Commercial Real Estate Data Scientist

Job Description

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 and the NASDAQ 100, 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 to 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. 

ABOUT THE ROLE

This mid to senior-level Data Scientist 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 can be based in either our Atlanta or San Francisco office, in an optional hybrid work environment.

RESPONSIBILITIES

• 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

QUALIFICATIONS

• 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

WHAT’S IN IT FOR YOU?

When you join CoStar Group, you’ll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed. 

We offer you generous compensation and performance-based incentives. CoStar Group also invests in 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 

• Virtual and in person mental health counseling services for individuals and family 

• 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, Pelotons, personal training, group exercise classes

• Access to CoStar Group’s Diversity, Equity, & Inclusion Employee Resource Groups 

• Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks 

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. 

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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing