All Forum Posts by: Parikshith Gari

@Parikshith Gari

Last time we checked I believe it was $10-$15k/yr and if you wanted more territory pricing was higher.

Crexi is an alternative for 1/10th the price but of course not as much info

This is where a commercial broker can help you save money and time; When you interview any broker, confirm they have CoStar, CREXI, Catylist, their local MLS and Commercial MLS, are members of the local Commercial REALTOR council, and receive other brokers IDX feeds. You will find lots of Carpetbaggers trying out commercial from residential as the residential markets shift. It takes $14-20k per year to participate fully in datasources for most markets plus hours per week to see all the listings and movement. Finally, if you want a broker to be fully committed, consider retaining them in an exclusive agreement.

I believe Costar pricing depends on what market area you want, but for a single license, I'd expect >$500/mo.

If you're new to investing, I'd suggest working with an agent, at least until you better understand the process and common pitfalls. 

The cheapest/potentially no-cost option is just doing public records searches and contacting owners directly. You can also network with commercial agents and sign non-exclusive representation agreements for the stuff they bring you.  

Depending on the # of licenses, Costar might range from $300-$450/month per user.