Associate Lease Comp Researcher
Job Description
Associate Lease Comp Researcher
OVERVIEW
CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world's real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We've continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
The Role
CoStar delivers real-time, verified commercial real estate data that helps clients confidently spot great opportunities and make smart choices ahead of competitors. By combining the power of CoStar's independent research organization – the industry's largest – with global data delivery, software, and application solutions, clients can act on opportunities with confidence.
CoStar's Research team is the heart of CoStar, capturing market-critical information that enables our commercial real estate clients to make informed, high impact business decisions daily. CoStar Group's research contributes to the most important segment of our economy, helping businesses open offices, retail stores, warehouses, and manufacturing facilities. CoStar Group is seeking a Lease Comp Researcher to join our growing research organization.
As a Lease Comp Research at CoStar Group, you will play a crucial role in analyzing and abstracting commercial real estate lease agreements. Your primary responsibility will be to review complex lease documents, identify critical data points, and extract key financial and legal terms to ensure the accuracy and completeness of lease details. This position requires exceptional attention to detail, strong reading comprehension, and a comprehensive understanding of lease terms and real estate practices.
Responsibility:
Read and interpret commercial real estate leases, amendments, and related documents to identify lease terms and conditions.
Distill complex information into concise, structured formats for internal use and data management.
Extract critical data fields such as but not limited to lease commencement and expiration dates, rental rates, payment schedules, escalation clauses, tenant improvement allowances, and operating expense responsibilities.
Use critical thinking to determine accurate data scenarios and identify conflicting data.
Accurately input abstracted data into the CoStar Group's proprietary database system.
Identify and calculate key financial terms, including base rent, percentage rent, Common Area Maintenance (CAM) charges, and other lease-related expenses.
Resolve discrepancies by consulting source documents or collaborating with stakeholders.
Maintain privacy and discretion with all data extracted from leases.
Assist in identifying and implementing process improvements to enhance efficiency and data quality.
Basic Qualifications:
Bachelor's Degree required from an accredited, not for profit University or College
A proven track record of commitment to prior employers
Experience in lease administration, lease abstraction or review of legal documents.
Microsoft Excel 365 experience is required.
Evidence of strong academic performance in college.
Understanding of commercial lease structures and terminology.
Excellent analytical and problem-solving skills, with attention to detail and accuracy.
Proficient in using lease management software and database systems.
Effective communication skills, both written and verbal.
Preferred Qualifications and Skills:
Bachelor's degree in real estate, finance or accounting.
Proven success performing to metrics or key performance indicators (KPI)
Natural curiosity, persistence, and ability to conduct thorough investigative research
Ability to manage multiple responsibilities, changing priorities, and excel in a fast-paced environment
Self-motivated and goal-oriented
What's in it for you?
When you join CoStar Group, you'll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.
We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.
Our benefits package includes (but not limited to):
Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
Life, legal, and supplementary insurance
Virtual and in person mental health counseling services for individuals and family
Commuter and parking benefits
401(K) retirement plan with matching contributions
Employee stock purchase plan
Paid time off
Tuition reimbursement
On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes
Access to CoStar Group's Diversity, Equity, & Inclusion Employee Resource Groups
We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.? However, please note that CoStar Group is not able to provide visa sponsorship for this position.
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing
CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing