CoStar Group (NASDAQ:CSGP) is a leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987 by Andrew C. Florance, the company has developed a comprehensive database of properties, transactions and market analytics that serve brokers, landlords, investors and corporate occupiers. CoStar’s suite of research tools and real-time data feeds supports decision-making across office, industrial, retail and multi-family sectors by offering detailed insights into vacancies, lease rates, sales comparables and market trends.
The company offers a range of flagship products and services designed to meet the needs of real estate professionals. Its CoStar Suite platform provides subscribers with mapping, forecasting and property-level analysis, while LoopNet functions as an online marketplace connecting buyers and tenants with available commercial listings. CoStar also owns Apartments.com, a leading digital rental platform serving the multifamily market, and STR, which delivers data and analytics for the global hospitality industry. Additional offerings include BizBuySell for business sales, Ten-X for online property auctions and Hoovers for company profiles and business intelligence.
CoStar Group maintains a broad geographic footprint, with operations in the United States, United Kingdom, France, Germany, Spain, Canada, Ireland and the Netherlands. The company’s global network comprises thousands of local researchers who verify property records, track for-sale listings and capture leasing activity. CoStar’s data centers and cloud infrastructure support high-volume processing of structured and unstructured data, ensuring users have access to up-to-date information across multiple asset classes and regions.
Under the leadership of founder and Chief Executive Officer Andrew C. Florance, CoStar Group has grown through strategic acquisitions and continued investment in technology. The management team emphasizes product innovation, expanding automation and predictive modeling capabilities to enhance user experience. With a focus on long-term contracts and subscription-based revenue streams, CoStar aims to further strengthen its position as the premier information provider for the commercial real estate industry.
