This major entry by the CoStar Platform into the French market is a landmark moment for the country’s commercial real estate industry. CoStar Platform now provides sophisticated commercial real estate intelligence to investors, brokers, owners, occupiers and lenders. This means professionals can rely on one platform to access market data, property insights and analytics, all built for France.
CoStar Group, an S&P 500 member and the world’s leading provider of online real estate marketplaces, property information, analytics and 3D digital twin technology, today announced the commercial launch of its CoStar Platform in France. The expansion is another major step in the company’s growth strategy in Europe. The launch follows successful acquisitions of BureauxLocaux and Business Immo, as well as major investments in proprietary local research. These efforts have helped CoStar Group build one of the most comprehensive databases of commercial property available in the French market.
For the first time in France, commercial real estate professionals have access to a single platform that combines curated property records, live property availability, verified sales and lease comparables, exclusive industry news and real-time market analytics. This way, users are empowered to make well-informed business decisions leveraging trusted and constantly updated market intelligence tailored for France.
The platform demonstrates CoStar Group’s commitment to innovation and data excellence for the long-term. During the past four decades, the company has invested more than $5 billion in the development of proprietary research, technology and databases. As a result, the CoStar Platform is now one of the world’s largest commercial real estate intelligence networks in the industry.
CoStar Platform Provides Robust Market Intelligence to France
The CoStar Platform tracks more than 9 million properties globally, and connects more than 8 million commercial tenants and 2 million property owners. The platform also has data on 7 million lease activities, 5 million sales comparables and roughly 15,000 analytical reports on markets and submarkets. Also, news articles about the industry are directly linked to related properties and professionals to allow users to more effectively follow market developments.
The platform offers extensive coverage of office, logistics and hospitality properties across key metropolitan markets including Greater Paris, Lyon and Marseille, following its launch in France. Subscribers have access from day one to over 290,000 properties tracked, 385,000 commercial tenants, 90,000 properties for lease or sale, 75,000 lease activity and sales comparables, and more than 134 market and submarket analytical reports. Also clients get market-leading commercial real estate news, providing a one-stop shop for investment and business decisions.
“France is one of the most important real estate markets in the world, and we are delighted to bring to France the same platform that has transformed how commercial real estate is transacted in the United States, the United Kingdom and Canada. French brokers, investors, owners and occupiers will now be able to source opportunities faster, underwrite more robustly and make decisions with greater confidence,” said Andy Florance, Founder and CEO of CoStar Group. “Commercial real estate operates across borders, and CoStar’s subscriber base of over 320,000 CRE professionals around the world will now find it easier to evaluate opportunities in France, while French CoStar subscribers will be able to access opportunities abroad.”
Sandra Roumi, General Manager France of CoStar Group: “French real estate is entering a new era. Our ambition is clear: to support the real estate ecosystem with the highest standards in data quality, transparency, and technology. CoStar Group is investing heavily to build, alongside the French market, a new generation of tools and services designed to support performance, confidence, and growth.”
The introduction of the CoStar Platform reinforces CoStar Group’s commitment to supporting commercial real estate professionals with trusted market intelligence, comprehensive property data, and advanced analytics. As demand for accurate real estate information continues to increase, the company aims to help industry participants identify opportunities faster, strengthen investment decisions, and improve market transparency across France.
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News Source: Businesswire.com
