Sr Director, Lease Comps

Sr Director, Lease Comps

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Job Description

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THE ROLE

CoStar delivers real-time, verified commercial real estate data that helps clients confidently spot great opportunities and make smart choices ahead of competitors. By combining the power of CoStar’s independent research organization – the industry’s largest – with global data delivery, software, and application solutions, clients can act on opportunities with confidence.

CoStar captures critical information that enables our commercial real estate clients to make informed, high impact business decisions daily. CoStar Group’s research contributes to the most important segment of our economy, helping businesses open offices, retail stores, warehouses, and manufacturing facilities. CoStar Group is seeking a Sr. Director of Lease Abstraction to join our Real Estate Manager business unit to facilitate building out a lease abstraction practice.

As a Sr. Director of Lease Abstraction at CoStar Group, you will lead and develop a team of Lease Abstraction Managers to ensure their teams are providing CoStar product and clients with accurate and actionable data. This role requires a strategic thinker with a passion for operational excellence, leadership development, and cross-functional collaboration. The Director will drive department performance, foster a culture of continuous improvement, and support the growth and development of both managers and their teams.

This position is in office Monday through Friday.

RESPONSIBILITIES

• Set clear departmental goals aligned with company objectives, ensuring alignment across teams and driving long-term success.
• Hire, lead and mentor a team of managers, empowering them to develop high-performing individual contributors. Provide guidance, coaching, and performance feedback.
• Identify opportunities to streamline processes, improve efficiency, and ensure consistency in operational execution.
• Oversee goal setting, key performance indicators (KPIs), and performance reviews for managers and their teams. Address performance gaps and foster a culture of accountability.
• Collaborate with cross-functional teams, such as Engineering, Product, Data Analytics, and other Research peers to align organizational objectives.
• Lead organizational change efforts by effectively communicating vision, impact, and expectations to the broader team.
• Use data, metrics, and reporting to assess departmental health, inform decision-making, and support continuous improvement initiatives.
• Support the career growth and development of managers and individual contributors through mentorship, professional development opportunities, and succession planning.
• Coordinate and manage the workload and activities of team members to ensure maximum productivity, efficiency and performance is achieved.
• Participate in collaborative development of training materials and ongoing development opportunities for the team.
• Conduct regular audits on the team members to ensure the accuracy and completeness of abstracted lease data. Action audit feedback to show improvement.
• Ensure the team consistently meets deadlines and productivity targets.
• Recommend and implement process or technology improvements to gain efficiencies and consistency where possible.
• Contribute to the vision of being a ‘center of excellence’ and ‘employer of choice’ through trust, open communication, creative thinking and cohesive team effort.

BASIC QUALIFICATIONS

• Bachelor's Degree required from an accredited, not for profit University or College.
• A track record of commitment to prior employers.
• 15+ years previous applicable experience with 5+ years of leading a team of 4 or more managers, who are responsible for teams of 4 or more.
• 10+ years of Microsoft Office Experience.
• Comprehensive knowledge of commercial lease structures, terms, financial concepts and legal documents.
• Demonstrate a strong business acumen, understanding of operational processes, project management and process improvement methodologies.
• Strong leadership skills with a proven track record of coaching, development and motivating teams.
• Experience leading teams through periods of change, growth and transformation.
• Proficient in using lease management software and database systems.
• A track record of commitment to prior employers.
• Excellent analytical and problem-solving skills, with attention to detail and accuracy.
• Ability to interact at all levels and establish rapport with both internal and external stakeholders.

Internal applicants are expected to have the following qualifications/experience combination:

• Bachelor's degree required coupled