CoStar Group Launches CoStar Platform In France, Eyes €300bn Market
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CoStar Group has officially launched its commercial real estate platform in France, bringing its data and analytics offering to a market it estimates at €300 billion. The launch builds on CoStar's earlier acquisitions of BureauxLocaux and Business Immo, alongside what the company describes as a significant investment in local proprietary research. The result, CoStar says, is" one of the most comprehensive commercial property databases ever built for the French market." For the first time, investors, brokers, owners, corporate occupiers and lenders in France will be able to use a single platform for curated property records, live availabilities, verified sale and lease comparables, industry news and real-time market analytics. Globally, CoStar has invested more than $5 billion in proprietary data and technology over four decades. In France specifically, CoStar clients get access to more than 290,000 tracked properties, 385,000 commercial tenants, 90,000 availabilities, 75,000 lease activities and sales comparables, and 134 market and submarket reports, spanning office, logistics and hospitality across Greater Paris, Lyon and Marseille. Andy Florance, founder and CEO at CoStar Group, said: "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...
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