CoStar Group and NAI Global Sign Multi-Year Incentive Agreement for U.S. Brokerage Operations

CoStar Group CSGP today announced that NAI Global, the premier network of independent commercial real estate firms and one of the world's largest commercial real estate service providers, has signed a multi-year incentive agreement to increase NAI member firms' use of CoStar services. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI firms complete over $45 billion in transactions annually and manage more than 300 million square feet of space. NAI firms currently subscribe to at least one CoStar service in more than 58 markets. CoStar and NAI Global have arranged an innovative agreement that provides benefits to the entire NAI organization as individual firms add services or expand existing license agreements with CoStar. The agreement provides incentives for NAI firms that add a new subscription to any of CoStar's subscription-based services or extend an existing subscription for a two-year term. "CoStar's broad market coverage, high quality research and comprehensive data are extremely valuable to NAI members across the U.S.," stated Jeffrey M. Finn, President and CEO of NAI Global. "CoStar's depth of information and extensive analytic capabilities give NAI professionals an important competitive edge and support their ability to provide an exceptionally high level of service to our clients."