CoStar Real Estate Manager

What CoStar Real Estate Manager does

CoStar Real Estate Manager is a cloud-based commercial lease management platform that combines lease accounting, lease administration, market data and analytics, and transaction management into a single integrated solution. The platform is designed for corporate accounting and real estate teams managing office and retail portfolios, with audit-ready compliance support for ASC 842, IFRS 16, and FRS 102. Core technical capabilities include automated lease remeasurements, automatic discount rate matching, retrospective true-up journal entries, continuous change alerts, and 1,100+ integrations with ERP and accounting systems (SAP, Oracle, NetSuite). The platform is built on top of CoStar Group's commercial real estate dataset, which the company describes as the world's largest, providing integrated market intelligence for portfolio benchmarking. Security is anchored by quarterly SSAE 18 SOC 1 and SOC 2 audits.

The company sells through a direct enterprise sales motion with custom demos and quote-based pricing, structured across three subscription modules: Lease Accounting & Administration (priced per lease), CoStar Market Data + Analytics (priced per location), and Transaction Management (priced per active project), sold under multi-year contracts with unlimited users included. Go-to-market is augmented by formal implementation alliances with all Big 4 accounting firms and the major global commercial real estate service providers (CBRE, JLL, Cushman & Wakefield, Savills, Newmark, Cresa), which both implement and recommend the platform. Primary customer segments are corporate accounting teams (controllers, lease accountants, CPAs) and corporate real estate teams (lease administrators, portfolio managers), with a secondary retail-tenant use case for storefront CAM and co-tenancy management.

CoStar Real Estate Manager traces its roots to Virtual Premise, founded in 1999 and acquired by CoStar Group in 2011. In 2024, the platform acquired Visual Lease, combining the two leading lease accounting and administration vendors to manage more than 1 million commercial real estate leases and 1.5 million equipment leases across thousands of customers. The combined platform extends coverage into mid-market customers and adds GASB and ESG/sustainability capabilities via the ESG Data Vault module. The company is headquartered in Atlanta, GA, and operates globally under the parent brand CoStar Group, Inc. (Nasdaq: CSGP).

Name

CoStar Real Estate Manager

Legal name

CoStar Group, Inc.

Website

https://costarmanager.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CoStar Real Estate Manager is a cloud-based commercial lease management platform that unifies lease accounting (ASC 842/IFRS 16/FRS 102), lease administration, market data and analytics, and transaction management for corporate accounting and real estate teams managing office and retail portfolios.

Ownership category

akta.pro rank

Product category

Commercial Lease Management Software

NAICS

Nonresidential Property Managers (531312)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Vendor & Contract Management (Software/Cloud) (BPAEAOAD)

Keywords

• Lease accounting software
• Lease administration software
• Commercial lease management
• ASC 842 compliance
• Commercial real estate data

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Lease Accounting & Administration Software: Priced by the number of real estate or equipment leases managed. Provides audit-ready lease accounting, lease administration, and compliance management for ASC 842 and IFRS 16.
2. CoStar Market Data + Analytics: Priced by the number of owned or leased real estate locations. Provides integrated market data, analytics, and benchmarking powered by CoStar's real estate intelligence.
3. Transaction Management Software: Priced by the number of active transaction projects. Manages lease transactions, renewals, and portfolio planning analysis.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

CoStar Real Estate Manager provides a unified commercial lease management software platform that integrates lease accounting (ASC 842, IFRS 16, FRS 102), lease administration, CoStar market data and analytics, and transaction management into a single cloud-based solution. The platform serves corporate accounting and real estate teams at enterprise organizations managing office and retail portfolios, with audit-ready reporting, automated lease remeasurements, critical date notifications, and discount rate matching.

Product overview

CoStar Real Estate Manager is a unified commercial lease management platform that combines Lease Accounting Software, Lease Administration Software, Market Data + Analytics, Transaction Management Software, and ESG Data Vault into a single integrated solution. The platform serves both accounting teams (for ASC 842, IFRS 16, FRS 102 compliance and audit-ready reporting) and real estate teams (for lease administration, portfolio optimization, and transaction management). In 2024, CoStar acquired Visual Lease, combining the top two lease accounting platforms to serve over 1M+ commercial real estate leases and 1.5M+ equipment leases. The platform is backed by CoStar Group's real estate intelligence and offers over 1,100 system integrations.

Differentiator

Problem solved

Functional benefit

Products and services

• Lease Accounting Software Audit-ready lease accounting solution supporting ASC 842, IFRS 16, and FRS 102 compliance with automated calculations, continuous lease change alerts, discount rate matching, and standard and ad-hoc reporting for corporate accounting teams.
• Lease Administration Software Proactive lease administration platform with integrated CoStar market data, portfolio planning analysis, automated renewal transactions, critical date notifications, real estate to accounting workflow, and automated rent payments for corporate real estate teams.
• Market Data + Analytics Integrated CoStar commercial real estate market data providing property-level data, transaction data, demographic data, market analysis, and benchmarking for portfolio evaluation and decision-making.
• Transaction Management Software Lease transaction management solution with automated workflows and shared visibility to help teams manage lease transactions, renewals, and portfolio planning without bottlenecks.
• ESG Data Vault ESG data management capabilities for sustainability reporting and environmental compliance tracking across lease portfolios, brought into the combined platform through the Visual Lease acquisition.

Named customers16 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature8 records

Partnerships

21 partnerships are on record, tiered core, major, moderate and minor.

• Visual LeasecoreStrategic or Co-development PartnerCoStar Real Estate Manager acquired Visual Lease in 2025, combining the top two lease accounting and administration platforms. The acquisition brought Visual Lease's mid-market innovation and advances in GASB and sustainability. The combined platform serves more leases than any other platform — 1M+ commercial real estate leases and 1.5M+ equipment leases.
• CoStar GroupcoreStrategic or Co-development PartnerCoStar Real Estate Manager is backed by CoStar Group (Nasdaq: CSGP), the world leader in real estate information and marketplaces. CoStar Group is investing significantly in Visual Lease and the combined platform, providing access to CoStar's real estate intelligence, market data, and analytics.
• CBREmajorImplementation/ SI/ Consulting PartnerCBRE uses the CoStar Real Estate Manager platform to provide lease administration and accounting solutions to clients across the globe. CBRE is one of the world's largest commercial real estate service firms.
• Cushman & WakefieldmajorImplementation/ SI/ Consulting PartnerCushman & Wakefield works in direct partnership with CoStar to implement lease management, lease accounting and transaction solutions for their clientele.
• JLL (Jones Lang LaSalle)majorImplementation/ SI/ Consulting PartnerWith CoStar and JLL, users can strategically and proactively manage critical lease events and terms by utilizing lease management, accounting and transaction solutions.
• KPMGmajorImplementation/ SI/ Consulting PartnerKPMG utilizes the CoStar suite to help businesses comply with ASC 842 and IFRS 16 lease accounting guidance.
• DeloittemajorImplementation/ SI/ Consulting PartnerDeloitte and CoStar have worked together to provide proven integrations and help companies streamline their business functions.
• PwC (PricewaterhouseCoopers)majorImplementation/ SI/ Consulting PartnerPwC is trained and ready to implement CoStar Enterprise Lease Accounting software as part of a broader solution for ASC 842 and IFRS 16.
• ProtivitimoderateImplementation/ SI/ Consulting PartnerProtiviti is fully prepared to implement CoStar Enterprise Lease Accounting software into existing tech stacks for successful ASC 842 compliance.
• RGP (Resources Global Professionals)moderateImplementation/ SI/ Consulting PartnerRGP provides a full suite of services for lease accounting from preliminary analysis and impact assessment to program and change management.
• BlackLinemoderateTechnology or IntegrationBlackLine is an official alliance partner, providing leading cloud software that automates and controls the entire financial closing process, integrated with CoStar.
• SavillsmoderateImplementation/ SI/ Consulting PartnerSavills uses CoStar Real Estate Manager to help organizations align their real estate portfolio with their business strategy.
• NewmarkmoderateImplementation/ SI/ Consulting PartnerNewmark leverages CoStar to offer an integrated, global platform that provides beginning-to-end corporate real estate services.
• CresamoderateImplementation/ SI/ Consulting PartnerCresa and CoStar bring extensive knowledge and best practices to day-to-day lease administration and accounting processes.
• Accounting TodayminorGTM or Marketing PartnerAccounting Today is a media partner for co-sponsored webinars and events.
• CoreNet GlobalminorGTM or Marketing PartnerCoreNet Global is a media partner for industry events and content.
• FEI (Financial Executives International)minorGTM or Marketing PartnerFEI is a media partner for roundtables and events.
• NRTA (National Retail Tenants Association)minorGTM or Marketing PartnerNRTA is a media partner focused on retail tenant resources.
• TAG (Technology Association of Georgia)minorGTM or Marketing PartnerTAG is a media partner for technology-related events.
• RealCommminorGTM or Marketing PartnerRealComm is a media partner for real estate technology events.
• CapterraminorGTM or Marketing PartnerCapterra is a media partner for software review and discovery.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• LeaseAccelerator: Enterprise lease accounting and lease administration SaaS platform purpose-built for ASC 842/IFRS 16 compliance with very similar positioning, customer base, and integration story to CoStar Real Estate Manager.
• MRI Software: Real estate software suite that includes commercial lease administration, lease accounting, and property management modules serving overlapping enterprise RE/accounting buyers with subscription-based delivery.
• Yardi: Long-established commercial real estate software vendor offering lease administration and accounting modules used by similar office and retail occupiers and corporate accounting teams.
• LeasePilot: AI-powered commercial lease management platform for legal and real estate teams that abstracts and analyzes lease data, increasingly competing for the same lease lifecycle workflow budgets.
• Nakisa: Provider of lease accounting and contract management software (Nakisa Lease Administration) targeting IFRS 16/ASC 842 compliance, with similar global ERP integration focus and enterprise buyer profile.

Emerging players

• Prophia: CRE portfolio management software with lease abstraction and administration capabilities serving a subset of CoStar REM's commercial office and retail customers, with a narrower module set.

Broad incumbents

• RealPage: Large incumbent real estate operations platform offering lease, asset, and property management modules; overlaps with CoStar REM in commercial lease workflows but as part of a much broader multifamily and CRE suite.
• SAP (Real Estate / RE-FX): ERP incumbent with embedded real estate and lease contract/accounting capabilities (SAP RE-FX) that compete for the lease accounting budget inside large enterprises already standardized on SAP.
• Oracle (Lease Management / E-Business Suite): ERP incumbent providing lease management and lease accounting extensions inside Oracle E-Business Suite/NetSuite, representing an alternative path for customers preferring native ERP over a standalone platform.
• AppFolio: Cloud property management platform expanding into commercial and mixed-use portfolios; adjacent rather than direct competition today but increasingly relevant to lease admin workflows.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Costarmanager
• LinkedInlinkedin.com/company/costar-real-estate-manager
• Xx.com/costarmanager

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoStar Real Estate Manager