Methodology

Sale Transactions

• Eligible top sales transactions include sales involving the following property types: office, industrial, flex, retail, health care, hospitality, 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 recognised are eligible.
• Only arm’s length transactions are eligible.

Lease Transactions

• The CoStar Awards Quarterly Deals award designation recognises 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 recognised are eligible.