CoStar Subscription

The Arizona Department of Transportation (ADOT) awarded contract CTR073894 to CoStar Realty Information Inc. for a comprehensive online real estate data subscription service. The contract, procured through the Arizona Department of Administration State Procurement Office, provides ADOT's Right of Way group with access to a detailed commercial real estate database covering properties across Arizona and nationwide. The service enables research, appraisals, relocation benefit determinations, and market data analysis for various property types including commercial, industrial, retail, residential, medical facilities, hotels, and land parcels.

The contract was awarded on August 27, 2025, with an initial twelve-month performance period from August 1, 2025, to July 31, 2026, and potential extensions up to 48 months. The annual contract value is $53,701.80, with a monthly rate of $4,475.15. The procurement was deemed "Competition Impracticable" due to CoStar's extensive existing database collected since November 2018. The subscription provides real-time information about property and market values, with the potential for annual price adjustments based on the Consumer Price Index (CPI). Funding for the contract is sourced directly from the state, with no federal funding involved.