BETHESDA, MD -- CoStar Group (Nasdaq: CSGP) announced today that it has signed a national, multi-year agreement with Cushman & Wakefield for nationwide access to CoStar Group's comprehensive information products. The agreement represents the largest single contract ever awarded CoStar Group.
Under terms of the agreement, Cushman & Wakefield will license CoStar Property™, CoStar Tenant™and CoStar COMPS™, which combined track approximately 700,000 properties, more than 530,000 sale comparables and approximately 900,000 tenants in 54 markets, and house more than 660,000 digital images.
The agreement provides for the use of CoStar Group products by all Cushman & Wakefield's employees within each of Cushman & Wakefield's domestic offices.
"We are honored to be selected by such a major international brokerage firm to provide their world-class real estate professionals with top quality information," said CoStar Group Founder and CEO Andrew C. Florance.
"With more than 15 years of experience, we have assembled the largest, most accurate commercial real estate database on the Internet, backed by the largest and most experienced research team, and we look forward to putting these resources into the hands of Cushman & Wakefield professionals across the country," Florance remarked.
About CoStar Group, Inc.
Headquartered in Bethesda, MD, CoStar Group, Inc., (http://www.costargroup.com) is the leading provider of information services to the U.S. commercial real estate industry. CoStar's suite of products offers customers access to the most comprehensive, verified database of U.S. commercial real estate information in 54 markets. The Company has over 1,000 employees and contractors nationally, including over 700 highly trained commercial real estate research professionals in 23 offices.
About Cushman & Wakefield
Cushman & Wakefield is the preeminent international real estate services firm. Globally, Cushman & Wakefield manages 325 million square feet and is a market leader in all its businesses, including office and industrial brokerage, financial services, advisory services, asset services, corporate services, valuation advisory services and research services. Founded in 1917, Cushman & Wakefield has 9,500 employees operating from 143 offices in 44 countries around the world. Cushman & Wakefield can be reached at 1-800-346-6789 or at http://www.cushwake.com.