Five-Year Contract Extension in Place for Toronto-Based Firm
TORONTO–(BUSINESS WIRE)–CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, together with Lennard Commercial Realty, an independent Canadian commercial real estate brokerage, is continuing its enterprise with a five-year contract extension following five-years of continued success.
Lennard Commercial Realty was an early adopter of the CoStar platform in Canada beginning in April 2014. The Toronto-based brokerage has almost doubled its staff during the past five years, expanded into a third office location and relocated to a larger head office to accommodate its continued growth. Lennard is one of the fastest growing brokerages in the GTA. Lennard offers industry leading agent compensation, top notch agent support, and an attractive culture grounded in freedom and independence. Lennard attributes part of its success to providing its agents with “A” class research support including a full suite of research tools, such as CoStar services.
“CoStar’s platform brings amazing value to the commercial real estate industry,” said Mark Ibbotson, CoStar Group Managing Director, Canada. “We look forward to Lennard’s continued growth and to continuing our relationship.”
Lennard Commercial Realty offers a range of real estate services to occupants, tenants, owners and investors in the office, retail, industrial, land and multifamily sectors in the Greater Toronto Area and across Canada and North America. For several consecutive years Lennard has been nominated to Canada’s 10 Most Admired Corporate Cultures Program, in addition to receiving many other prestigious Real Estate Excellence awards.
To learn more about Lennard, visit lennard.com and for more information about CoStar, visit CoStar.com.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. LoopNet is the most heavily trafficked commercial real estate marketplace online with 6.4 million monthly unique visitors. Realla is the UK’s most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. CoStar Group’s websites attracted an average of over 70 million unique monthly visitors in aggregate in the second quarter of 2019. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe and Canada with a staff of over 3,900 worldwide, including the industry’s largest professional research organization. For more information, visit costargroup.com.
Media Contact: Matthew Blocher CoStar Group [email protected] +1 202 346 6775