Director of Lease Comps

Director of Lease Comps

Job Description

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 world’s 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.  We’ve 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 real-time, verified commercial real estate data that helps clients confidently spot great opportunities and make smart choices ahead of competitors. By combining the power of CoStar’s independent research organization – the industry’s largest – with global data delivery, software, and application solutions, clients can act on opportunities with confidence.

CoStar’s Research team is the heart of CoStar, capturing market-critical information that enables our commercial real estate clients to make informed, high impact business decisions daily. CoStar Group’s 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 Director of Lease Comps to join our growing research organization.

As a Director of Lease Comps at CoStar Group, you will lead and develop a team of Lease Comp Managers to ensure their teams are providing CoStar clients with accurate and actionable data. This role requires a strategic thinker with a passion for operational excellence, leadership development, and cross-functional collaboration.  The Director will drive department performance, foster a culture of continuous improvement, and support the growth and development of both managers and their teams.  

RESPONSIBILITIES

• Set clear departmental goals aligned with company objectives, ensuring alignment across teams and driving long-term success.

• Lead and mentor a team of managers, empowering them to develop high-performing individual contributors. Provide guidance, coaching, and performance feedback.

• Identify opportunities to streamline processes, improve efficiency, and ensure consistency in operational execution.

• Oversee goal setting, key performance indicators (KPIs), and performance reviews for managers and their teams. Address performance gaps and foster a culture of accountability.

• Collaborate with cross-functional teams, such as Engineering, Product, Data Analytics, and other Research peers to align organizational objectives.

• Lead organizational change efforts by effectively communicating vision, impact, and expectations to the broader team.

• Use data, metrics, and reporting to assess departmental health, inform decision-making, and support continuous improvement initiatives.

• Support the career growth and development of managers and individual contributors through mentorship, professional development opportunities, and succession planning.

• Coordinate and manage the workload and activities of team members to ensure maximum productivity, efficiency and performance is achieved.

• Participate in collaborative development of training materials and ongoing development opportunities for the team.

• Conduct regular audits on the team members to ensure the accuracy and completeness of abstracted lease data.  Action audit feedback to show improvement.

• Ensure the team consistently meets deadlines and productivity targets.

• Recommend and implement process or technology improvements to gain efficiencies and consistency where possible. 

• Contribute to the vision of being a ‘center of excellence’ and ‘employer of choice’ through trust, open communication, creative thinking and cohesive team effort.

BASIC QUALIFICATIONS

• Bachelor’s Degree required from an accredited, not for profit University or College.

• A track record of commitment to prior employers.

• 3+ years previous experience leading a team of 4 or more managers, who are responsible for teams of 4 or more.

• 5+ years of Microsoft Office Experience.

• Comprehensive knowledge of commercial lease structures, terms, financial concepts and legal documents.

• Demonstrate a strong business acumen, understanding of operational processes, project management and process improvement methodologies.

• Strong leadership skills with a proven track record of coaching, development and motivating teams.

• Experience leading teams through periods of change, growth and transformation.

• Proficient in using lease management software and database systems.

• A track record of commitment to prior employers.

• Excellent analytical and problem-solving skills, with attention to detail and accuracy.

• Ability to interact at all levels and establish rapport with both internal and external stakeholders. 

Internal applicants are expected to have the following qualifications/experience combination:

• Bachelor’s degree required coupled with 3+ years of Commercial Real Estate experience.

• Currently a manager with +5 years of management experience.

• In good standing, no performance or behavioral corrective action.

PREFERRED QUALIFICATIONS & SKILLS

• Bachelor’s degree in Real Estate, Finance or Accounting.

• An advanced degree a plus.

• Experience with creating effective KRI’s and meeting performance metrics, being results oriented.

• Experience and demonstrated proficiency with Excel that includes the ability to manipulate data, filter, and develop basic formulas.  All qualified candidates will be given an assessment to demonstrate their knowledge.

What’s in it for you?

When you join CoStar Group, you’ll 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 performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office 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 

• On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes

• Access to CoStar Group’s Diversity, Equity, & Inclusion Employee Resource Groups 

We welcome all qualified candidates who are currently eligible to work full-time 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 drug-free workplace and perform pre-employment substance abuse testing

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing