CoStar Group Launches Service in Salt Lake City; Top Commercial Real Estate Brokerage Firms Sign on as Clients

BETHESDA, Md., Oct. 20 /PRNewswire-FirstCall/ -- CoStar Group, Inc. today announced it is providing its industry-leading market information to commercial real estate professionals in Salt Lake City and has signed top commercial real estate brokerage firms as subscribers.

CoStar signed license agreements with Coldwell Banker Commercial NRT, Commerce CRG and InterNet Properties as Charter Members. Coldwell Banker Commercial NRT, Commerce CRG and InterNet Properties professionals now have access to CoStar Property Professional(R), the industry's leading commercial real estate information system, enabling subscribers access to office, industrial and retail information for Salt Lake City.

"We are pleased to begin service in Salt Lake City, providing comprehensive office, industrial and retail information to the market, as well as our enhanced for-sale listings," stated CoStar President & CEO Andrew C. Florance. "Our comprehensive coverage of the Salt Lake City commercial real estate market will be valuable to local commercial real estate professionals as well as to our broad national subscriber base. We believe we offer 8.7 million more square feet of available property than anyone else in the market, so it's not a surprise that these leading companies recently subscribed to our service."

CoStar Field Research teams have been working in Salt Lake City since May 2004, photographing and collecting information on office, industrial and retail properties. CoStar's Salt Lake City database includes nearly 17,000 properties totaling about 22 million square feet of space available, which we believe is 40% more availability than any other competitor in the market.

Salt Lake City commercial real estate professionals who subscribe to CoStar Property(R) also will be able to access CoStar's entire national inventory of more than 84,000 for-sale listings, which is up more than 61% year to date. CoStar does not charge brokers or property owners any fees to list their properties on CoStar's nationwide network.

CoStar is the leading provider of information services to the commercial real estate industry in the United States and United Kingdom. CoStar's customers include many large national and regional brokerage firms, along with thousands of small brokerage firms and sole practitioners. In all, more than 50,000 commercial real estate brokers, owners, investors, lenders and appraisers use CoStar services to access detailed building information, search properties for lease and for sale, accurately value properties and position properties in the marketplace.

CoStar maintains the largest researched database of commercial properties in the U.S. and U.K., supported by over 700 highly trained researchers. Subscribers to CoStar Property Professional(R) will have access to the most complete database of office, industrial and retail properties, including suite-by-suite space availabilities, for-sale inventory, historical data, powerful analytic tools and the industry's largest digital library of building photos, floor plans and aerials.

CoStar's entry into Salt Lake City is part of a planned 21-market expansion that began in 2004.

About CoStar Group, Inc.

CoStar Group, Inc., is the leading provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information on 59 U.S. markets, London and the United Kingdom. Based in Bethesda, MD, the company has approximately 1,000 employees throughout the United States and the United Kingdom, including the largest professional research organization in the industry.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward- looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-Q for the quarter ended June 30, 2005, under the heading "Risk Factors." In addition to these statements, there can be no assurance that CoStar's coverage of this market will be valuable to Salt Lake City's local commercial real estate professionals as well as national subscribers, that we can offer 8.7 million more square feet of available property than anyone else in the market, that CoStar's Salt Lake City database contains 40% more availability than any other competitor in the market, or that CoStar will complete its planned 21-market expansion. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.