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Real Estate · head to head

ARGUS Enterprise vs BoomTown

ARGUS Enterprise logo

ARGUS Enterprise

Real Estate

Cash flow forecasting and valuation software for commercial real estate, the industry-standard modelling tool now sold by Altus Group with no published price

From
On request
Rated
-
Full reviewWebsite
BoomTown logo

BoomTown

Real Estate

All the Tools, Technology, and Teams for Real Estate Success

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: ARGUS Enterprise pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.; BoomTown pricing across its four tiers (Launch, Core, Grow, Advance) is not published; the site directs buyers to request a demo or call sales instead of listing a figure for any tier
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which ARGUS Enterprise and BoomTown actually diverge.

Attributes where ARGUS Enterprise and BoomTown differ
AttributeARGUS EnterpriseBoomTown
PlatformsWindows, WebWeb

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Real Estate).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in ARGUS Enterprise

  • DCF valuation
  • Traditional capitalisation methods
  • Lease-by-lease analysis
  • Portfolio budgeting
  • ARGUS Intelligence
  • ARGUS file interoperability

Only in BoomTown

Nothing recorded that ARGUS Enterprise does not also cover.

What people use each for

The jobs each tool is most often brought in to do.

ARGUS Enterprise

  • An institutional investor needing DCF valuations in the ARGUS file format lenders and counterparties expectnot BoomTown
  • An appraiser producing defensible, industry-standard valuation reports for institutional clientsnot BoomTown
  • A REIT or investment manager running portfolio-wide budget and scenario comparisons across propertiesnot BoomTown
  • A CRE professional pursuing ARGUS Software Certification as a recognised credential for career progressionnot BoomTown

BoomTown

  • Real estate lead pipeline development and managementnot ARGUS Enterprise
  • Agent growth through pipeline consistency and opportunity capitalizationnot ARGUS Enterprise
  • Broker operations and market management at scalenot ARGUS Enterprise
  • Predictive analytics to identify high-value real estate prospectsnot ARGUS Enterprise
  • Mobile CRM adoption for on-the-go business management by agentsnot ARGUS Enterprise

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

ARGUS Enterprise

  • Pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.
  • Because the ARGUS file format is the institutional standard, firms are effectively locked into the platform to participate fully in institutional deal flow, regardless of whether a cheaper tool would otherwise serve them.
  • The interface and modelling workflow have a steep learning curve, which is precisely why the ARGUS Software Certification exists as a distinct, paid credentialing track.
  • Altus Group also owns Reonomy, a CRE data product, which means a firm buying both ARGUS and Reonomy is concentrating spend with a single vendor across valuation and data.
  • It is a modelling and valuation tool, not a data source; a firm still needs separate market data (CoStar, Reonomy or similar) to populate the assumptions ARGUS models run on.

BoomTown

  • Pricing across its four tiers (Launch, Core, Grow, Advance) is not published; the site directs buyers to request a demo or call sales instead of listing a figure for any tier

Pricing, plan by plan

ARGUS Enterprise

On request
  • ARGUS Enterprise$undefined/year
    • No published pricing, quote required from Altus Group
    • Licensed per user, typically annual subscription
    • ARGUS Intelligence and certification training priced separately

BoomTown

On request

No published plan breakdown. See the BoomTown review.

Which should you pick?

Choose ARGUS Enterprise if

  • You need dcf valuation.
  • You work on Windows, Web.
  • You also want traditional capitalisation methods.
ARGUS Enterprise review

Choose BoomTown if

Nothing in the data separates BoomTown from ARGUS Enterprise on the points above - pick on price and on how each one feels to use.

BoomTown review

Questions people ask

Is ARGUS Enterprise or BoomTown better?
Neither clearly leads. ARGUS Enterprise starts at On request and BoomTown at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, ARGUS Enterprise or BoomTown?
ARGUS Enterprise starts at On request and BoomTown at On request.
Does ARGUS Enterprise or BoomTown run on more platforms?
ARGUS Enterprise runs on Windows, Web. BoomTown runs on Web.
What is ARGUS Enterprise best used for?
ARGUS Enterprise is most often used for an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect, an appraiser producing defensible, industry-standard valuation reports for institutional clients, a reit or investment manager running portfolio-wide budget and scenario comparisons across properties, a cre professional pursuing argus software certification as a recognised credential for career progression. Of those, an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect and an appraiser producing defensible, industry-standard valuation reports for institutional clients are not what BoomTown is typically brought in for.
What can ARGUS Enterprise do that BoomTown cannot?
ARGUS Enterprise covers DCF valuation, Traditional capitalisation methods, Lease-by-lease analysis, Portfolio budgeting.

Answered from the vendors’ own pages

ARGUS Enterprise: Is there a published ARGUS Enterprise price?

No. Altus Group quotes pricing directly, licensed per user on typically an annual basis.

BoomTown: What does Boomtown cost?

Boomtown offers four service tiers, Launch, Core, Grow, and Advance, that scale with business size from solo agents to enterprise brokers. Specific pricing is not publicly listed; contact sales at (843) 300-3300 or request a demo.

Source
ARGUS Enterprise: What is ARGUS Software Certification?

A professional credential recognising proficiency in ARGUS Enterprise, reflecting how central the platform is to institutional CRE valuation work.

ARGUS Enterprise: Why is ARGUS considered an industry standard?

Its output file format has become the de facto exchange standard lenders and institutional investors expect when reviewing a commercial property valuation.

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