CoStar Group, Inc. (CoStar), incorporated on February 2, 1998, is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France. The Company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. The Company manages its business geographically in two segments: North America, which includes the United States and Canada, and International, which includes the United Kingdom, Spain, Germany and France. Its suite of information, analytics and online marketplaces is branded and marketed to its customers. Its services are primarily derived from a database of building-specific information and offer customers specialized tools for accessing, analyzing and using its information.
The Company has five brands: CoStar, LoopNet, Apartments.com, BizBuySell and LandsofAmerica. Its subscription-based services consist primarily of information, analytics and online marketplace services offered over the Internet to commercial real estate industry and related professionals. The Company's CoStar Property Professional (CoStar Property) provides subscribers an inventory of office, industrial, retail and multifamily properties and land in markets throughout the United States, the United Kingdom and parts of Canada, including for-lease and for-sale listings, historical data, building photographs, maps and floor plans.
Commercial real estate professionals use CoStar Property to identify available space for lease, evaluate leasing and sale opportunities, value assets and position properties in the marketplace. Its clients also use CoStar Property to analyze market conditions by calculating current vacancy rates, absorption rates or average rental rates, and forecasting future trends based on user selected variables. Its CoStar Property provides subscribers with map-based search capabilities, as well as a user controlled, password protected extranet (or electronic file cabinet) where brokers may share space surveys and transaction-related documents online, in real time, with team members. When used together with CoStar Connect, CoStar Property enables subscribers to share space surveys and transaction-related documents with their clients, accessed through their corporate Website. Its CoStar Property, along with all of CoStar's other core information, analytics and online marketplaces, is delivered through the Internet.
The Company's CoStar Lease Analysis is a workflow tool that allows subscribers to incorporate CoStar data with their own data to perform in-depth lease analyses. Its CoStar Lease Analysis can be used to produce an understandable cash flow analysis, as well as metrics about any proposed or existing lease. It combines financial modeling with CoStar's property information, enabling the subscriber to compare lease alternatives. Its CoStar COMPS Professional (CoStar COMPS) provides coverage of comparable commercial real estate sales information in the United States, the United Kingdom and parts of Canada. It is the database of comparable sales transactions and is designed for professionals needing to research property comparables, identify market trends, expedite the appraisal process and support property valuations. Its CoStar COMPS offers subscribers various fields of property information, access to support documents (deeds of trust) for new comparables, demographics and the ability to view for-sale properties alongside sold properties in three formats: plotted on a map, aerial image or in a table.
The Company's CoStar Tenant is a detailed online business-to-business prospecting and analytical tool providing commercial real estate professionals with the commercial real estate-related tenant information available in the United States, the United Kingdom and parts of Canada. Its CoStar Tenant profiles tenants occupying space in commercial buildings and provides updates on lease expirations, as well as occupancy levels, growth rates and various other facts. Delivering this information through the Internet allows users to target prospective clients through a searchable database that identifies only those tenants meeting certain criteria.
The Company's CoStar Go is an iPad application that integrates and provides subscribers of CoStar Suite mobile access to its property, comparable sales and tenant information in its suite of online service offerings, consisting of CoStar Property Professional, CoStar COMPS Professional and CoStar Tenant. Its CoStar Go provides a location-centric mobile interface that allows users to access and display information on millions of properties and gain instant access to analytic data and demographic information from the field. The Company's CoStar Market Analytics is an analytics platform for owners, investors and lenders, and provides a view of the commercial real estate market, including competitive properties, sale comparables, lease comparables, market trends and economic forecasting. Its CoStar Lease Comps, included as part of CoStar Suite services, provides subscribers a solution that captures, manages and maintains their lease data. CoStar Lease Comps also analyzes lease data.
The Company's CoStar Advertising offers property owners and brokers a way to market a space for lease or a property for sale directly to CoStar subscribers looking for that type of space through interactive advertising. The Company's advertising model is based on varying levels of exposure, enabling the advertiser to target its budget permits. With the CoStar Advertising program, when the advertiser's listings appear in a results set, they receive priority positioning and are enhanced to stand out. The advertiser can also purchase exposure in additional submarkets, or the entire market area so that this ad will appear even when this listing would not be returned in a results set.
The Company's CoStar Portfolio Strategy services are designed to meet the research and risk management needs of commercial real estate owners, investors, lenders and government regulators. Its CoStar Portfolio Strategy leverages its staff of analysts, economists and strategists to consult with clients on investment and lending strategies, including custom strategic research and portfolio strategy, target market selection, capital-raising initiatives, relative value and custom scenario analyses, and acquisition and disposition studies.
Its CoStar Risk Analytics COMPASS is a commercial real estate risk management tool. It allows users to calculate Probability of Default, Loss Given Default, Expected Loss and Unexpected Loss at various confidence levels for a loan or a portfolio. It provides direct comparisons of credit risk and refinance risk across Time, Market, Property Type and Loan Structure for all macroeconomic forecast (including Federal Stress Testing/Comprehensive Capital Analysis and Review (CCAR)) scenarios. Its CoStar Risk Analytics COMPASS is used by lenders, issuers, servicers, ratings agencies and regulators to estimate required loss reserves, economic capital and regulatory capital, target lending opportunities, set pricing strategy, objectively compare/price loans, allocate capital, manage refinance risk and conduct stress testing. Clients for CoStar Risk Analytics COMPASS services or data include Systemically Important Financial Institutions (SIFIs), as well as various other banks, insurance companies, hedge funds and government financial regulators.
CoStar Investment Analysis Portfolio Maximizer is a real estate portfolio management software solution. Its CoStar Investment Analysis Portfolio Maximizer allows users to model partnership structures, calculate waterfall distributions and fees, model and analyze debt obligations and create various what if scenarios for alternative investment decisions.
The Company's CoStar Investment Analysis Request is the business intelligence software solution built for managing commercial real estate investments. The CoStar Investment Analysis Request helps users eliminate some of the difficulties of consolidating real estate investment data from disparate sources and facilitates standardization of information presentation and reporting across an organization. Its CoStar Investment Analysis Request also provides a platform for users to develop business intelligence and reporting capabilities.
The Company's CoStar Real Estate Manager Corporate Edition is a real estate management software solution designed for corporate real estate managers, company executives, business unit directors, brokers and project managers. Its CoStar Real Estate Manager Corporate Edition helps users connect real estate initiatives with company strategic goals, streamline portfolio operations, automate the process for collecting and managing space requests, manage occupancy costs with analytics that track location performance against targets, and manage location performance through proactive portfolio management. Its CoStar Real Estate Manager also provides lease abstraction and data review services in order to facilitate the implementation of this software solution.
The Company's CoStar Private Sale Network provides clients with custom-designed and branded Websites to market their listings directly to investors. Its CoStar Private Sale Network allows investors to customize a commercial real estate Website and build and send e-mail communications to announce listings, calls for offers and bid deadlines. Its CoStar Brokerage Applications provides users with access to the latest tools to manage and optimize business operations. These project management tools allow users to track critical dates, employee or organization-wide results and current and prospective projects.
The Company's LoopNet Basic and Premium Membership offers two types of memberships on the LoopNet marketplace, basic and premium. Basic membership is available free-of-charge to anyone registering at its LoopNet Website and enables members to experience some of the benefits of the LoopNet offering, with limited functionality. As of January 31, 2017, LoopNet had approximately 10.8 million registered members, of which 82,000 were premium members. Its LoopNet Premium Lister is designed for commercial real estate professionals and other customers seeking the possible exposure for their listings, access to leads lists, and marketing and searching tools. LoopNet Premium Lister provides subscribers with the ability to market their listings to all LoopNet.com visitors, as well as various other features. LoopNet Premium Lister is available for a quarterly or annual subscription. The Company's LoopNet Premium Searcher is designed for members searching for commercial real estate needing commercial real estate marketplace searching access, reports and other marketing and searching tools. Its LoopNet Premium Searcher provides subscribers with access to all LoopNet property listings, including Premium and Basic Listings, as well as various other features. LoopNet Premium Searcher is available for a monthly, quarterly or annual subscription.
The Company's LoopLink is an online real estate marketing and database services suite that enables commercial real estate firms to showcase their available properties both on the LoopNet marketplace and on the brokerage firm's own Website using hosted search software. Within LoopNet, each LoopLink listing is branded with the client's logo and is hyperlinked to the client's Website. In addition, the LoopLink service provides customizable, property search and results screens that can be integrated into the client's Website. The LoopNet import service offers the opportunity to simplify the process of submitting listings to LoopNet from the client's internal databases, and features data matching and data integrity rules and file conversion capabilities. LoopNet charges a monthly subscription fee to commercial real estate firms for the LoopLink service. Features of LoopLink include reporting and listing administration tools, property mapping for geographic and feasibility analysis, thumbnail photos and property descriptions in search results.
Apartments.com, part of its network of apartment marketing sites, provides a range of advertisement packages and enhancements that allow property managers and owners to fully showcase their apartment community through increased exposure and interactions that allow renters to view, engage and connect with the community, including featured community listings, customized flyers and brochures, and special offer coupons. The Company's ApartmentHomeLiving.com, part of its network of apartment marketing sites, provides renters with another national online apartment rentals resource that showcases apartments for rent with official prices, pictures, floor plans and detailed information on each apartment. Its ApartmentFinder.com, part of its network of apartment marketing sites, provides lead generation, advertising and Internet marketing solutions to property managers and owners through its main service, ApartmentFinder.com. Its Apartamentos.com, part of its network of apartment marketing sites, provides Spanish speaking renters with a national online apartment rentals resource offered in Spanish, with the same primary features found on Apartments.com. The Company's WestsideRentals.com, part of its network of apartment marketing sites, specializes in Southern California real estate rentals.
The Company's LandsofAmerica.com and LandAndFarm.com are online marketplaces for rural land for sale. Sellers pay a fee to list their land for sale and interested buyers can search the respective sites' listings for free. The LandsofAmerica.com and LandAndFarm.com Websites are also accessible through the Company's Land.com domain. Its BizBuySell.com and BizQuest.com are online marketplaces for operating businesses for sale. Business sellers pay a fee to list their operating businesses for sale and interested buyers can search the respective sites' listings for free. The BizBuySell and BizQuest Franchise Directories allow interested business buyers to search hundreds of franchise opportunities and franchisors can list their availabilities in the directory on a cost per lead basis.
The Company competes with commercialsearch.com, PropertyLine.com, Reed Business Information Limited, officespace.com, MrOfficeSpace.com, TenantWise, www.propertyshark.com, Rofo, BuildingSearch.com, CIMLS, CompStak, Rightmove, estatesgazette.com, DebtX, Xceligent, eProperty Data, CBRE Economic Advisors, Marshall & Swift, Yale Robbins, Reis, Real Capital Analytics, The Smith Guide, Yardi Matrix, Axiometrics, Inc., ReScour, Inc., RealMassive, ApartmentGuide.com, ForRent.com, Zillow Rentals, Trulia Rent, Craigslist, ApartmentList.com, Rent.com, Move.com, Catalyst, the National Association of Realtors, CCIM Institute, Society of Industrial and Office Realtors, the Commercial Association of Realtors Data Services, the Association of Industrial Realtors, Cougar Software, MRI Software, Altus, Intuit, Accruent, Tririga, Manhattan Software, Lucemex and AMT.
1331 L St NW
The company trades on NASDAQ exchange. The company headquarter is located in District of Columbia, DC. The company was established in the 1987.| Ticker | CSGP |
| Long Name | CoStar Group, Inc. |
| Short Name | CoStar |