CoStar and JLL renew their Canadian commercial real estate data services agreement

CoStar Group, Inc., one of the leading providers of commercial real estate information, analytics and online marketplaces, and Jones Lang LaSalle Inc. (JLL) a professional services and investment management company specializing in real estate, have recently announced a five-year renewal of their agreement.

JLL has picked CoStar as its commercial real estate information provider in Canada, enabling CRE professionals at one of Canada's fastest-growing commercial real estate firms to connect with the latest, verified information on properties across markets, including rent and sales comps, occupancies, concessions, high-quality visual content among many other options.

According to the agreement, JLL will continue to use CoStar Suite for data requirements across Canada, including in Toronto, Vancouver, Calgary, Ottawa and Edmonton. CoStar offers a searchable, inventory of properties and commercial real estate spaces, including office, industrial, retail, multifamily and land. Through the use of CoStar, JLL is able to track critical information about relevant properties, including onsite details as well as contact and historical information. JLL now has access to newly offered sub-market analytics, underwriting and forecasting services provided by CoStar.

JLL was one of CoStars first clients in Canada, and we are proud to be continuing and growing our 5-year long relationship, stated CoStar Canada Managing Director, Mark Ibbotson. "Through its use of CoStar Suite, we believe JLL will continue to increase revenues and productivity, develop business faster, serve clients better and earn more commissions."

One of JLLs top priorities is the use of technology innovations to help brokers identify smart opportunities and help clients take advantage of them quickly. CoStars focus on innovation enables JLL maintain its reputation as an early adopter of technology solutions while serving clients better. CoStar Suite provides JLL brokers with the researched information necessary to help them focus on client relationships eliminating extensive work associated with in-depth property research.

"CoStar is a one-stop shop for JLL, that we believe saves us time and money," said Brett Elofson, Managing Director, National Tenant Representation group, JLL Canada. "CoStar provides us a solid data foundation, making our decision to use their suite of services an easy one."

SOURCE LLJ
Edited by Gordana Davila

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.