The company says in an average month, 25 million people visit CoStar Group’s family of websites to lease, buy, or analyze a wide range of office, industrial, retail or farm properties. CoStar operates properties like Apartments.com, BizBuySell, LoopNet, and more.
“Our researchers play a very important role in our economy by helping growing businesses find the offices, stores, land, industrial properties or multifamily locations that are essential to their success,” said Andrew Florance, CoStar Group Founder and CEO. “We employ a highly educated and motivated work force and chose Richmond as the ideal environment in which to grow our company because it offers access to an incredibly strong higher education system and a great quality of life.”
The new Richmond center is expected to be a technology innovation hub, powering the software development necessary to support the trillions of pieces of content making up the big data behind CoStar’s success.
“We’re excited to welcome CoStar Group’s new research center to Richmond, which will make the company one of the largest employers in our city,” said Governor Terry McAuliffe. “CoStar Group’s track record for success, environmental responsibility, professional development programs, and commitment to community outreach reflects the type of company we know our residents would be fortunate to be a part of.”