CoStar Group Named One of America’s Best Large Employers by Forbes
12 Febbraio 2025 - 5:01PM
Business Wire
The prestigious annual list celebrates
organizations across the nation that have demonstrated an
outstanding commitment to fostering environments where employees
can thrive
CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group,” “we” or
“our”), a leading provider of online real estate marketplaces,
information and analytics in the commercial and residential
property markets, today was honored on Forbes’ 2025 America’s Best
Large Employers list.
CoStar Group's recognition highlights the company’s sustained
progress both within its workforce and in its external market
presence. In 2024, CoStar Group expanded its team by hiring 1,570
new employees, resulting in a 9.6% year-over-year increase in total
headcount, while also achieving a remarkable 99% monthly retention
rate. The median tenure of a CoStar Group employee stands at 4.4
years, well above the national average of 3.5 years for the private
sector, with over 2,000 employees having been with the company for
five years or more.
For the third quarter ending September 30, 2024, CoStar Group
reported $693 million in revenue, a 11% year-over-year increase,
driven by double-digit growth from its flagship platforms,
Apartments.com and CoStar. CoStar Group’s residential marketplace
Homes.com, supported by a $1 billion marketing campaign, also
achieved significant growth in traffic and brand awareness,
positioning it as one of the top two residential marketplaces in
the U.S.
“It is an honor to be recognized by Forbes as one of America’s
Best Large Employers,” said Andy Florance, Founder and Chief
Executive Officer of CoStar Group. “Each year, we’re focused on
growing and investing in our employees to drive the company’s
long-term growth and best serve our clients with industry-leading
products and services. We’ve created a team that is dedicated to
transforming the real estate industry and I’m looking forward to
seeing what we accomplish together throughout 2025 and beyond.”
Founded in 1986, CoStar Group has grown to over 6,600 employees
in 14 countries and fulfills the company’s vision to digitize the
real estate industry. CoStar Group is included in the S&P 500
Index, one of the premier benchmarks of the U.S. equities market,
and the company is also included in the NASDAQ 100, one of the
world’s largest preeminent large-cap indexes.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial
real estate information, analytics, and online marketplaces.
Founded in 1986, CoStar Group is dedicated to digitizing the
world’s real estate, empowering all people to discover properties,
insights, and connections that improve their businesses and
lives.
CoStar Group’s major brands include CoStar, a leading
global provider of commercial real estate data, analytics and news;
LoopNet, the most trafficked commercial real estate
marketplace; Apartments.com, the leading platform for
apartment rentals; and Homes.com, the fastest-growing
residential real estate marketplace. CoStar Group’s
industry-leading brands include STR, a global leader in
hospitality data and benchmarking, Ten-X, an online platform
for commercial real estate auctions and negotiated bids and
OnTheMarket, a leading residential property portal in the
United Kingdom.
CoStar Group’s websites attracted over 163 million average
monthly unique visitors in the third quarter of 2024, serving
clients around the world. Headquartered in Arlington, Virginia,
CoStar Group is committed to transforming the real estate industry
through innovative technology and comprehensive market
intelligence. From time to time, we plan to utilize our corporate
website as a channel of distribution for material company
information. For more information, visit
CoStarGroup.com.
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News Media Matthew Blocher CoStar Group (202) 346-6775
mblocher@costargroup.com
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