Lease Comp Researcher
Lease Comp Researcher
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Job Description
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 worlds 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. Weve 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 realtime verified commercial real estate data that helps clients confidently spot great opportunities and make smart choices ahead of competitors. By combining the power of CoStars independent research organization the industrys largest with global data delivery software and application solutions clients can act on opportunities with confidence.
CoStars Research team is the heart of CoStar capturing marketcritical information that enables our commercial real estate clients to make informed high impact business decisions daily. CoStar Groups 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.
This position is in office Monday through Friday.
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 Groups proprietary database system.
- Identify and calculate key financial terms including base rent percentage rent Common Area Maintenance (CAM) charges and other leaserelated 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:
- Bachelors Degree required from an accredited not for profit University or College
- 25 years contract review or legal document review experience
- 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 problemsolving 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:
- Bachelors 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 fastpaced environment
- Selfmotivated and goaloriented
Whats in it for you
When you join CoStar Group youll 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 performancebased incentives. CoStar Group also invests in your professional and academic growth with internal training tuition reimbursement and an interoffice 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
- Onsite fitness center and/or reimbursed fitness center membership costs (location dependent) with yoga studio Pelotons personal training group exercise classes
- Access to CoStar Groups Diversity Equity & Inclusion Employee Resource Groups
We welcome all qualified candidates who are currently eligible to work fulltime 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 drugfree workplace and perform preemployment substance abuse testing
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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drugfree workplace and perform preemployment substance abuse testing
Employment Type
Full-Time
