With commercial brokerage “shut down,” dozens of New York firms are asking CoStar Group to discount the hefty subscription fees they pay to the data giant each month. In a letter, 52 independent firms said the “abrupt and harsh economic downturn” caused by the coronavirus has had a “swift” impact on their business. Smaller firms were hit hardest, with many projecting 18 to 36 months before business in New York returns to normal. Their May
source https://therealdeal.com/2020/05/18/costar-unmoved-as-nyc-brokers-seek-discounts/
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