Market Manager

Market Manager

Job Description

Market Manager-CoStar Group-Richmond, VA

Company 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, 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 for 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.

CoStar is the global leader in commercial real estate information, analytics and news. Commercial Real Estate industry professionals around the globe use CoStar to access the most comprehensive data to make decisions with confidence. CoStar delivers immediate, verified commercial real estate information on over 5.9 million properties across every market.   

Learn more about CoStar. 

The Role:

The Market Research team is the heart of CoStar, capturing 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 Market Manager to join our growing research organization.

As a Market Manager, you will be leading a team of Researchers who are responsible for investigating and profiling companies to help owners, brokers and real estate professionals identify which companies are best suited for their buildings. CoStar Group’s research contributes to the most important segment of our economy, helping businesses open offices, stores, and warehouses and manufacturing facilities. Every day our research helps our clients make informed investment decisions. Because of the impact our research has on the economy, CoStar Group’s benefits and salaries lead the industry.

This position is in office Monday through Friday.

Responsibilities:

• Lead a team of 8 plus Associate Research Consultants dedicated to delivering comprehensive market coverage of accurate and complete commercial real estate information to CoStar clients
• Foster a strong team culture and dynamic and provide regular coaching to the development of the team
• Ensure continuous delivery of timely, comprehensive, and accurate information for the assigned markets/region whilst providing CoStar clients with the highest standard of customer service
• Conduct regular call evaluations, training and mentoring sessions with your team. Coaching and guiding your team to produce meaningful telephone interactions consisting of effective questioning, listening, probing and sharing of information
• Coach, mentor, and develop team members through individual development plans tailored to skills, competency, and career development that results in a center of excellence
• Prepare quarterly “Territory Plans” outlining planned improvements in data coverage/depth, relationships, and talent management initiatives
• Investigate information resources of the assigned market/region to ensure all possible data sources are researched; information is captured, inputted and published in a timely manner and to the highest quality standards
• Conduct market/regional audits to ensure real-time data is being used by clients to make investment decisions
• Oversee the preparation of comprehensive market reports on a quarterly basis

Basic Qualifications:

External applicants are expected to have the following education/experience combination:

• Bachelor’s degree from an accredited, not-for-profit, in-person University or College
• A track record of commitment to prior employers
• 2+ years previous experience leading a team of 6 or more individuals
• 2+ years of experience in a professional, corporate environment
• 2+ years of experience within commercial real estate

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

• Bachelors’ degree required coupled with experience as a Senior Researcher or Principal Researcher.
• 1+ years of Microsoft Office experience
• Microsoft Excel experience is required
• Flexibility to work shifts aligned with ET, CT, MT, or PT time zones

Preferred Qualifications:

• Demonstrated interest and/or experience in the commercial real estate industry
• Experience with creating effective KPIs and meeting performance metrics, being results-oriented
• Leadership and management skills, including the ability to prioritize and control workload of a team, coaching, and mentoring on professional development
• Ability to work as part of a team
• Success in building strong, cohesive teams by leading and motivating towards action/execution through influence and collaboration
• Ability to articulate and execute corporate strategy, well-communicated with the ability to influence
• 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 determine their knowledge of Microsoft Excel 2016
• Creative problem solving, attention to detail, objectivity and the ability to think strategically
• Analytical approach with the ability to interpret information and trends, adapting quickly
• Ability to interact at all levels and establish rapport with both internal and external stakeholders

What’s in it for you?

Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

• Our benefits package includes (but is not limited to):
• Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
• Life, legal, and supplementary insurance
• 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, Peletons, personal training, group exercise classes.
• Access to CoStar Group’s Employee Resource Groups   
• Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks

The final salary or hourly rate offered for this role will fall within the range set forth below based on a variety of factors, including but not limited to, geographic location, skills, and competencies.

Base Compensation: $100,000 with performance-based bonus.

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