CoStar Group enters agreement to offer commercial real estate services in Canada

Leading commercial real estate data, analytics, and online marketplaces for the commercial real estate sector, CoStar Group, Inc., has signed a five-year renewal agreement with Marcus & Millichap, a commercial real estate investment services firms with offices across North America.

With this partnership, CoStar Group will further Marcus & Millichap's access to sales and market analytics throughout Toronto, Ottawa, Calgary, Edmonton and Vancouver.

“Progress on Marcus & Millichap’s expansion into Canada has been strong, highlighted by our recent growth in Montreal, Ottawa, and Edmonton,” said Greg LaBerge, Marcus & Millichap’s Chief Administrative Officer. “Our strategic relationship with CoStar in Canada is a natural extension of the firm’s commitment to providing the commercial real estate marketplace with a unique investment business model dedicated to maximizing value for real estate investors that our founders began in 1971.”

“CoStar is proud to forge an agreement with one of the industry’s premier providers of investment real estate brokerage services,” said CoStar Canada Managing Director, Mark Ibbotson. “Our data, analytics and tools are a valuable addition to the services Marcus & Millichap and its growing Institutional Property Advisors (IPA) division in Canada provide to private investors, professionals and institutions. We believe this strategic relationship will help take their Canadian business to new heights.”

CoStar Group offers a suite of tools, resources, and veteran knowledge which all work in tandem to offer over 5 million commercial real estate properties in the current market. With this new agreement, CoStar and Marcus & Millichap are confident they will continue to uphold the kind of first-class service its clientele expect, and then some.

SOURCE CoStar Group, Inc.
Edited by V. Haviland

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