CoStar Group, Inc. (NASDAQ — CSGP) is commercial real estate’s leading provider of information, analytic and marketing services.
Founded in 1987, CoStar is the primary provider of websites for commercial real estate (CRE) information, analytics and marketing services. The company conducts ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availability.
Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 3,500 worldwide, including the industry’s largest professional research organization.
CoStar has grown rapidly through organic expansion and strategic acquisitions. In 2012, CoStar acquired LoopNet.com, the largest online marketplace for commercial properties, with 5 million monthly unique visitors and approximately 100,000 paying customers. CoStar went on to acquire Apartments.com, the largest online apartment rental listings marketplace.
CoStar is on the fast growth track given the huge potential market for the Company’s information, analytic and property marketing services. The Company is well on its way to reaching its goal of $1.5 Billion in revenue by the end of 2020 and doubling the size of the business over the next five years at even higher earnings levels.
Author: CoStar Group