This month, CoStar Canada opened its newest office in Toronto, answering the booming market’s demand for accurate, comprehensive commercial real estate information, gathered and delivered at a distinctively local level.
The new office will serve as CoStar Canada’s headquarters and home base for Canadian market researchers, providing the grass-roots presence to help Toronto-based brokers, investors, property owners and managers act on granular information to make informed investment decisions quickly and confidently.
CoStar Canada, which was introduced in 2014, secured nine of the top 12 Canadian brokers during its first nine months in the market alone. The company continues to build on this momentum by focusing on market diversification, achieving exceptional results in securing top investment, government and lending accounts.
In the greater Toronto area alone, CoStar Canada has tracked:
More than 81,000 properties
- Nearly 20,000 listings for sale or lease
- Nearly 270,000 digital property images
- 2.7 Million square feet
CoStar Canada has also been actively collecting and researching data in Calgary, Edmonton, Ottawa, and Vancouver for 18 months.
“Our newly expanded presence in Canada will help us connect Toronto’s commercial real estate professionals to the information and resources they need to stay ahead of competitors, and to make profitable recommendations and decisions that yield results,” said Max Linnington, CoStar Executive Vice President of Sales. “We expect this expansion will further the success of clients across the thriving Toronto commercial real estate community.”
CoStar’s $1 billion investment in research operations has resulted in the industry’s most comprehensive database of commercial real estate information. The company’s team of more than 1,600 highly trained research associates – including an aerial research team that conducts market activity via plane across 75 key markets – verifies the accuracy of hundreds of details on commercial, industrial, office, retail, and multifamily properties in CoStar's database.
In 2015 alone, CoStar’s researchers made more than 12 million calls to verify critical property information; drove more than two million miles to accumulate on-site research data; and generated 19 million property images, all intended to provide clients with the information and context to make the most of market opportunities, armed with insight.