The best alternative to CoStar Real Estate Manager — Nakisa Lease Management
Discover the key differences between CoStar and Nakisa’s real estate and lease management software to confidently choose the best solution for your large enterprise.
How does Nakisa compare to CoStar Real Estate Manager?
Nakisa and CoStar provide enterprise solutions for managing extensive real estate portfolios. Both companies offer platforms that streamline lease administration, accounting, and compliance processes, enabling clients to manage lease and financial data.
Nakisa stands out for its purpose-built features that cater to global enterprises with diverse needs, including support for multiple accounting standards, languages, and currencies. Nakisa’s solutions are highly configurable and scalable, with flexibility complemented by our innovation and client-centered focus.
CoStar Real Estate Manager isn’t purpose-built; it’s just one part of a broader portfolio of data and analytics solutions. It has faced criticism for its high pricing and users find CoStar’s reporting tools and overall software complex and less user-friendly.
See why Nakisa is the best CoStar alternative
PURPOSE-BUILT
Leverage powerful real estate management functionalities
Nakisa is designed to meet the complex needs of global enterprises, supporting IFRS 16/ASC 842, local GAAP, multiple languages (English, French, Spanish), and currencies. Its strong focus on accounting is a key differentiator that powers its lease management capabilities, making it a robust, comprehensive real estate management solution for enterprises throughout the full lease lifecycle.
CoStar focuses on lease administration and transactions. It has decent accounting functionality but the company does not excel in this area. CoStar products are also in English only, limiting useability to global enterprises with international reach.
Very easy transition because it looks and feels like it was built by real estate people so real estate users will quickly understand the system, and the flow of the system is intuitive.
Senior Manager, Real Estate at Large Retailer
Senior Manager, Real Estate at Large Retailer
INTEGRATIONS
Eliminate errors and save time with native bidirectional ERP integrations
Nakisa features native bidirectional integrations with major ERP systems like SAP ECC, SAP S/4HANA, Oracle, and Workday, as well as a robust open platform, enabling easy deployment and seamless data transfer. This provides a single repository of lease data, minimizing dual entries and eliminating errors.
CoStar integrates its Real Estate Manager solution with its other owned market information products, providing users with market analysis capabilities. However, that functionality comes at the cost of requiring third-party implementation partners for lengthy deployments to achieve ERP integration and configuration.
Once we went live and got used to the system, it became very easy to integrate with our two SAPs and do SAP postings. Nakisa is very professional in handling two SAPs at the same time, and it gives us flexibility to change the platform easily.
Lyn Kok
Project Lead at NTUC Fairprice
Lyn Kok
Project Lead at NTUC Fairprice
EASE OF USE
Work better using Nakisa’s intuitive user interfaces
Nakisa offers role-based workflows and team-specific UIs, enabling each team—whether real estate, lease accounting, facility, or capital project management—to work independently and have the functionality and user-friendly interface they need to achieve their goals. Despite team-specific setups, all teams operate within a unified asset repository, using the same data and platform to ensure cross-team alignment. This approach helps clients reduce the learning curve and achieve quick time-to-value and high ROI with Nakisa’s comprehensive, intuitive product portfolio.
CoStar has been described as an all-in-one platform, with some users liking its extensive features and admin tools. However, many others find it clunky and complex; there’s a steep learning curve in order to take full advantage of its tools. Users find reporting especially complicated and require support to use properly.
Software is user friendly. Ever since we changed to Nakisa Real Estate management software our work has been simplified and we have easy access to our historical data.
Denis Lefebvre
Senior Property Manager at RONA
Denis Lefebvre
Senior Property Manager at RONA
configurable
Get greater and faster ROI with Nakisa’s fully configurable software
Nakisa’s software offers numerous features, all of which have fields and names that can be easily configured to match your business requirements and reflect your operations. Your IT team can easily set default fields for users and define organization-wide or unit-specific rules, with no need for any customization from Nakisa’s team. Nakisa also provides pre-built out-of-the-box reports, dashboards, and default filters, while also enabling you to slice and dice the data as you want thanks to a powerful analytics engine. No code or BI skills are required – Nakisa’s Excel-like formulas combined with assistive AI will help you visualize any data and get actionable insights out of it. It’s all part of the powerful portfolio of Integrated Workplace Management System (IWMS) of software products purpose-built to handle complex enterprise needs.
CoStar, while offering some configurability, is less adaptable compared to Nakisa. Users often face challenges configuring reports effectively due to the complexity of CoStar’s reporting tools.
client-focused
Get smooth implementation, user experience, and upgrades from Nakisa
Nakisa maintains a multicultural approach with a diverse client base across global enterprises. Our solutions take 90 days or less to implement and meet the specific needs of many industries and are designed to be easily scalable when enterprises grow. There are no surprises throughout the lifecycle.
CoStar is focused on the North American market and may not cater as effectively to international clients. Its English-only interface limits its usefulness to multinational, multilingual enterprises.
security
Data access and cybersecurity
Nakisa is the superior choice for enterprise clients prioritizing security and compliance. Our software meets rigorous standards, including SOC 1 and SOC 2 Type II certifications, which confirm our stringent internal controls to protect customer data. Our cloud-native architecture features built-in data encryption and comprehensive audit logs, ensuring robust security as client data volumes grow.
In contrast, CoStar offers some security features, such as SOC audits, but lacks the extensive compliance safeguards that Nakisa provides. Their overall commitment to data security appears less comprehensive.
Are you ready to get purpose-built real estate management software ?
Easily switch to Nakisa, the best alternative to CoStar, offering advanced real estate management features for enterprises. We ensure a fast and easy migration from your previous solution by auditing and validating data alongside your team!
innovation
Nakisa is built on innovative cloud-native technology
Nakisa develops products tailored to evolving client needs. Our software is built on the Nakisa Cloud Platform—a secure, modern cloud-native architecture featuring advanced technologies such as Kubernetes, Kafka, and CI/CD framework. Our micro-service and containerization enable continuous delivery of functionality and innovation within a cohesive stack, allowing us to provide market-leading features. Unlike on-prem or cloud-based solutions, Nakisa offers:
- More scalability
Each separate microservice can be easily scaled up to perfectly fit your company’s growth needs here and now.
- Innovations & updates
Enjoy the speed of innovations: Two major releases per year and regular updates every 8 weeks. No downtime during the update.
- No data loss
With regular backups, your data will never be lost. Our system is failure-tolerant and protects all your data.
Nakisa is the best CoStar alternative designed for enterprises
Built with the system on independent microservices, Nakisa ensures that the whole system’s uptime is 99,5%. Even if in a rare case there is a problem with one of the microservices, it doesn’t affect others nor will it bring down the whole system. Nakisa is a failure-tolerant and self-healing system which is a crucial characteristic for enterprises.
Each Nakisa client has a dedicated account manager and a 24/7 support team to answer all questions. We always provide our users with training materials and guides. Also, we have training sessions and webinars to showcase best practices, identify main client pain points, and offer actionable solutions.
Nakisa Lease Management software has an intuitive interface and great configuration capabilities. It is easy to use for both professionals and non-tech-savvy employees. Each user has their own role-based access and permissions so that they use our software in a way that best suits their job. We also offer numerous out-of-the-box reports and dashboards that can be configured to company needs.
Let's discuss how Nakisa can benefit your enterprise
Get a free demo and see firsthand how Nakisa can streamline lease administration and lease accounting for your global company.
Disclaimer: All the information about CoStar was taken from public sources available such as CoStar’s website, YouTube page, screenshots, and reviews of real users on software review websites. Feel free to let us know if we missed any information—we are happy to update it!
For more details and updates, please contact the vendor.
GET FREE DEMO
Explore how Nakisa can benefit your business firsthand
Disclaimer: All the information about CoStar was taken from public sources available such as CoStar’s website, YouTube page, screenshots, and reviews of real users on software review websites. Feel free to let us know if we missed any information—we are happy to update it!
For more details and updates, please contact the vendor.
