---
description: Compare CoStar Real Estate Manager vs Black Owl to learn about each of the product's price, benefits and disadvantages. Choose the best software for your business in New Zealand.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/capterra/og_logo-e5a8c001ed0bd1bb922639230fcea71a.png?auto=format%2Cenhance%2Ccompress
title: CoStar Real Estate Manager vs Black Owl Comparison - Capterra New Zealand 2026
---

Breadcrumb: [Home](/) > [Lease Management Software](/directory/30219/lease-management/software) > [CoStar Real Estate Manager \<span\>vs\</span\> Black Owl](https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting)

# Compare CoStar Real Estate Manager vs Black Owl

Canonical: https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting

> Detailed comparison between CoStar Real Estate Manager and Black Owl. Check ratings, reviews, pricing, and features to make the best decision for your business.

-----

## At a Glance

| Metric | CoStar Real Estate Manager | Black Owl |
| **Overall rating** | 4.4/5 | 4.8/5 |
| **Total Reviews** | 30 | 4 |
| **Starting Price** | US$5.00 | - |
| **Free Trial** | Yes | No |
| **Free Version** | No | No |
| **Deployment** | Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Chromebook (Desktop) | Cloud, SaaS, Web-based |
| **Support** | Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat | Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep) |
| **Training** | In Person, Live Online, Webinars, Documentation, Videos | In Person, Live Online, Webinars, Documentation |

## Best for

### CoStar Real Estate Manager

CoStar Real Estate Manager offers elite real estate \&amp; lease management solutions for office tenants, enterprise corporations, retailers, restaurants, corporate real estate teams \&amp; service providers.

### Black Owl

Black Owl helps public and private companies manage lessee and lessor accounting, cut ASC 842 and IFRS 16 compliance risks, reduce costs, and deliver timely, accurate financial results.

## Key features

### CoStar Real Estate Manager

- Accounting
- Amortisation Schedule
- Audit Trail
- Budgeting/Forecasting
- Commercial Leases
- Contact Management
- Critical Date Alerts
- Currency Conversion
- Document Management
- Expense Tracking
- For Equipment Leases
- For Real Estate
- Lease Origination
- Multi-Currency
- Portfolio Management
- Property Management
- Reminders
- Retail Leases

### Black Owl

- Accounting
- Ad hoc Reporting
- Amortisation Schedule
- Audit Trail
- Budgeting/Forecasting
- Commercial Leases
- Contact Management
- Contract/License Management
- Critical Date Alerts
- Currency Conversion
- Document Management
- Expense Tracking
- For Equipment Leases
- For Real Estate
- Lease Origination
- Multi-Currency
- Portfolio Management
- Property Management
- Reminders

## Links

- [View CoStar Real Estate Manager Profile](https://www.capterra.co.nz/software/135049/costar-real-estate-manager)
- [View Black Owl Profile](https://www.capterra.co.nz/software/1033622/black-owl-lease-accounting)
- [View Original Comparison](https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting)

-----

## Structured Data

<script type="application/ld+json">
  {"@context":"https://schema.org","@graph":[{"name":"CoStar Real Estate Manager vs Black Owl Comparison - Capterra New Zealand 2026","description":"Compare CoStar Real Estate Manager vs Black Owl to learn about each of the product's price, benefits and disadvantages. Choose the best software for your business in New Zealand.","url":"https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting","about":[{"@id":"https://www.capterra.co.nz/software/135049/costar-real-estate-manager#software"},{"@id":"https://www.capterra.co.nz/software/1033622/black-owl-lease-accounting#software"}],"breadcrumb":{"@id":"https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting#breadcrumblist"},"@type":["WebPage","CollectionPage"],"@id":"https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting#webpage","isPartOf":{"@id":"https://www.capterra.co.nz/#website"},"inLanguage":"en-NZ","publisher":{"@id":"https://www.capterra.co.nz/#organization"}},{"name":"CoStar Real Estate Manager","description":"CoStar Real Estate Manager is the only lease accounting solution for enterprise companies that combines the most recommended lease management and lease accounting applications with the most trusted market data and analytics. Unbeatable CoStar automation empowers real estate and accounting teams to optimize lease portfolios, save hundreds of hours and successfully reach lease accounting compliance.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/0d9f4365-8ff8-4f7d-abd2-9e01e499efdc.png","url":"https://www.capterra.co.nz/software/135049/costar-real-estate-manager","@type":"SoftwareApplication","@id":"https://www.capterra.co.nz/software/135049/costar-real-estate-manager#software","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.capterra.co.nz/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.4,"bestRating":5,"ratingCount":30},"offers":{"price":"5","@type":"Offer","priceCurrency":"USD"},"operatingSystem":"Cloud, Apple, Windows, Chrome"},{"name":"Black Owl","description":"Black Owl Systems delivers a cloud-based lease accounting solution for organizations of any size, public or private, ensuring full compliance with ASC 842 and IFRS 16. \n\nOur platform provides complete functionality for both lessee and lessor accounting, with intuitive tools to create, modify, and manage lease agreements. \n\nOut-of-the-box reporting includes disclosures, management insights, and lease administration reports. Multi-standard and multi-currency capabilities are built in, supporting complex portfolios without additional modules or customization. \n\nEasy to implement and simple to use, Black Owl streamlines compliance while reducing manual effort.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/32699137-cbef-4821-806b-1b4219ebee59.png","url":"https://www.capterra.co.nz/software/1033622/black-owl-lease-accounting","@type":"SoftwareApplication","@id":"https://www.capterra.co.nz/software/1033622/black-owl-lease-accounting#software","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.capterra.co.nz/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.8,"bestRating":5,"ratingCount":4},"operatingSystem":"Cloud"},{"@type":"BreadcrumbList","itemListElement":[{"name":"Home","position":1,"item":"/","@type":"ListItem"},{"name":"Lease Management Software","position":2,"item":"/directory/30219/lease-management/software","@type":"ListItem"},{"name":"CoStar Real Estate Manager vs Black Owl","position":3,"item":"https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting","@type":"ListItem"}],"@id":"https://www.capterra.co.nz/compare/135049/1033622/costar-real-estate-manager/vs/black-owl-lease-accounting#breadcrumblist"}]}
</script>