CoStar Group

CoStar Group (Nasdaq: CSGP) is a leading provider of commercial real estate information, analytics, and online marketplaces. Founded in 1987, the company is headquartered in Washington, DC and is included in both the S&P 500 Index and Nasdaq 100. CoStar's mission is to digitize the world's real estate, empowering people to discover properties, insights and connections that improve their businesses and lives. For the most recent full financial year, CoStar reported annual revenue of USD 2.18 billion in 2022.

CoStar offers a range of products and services for the commercial real estate industry:

• CoStar Suite - Provides comprehensive property and market data, analytics, and forecasting tools

• LoopNet - Online marketplace for commercial property listings

• Apartments.com - Rental listing website for multi-family properties

• Ten-X - Online auction platform for commercial real estate

• Homes.com - Residential property search portal

• Real Estate Manager - Software for lease accounting and portfolio management

• Commercial Repeat-Sale Indices - Tracks commercial property price trends

In recent developments, CoStar has been expanding its presence in the residential real estate market. In January 2023, the company was in talks to acquire Move Inc., the parent company of Realtor.com, from News Corp for approximately USD 3 billion. However, by February 2023, these discussions had ended without a deal. CoStar continues to focus on growing its residential platforms like Homes.com to compete with established players in that space. The company has also been providing regular market insights and data on commercial real estate trends, such as office vacancy rates and property price changes, through its various research products.