CoStar Group, Inc. CSGP

CSGP Company Overview

CoStar Group, Inc. is a leading provider of commercial real estate information, analytics, and online marketplaces, operating primarily within the commercial real estate data and analytics, digital marketplace, and property technology (PropTech) industries. The company’s core business is the aggregation, standardization, and analysis of extensive real estate data, which it delivers through subscription-based platforms and high-traffic online marketplaces to professionals across the real estate ecosystem.

CoStar’s primary revenue drivers are subscription fees from its data and analytics platforms and advertising and lead-generation revenue from its online property marketplaces. Its customer base includes commercial real estate brokers, property owners, investors, lenders, appraisers, corporate occupiers, and increasingly residential real estate participants. The company is differentiated by the scale of its proprietary database, which is built through a large in-house research organization and continuous data verification, creating high switching costs and a defensible competitive position. Founded in 1987, CoStar began as a provider of commercial property information in Washington, D.C., and has evolved through organic growth and acquisitions into a global real estate information and marketplace company.