Power Broker Awards | Power Broker Quarterly Deals
2021 Methodology for Determining CoStar Power Broker Quarterly Deals
CoStar recognizes the top sales and leasing transactions and the commercial real estate professionals behind those transactions each quarter. The following methodology is used to identify the top transactions.
- Eligible top sales transactions include sales involving the following property types: office, industrial, flex, retail, multifamily, health care, hospitality, student housing, specialty, and sports and entertainment. Land sales intended for commercial, industrial, or multi-family uses are also eligible.
- All sales transactions are ranked from highest to lowest by sale price within each CoStar market. In the absence of a sale price, CoStar uses an estimated value at the time of sale to determine the transaction’s ranking.
- Portfolio sales are eligible. In the event a portfolio sale includes properties spanning multiple markets, CoStar uses an allocated sale price to determine each property’s ranking within its respective market.
- Only sale transactions with a sold date within the quarter recognized are eligible.
- Only arm’s length transactions are eligible.
- The Power Brokers Quarterly Deals award designation recognizes leasing transactions in the following categories: office leasing, industrial leasing and retail leasing.
- Lease transactions are ranked by determining the product of the total square feet leased, multiplied by the contract rent achieved.
- In the absence of a contract rent, CoStar uses an estimated market rent to determine the transaction’s ranking.
- The name of the tenant is required.
- New leases, relets, renewals and subleases are eligible.
- Only lease transactions with a sign date within the quarter recognized are eligible.
The deadline for submitting sales and lease transactions for consideration as Power Brokers Quarterly Deals is midnight EST/EDT on the fifth business day after the close of the quarter. The 2021 submission deadlines are as follows:
- Q1 2021 deals – Thursday, April 8
- Q2 2021 deals – Thursday, July 8
- Q3 2021 deals – TBA
- Q4 2021 deals – TBA
The methodology for identifying the PowerBrokers Quarterly Deals is subject to change at CoStar’s discretion.