CoStar Group, founded in 1987, is a prominent provider of online real estate marketplaces and data analytics in the U.S. and U.K. The company operates leading online platforms for commercial real estate and apartments, delivering comprehensive databases, marketing services, and analytics tailored for industry professionals. Their services span various property types, including office, retail, industrial, and multifamily residential properties, thereby facilitating efficient exchanges and transactions within both commercial and residential real estate sectors.
CoStar Group's business model is heavily reliant on subscription-based services that provide users with access to a vast array of real estate information, market analytics, and online listings. They are continually expanding their offerings through acquisitions, notably enhancing their services for property managers, brokers, and users in the residential sector with amenities like real-time availability data, enhanced filtering options, and immersive visual content. Their extensive proprietary database and research capabilities position them as a leader in the industry, allowing them to meet the complex information needs of varied market participants.