From the New York September issue: While real estate research firm CoStar is perhaps best known for its large-scale commercial market analysis, the company’s latest database upgrade focuses on a different investor: the little guy. Norm Miller, vice president of analytics with CoStar, said that while nationwide investment-grade property buyers often attract more attention in the media, “average investors” — buyers who nab strip malls and small apartment buildings rather than skyscrapers — are a worthy set to follow.
“Seventy percent of the owners out there were being ignored, because they weren’t being represented by [these] institutional high-class property [reports],” Miller said.
So far, Miller said that CoStar’s tracking of that group, which began last month, has yielded some intriguing results. [more]