tenant Information in a robust, user-friendly tool
  • Available via free Download from Apple App Store for CoStar Suite Subscribers 

WASHINGTON, Aug. 17, 2011 -- CoStar Group, Inc. (Nasdaq:CSGP) today announced the launch of CoStarGo™, its powerful new iPad app. For the first time, commercial real estate professionals will be able to access CoStar's extensive property and market data, sales comparables and tenant information in a dynamic mobile interface wherever they are. Speed, mobility and efficiency are the key benefits of CoStarGo.

"We believe CoStarGo will be a transformational product for our industry and our company," said CoStar Group Founder and CEO Andrew C. Florance. "CRE professionals will be able to access and deliver real time data and information on the go, which we expect will increase productivity and customer satisfaction."

"I have been introducing the product to clients and prospects in major cities across the country over the past three weeks and the response has been overwhelmingly positive and enthusiastic," added Florance.

CoStarGo is available for download at the Apple App Store at no charge to subscribers of CoStar's professional suite of online products -- CoStar Property Professional®, CoStar Tenant® and CoStar COMPS®. CoStar provides unmatched local market insight and nation-wide coverage, supported by the industry's largest research organization. CoStar's nearly 900 highly trained researchers interview over 10,000 commercial real estate professionals and make 5 million data updates per day; field researchers inspect over 500,000 properties each year; and take over 1.5 million photographs annually.

Incorporating the iPad's renowned location-aware functionality, CoStarGo instantly presents information about properties around the user's current location from the moment it is turned on.  Real estate professionals can drill-down and find extensive details on commercial real estate including lease, sale and tenant information. Users can also access saved surveys, review information on the spot with clients, email reports from the field, or print them to a local FedEx Office store nearby.

CoStarGo allows users to:

  • Identify buildings for sale and sales comps, and use an integrated financial calculator to quickly quantify a prospective deal.
  • Analyze markets by occupancy, absorption, rental rates and leasing activity and other key benchmarks for market and submarket comparisons.
  • Find available space for lease and recent lease deals with square footage, rents, building contacts and floor plans. 
  • Look up detailed tenant information, including lease expirations and contact information, displayed in a stacking plan.
  • Access demographics, including location-specific data on population, income, employment, spending and more.
  • Call, email or use Apple's FaceTime video conference capabilities with key players, including other agents, landlords, principals and prospects.

CoStarGo also includes CoStar's innovative Five Star Building Ratings System®, commercial real estate's first system to provide a general quality rating for buildings across all commercial real estate property types. The CoStar Five Star Building Rating System is a national rating system and allows for comparisons among buildings and across markets.

See the CoStarGo advertisement "Commercial Real Estate is Go Powered" in today's Wall Street Journal on page C7 opposite "The Property Report."

Learn more about CoStarGo at www.CoStarGo.com.

About CoStar Group, Inc.

CoStar Group (Nasdaq:CSGP) is commercial real estate's leading provider of information and analytic services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 1,500 worldwide, including the industry's largest professional research organization. For more information, visit www.costar.com.

'