Job title: Commercial Real Estate Economist
Company: CoStar Group
Job description: Commercial Real Estate Economist
CoStar delivers real-time, verified commercial real estate data that enables our commercial real estate clients to make informed, high impact decisions 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 is seeking a Commercial Real Estate Economist to join our growing analytics organization. The Economist will assist in developing econometric models and methods to meet CoStar’s primary goal of continual improvement in our quantitative efforts related to data accumulation, modeling and estimation of current, historical, and forecast data series. The ideal candidate will possess a broad range of experience and quantitative skills to undertake the responsibilities outlined below and will be eager to join a best-in-class team that performs an integral function within the CoStar Group.
The position would be based in our Boston, Washington D.C., San Francisco or Los Angeles office, in an optional hybrid work environment.
Conduct independent and creative quantitative research applied towards the evaluation and improvement of CRE models, data series and estimations
Perform econometric-based forecasting and quantitative analysis
Determine the need for changes to existing models and strategies
Update model calibration and conduct model validation
Document models and analytic products and tools for external and internal clients
Perform quality assurance functions and error debugging throughout our models, data series and implementations
Advanced degree in economics, statistics, finance, real estate, or related field
Three or more years of relevant experience in a research-oriented environment and/or in professional services, with broad experience in commercial and/or residential real estate sectors
Deep background in econometrics, quantitative methodologies, applied statistical analysis, and model building
Proficiency in SQL, writing queries and reporting from relational databases, and experience with SQL Server Management Studio
Programming skills with Python, R, SAS, Stata and other languages, with demonstrated hands-on experience
Hands-on experience working with large data sets.
Strong math and analytical skills
Accuracy and attention to detail
OVERVIEW OF COMPANY
Founded in 1987, we are a NASDAQ listed company with a market cap of over US$30B and sit alongside other notable names such as Amazon, Facebook, Google and Apple. Behind some of the most well-known brands in the industry, CoStar Group includes CoStar, the largest provider of CRE research and real-time data; LoopNet, the most heavily trafficked mobile and online real estate marketplace; Apartments.com, the premier rental home resource for renters, property managers and owners; STR, the leading provider of performance benchmarking and comparative analytics to the hotel industry; BizBuySell, the largest online marketplace for businesses-for-sales; and Lands of America, the leading operator of online marketplaces for rural real estate.
As a technology company, we are the trusted partner for all commercial real estate professionals empowering many of the most well-respected landlords, development companies, brokerage firms, banks, lenders, investors and government agencies with our data products and leading marketplaces.
We do this by actively researching the commercial real estate markets and providing data, analytics, innovative tools and powerful marketing platforms in the U.S. and Internationally to help our clients transact with one another. CoStar continues to win multiple awards including one of Forbes most innovative companies (2017) and Fortune’s fastest growing companies (2018). Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada, and Asia with a staff of over 4,300 worldwide.
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 Drugs
Life, legal, and supplementary insurance
Commuter and parking benefits
401(K) retirement plans, with matching contributions
Employee stock purchase plan
Paid time off
Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks.
Become part of a team of professionals enjoying the opportunity to learn, do, and grow in a rewarding atmosphere. But don’t just take our word for it — see why our team chose to work at and stay at CoStar Group:
We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar 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
Location: Boston, MA
Job date: Sun, 10 Jul 2022 04:00:24 GMT
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