CoStar Group Founder and CEO Andy Florance Named Inman 2025 Power Player
January 22 2025 - 10:31AM
Business Wire
The annual index highlights the year’s most
influential professionals in the residential real estate industry,
recognizes Andy Florance for the third year in a row
Andy Florance, Founder and Chief Executive Officer of 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 recognized as one of Inman’s 2025 Power Players.
The annual index, now in its third year, recognizes real
estate’s most powerful and influential leaders who are shaping the
industry’s future and charting a course toward a brighter tomorrow.
Inman’s 2025 Power Players include executives and founders as well
as innovators and visionaries, with this year’s list highlighting
and honoring 143 notable individuals from the residential real
estate, mortgage, finance and proptech ecosystems.
Florance’s recognition as an Inman Power Player is directly
attributed to his investment in CoStar Group’s residential real
estate portals, Homes.com and Apartments.com. 2024 was an
especially monumental year for Homes.com, kickstarted by a massive
$1 billion marketing campaign aired during the Super Bowl and the
launch of an agent subscription product. By the quarter ending
September 30, 2024, the Homes.com network had 130 million average
monthly unique visitors with unaided awareness increasing to 33%,
up from only 4% before the marketing campaign launch.
“It is an honor to be recognized on Inman’s Power Players list
for the third year in a row,” said Florance. “2024 was a
year of incredible growth for our residential real estate portals,
and it was only the beginning. We remain dedicated to bringing
innovative, transparent and in-depth products and services to
agents, buyers, sellers, renters and professionals in the
residential real estate industry. I’m looking forward to an
exciting year and am proud to be doing this work alongside the
other leaders honored on this list.”
Founded in 1986, CoStar Group has grown to over 6,400 employees
in 14 countries and fulfills the company’s vision to digitize the
real estate industry, empowering people to discover properties,
insights, and connections that improve their businesses and lives.
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.
For more about the Inman Power Players list, including a
complete list of winners, please visit here.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real
estate marketplaces, information, and analytics in the property
markets. Founded in 1987, CoStar Group conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of real estate information. CoStar is the global leader in
commercial real estate information, analytics, and news, enabling
clients to analyze, interpret and gain unmatched insight on
property values, market conditions and availabilities.
Apartments.com is the leading online marketplace for renters
seeking great apartment homes, providing property managers and
owners a proven platform for marketing their properties. LoopNet is
the most heavily trafficked online commercial real estate
marketplace with over thirteen million average monthly global
unique visitors. STR provides premium data benchmarking, analytics,
and marketplace insights for the global hospitality industry. Ten-X
offers a leading platform for conducting commercial real estate
online auctions and negotiated bids. Homes.com is the fastest
growing online residential marketplace that connects agents,
buyers, and sellers. OnTheMarket is a leading residential property
portal in the United Kingdom. BureauxLocaux is one of the largest
specialized property portals for buying and leasing commercial real
estate in France. Business Immo is France’s leading commercial real
estate news service. Thomas Daily is Germany’s largest online data
pool in the real estate industry. Belbex is the premier source of
commercial space available to let and for sale in Spain. CoStar
Group’s websites attracted over 163 million average monthly unique
visitors in the third quarter of 2024. Headquartered in Washington,
DC, CoStar Group maintains offices throughout the U.S., Europe,
Canada, and Asia. From time to time, we plan to utilize our
corporate website, CoStarGroup.com, as a channel of distribution
for material company information. For more information, visit
CoStarGroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250122549247/en/
News Media Matthew Blocher Vice President CoStar Group
Corporate Marketing & Communications (202) 346-6775 |
mblocher@costar.com
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