{"id":819111,"date":"2025-02-27T08:06:07","date_gmt":"2025-02-27T13:06:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/"},"modified":"2025-02-27T08:06:07","modified_gmt":"2025-02-27T13:06:07","slug":"costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/","title":{"rendered":"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth<\/b><\/p>\n<p class=\"bwalignc\"><i>CoStar Group anticipates completing new one million square foot Richmond global operations headquarters in the spring of 2026 to house approximately 3,500 employees<\/i><\/p>\n<p>ARLINGTON, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCoStar Group, Inc, a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today shared insights on the company\u2019s plan for continued robust workforce growth in Richmond.<\/p>\n<p>\nOver the past year, CoStar Group\u2019s Homes.com network has become one of the fastest growing residential portals and is now one of the two most heavily trafficked real estate collections of websites in the U.S. The Homes.com network drew an average monthly audience of 110 million unique visitors in the fourth quarter of 2024, according to Google Analytics. To meet demand from real estate agents and home builders to market their properties on Homes.com, the company plans to add approximately 500 new Homes.com sales professionals. Most home buyers consider purchasing either new construction or an existing home. To continue growing its audience, CoStar Group is investing in creating the best possible inventory of new construction homes for sale on Homes.com. Additionally, the company is adding approximately 100 new market analysts to produce this valuable content.<\/p>\n<p>\nThe company also recently acquired Visual Lease, one of the country\u2019s leading Lease Management and Accounting platforms. CoStar Group is hiring approximately 100 analysts to leverage the content in its growing lease management platforms in order to produce state-of-the-art rent indices for clients.<\/p>\n<p>\nIn addition, the company plans to hire for additional roles in development, technology, artificial intelligence, video production, real estate writing, news, management and other roles.<\/p>\n<p>\nAs part of its ongoing efforts to enhance productivity and efficiency, the company has identified several key areas of operational focus, including maximizing revenue generation; regularly evaluating performance; and pursuing advancements with AI.<\/p>\n<p>\nCoStar Group expects to welcome nearly 500 additional new employees upon the completion of its planned acquisition of Matterport. The acquisition of Matterport furthers CoStar Group\u2019s commitment to investing in artificial intelligence, computer vision, and broadens the use of powerful digital twin technologies across its platforms.<\/p>\n<p>\nCoStar Group sees rapidly growing value in leveraging artificial intelligence to improve content creation, drive operational efficiencies, and build the next generation of digital real estate user interfaces.<\/p>\n<p>\nAs CoStar Group is committed to efficient allocation of its shareholders\u2019 resources, the company expects to eliminate roles in 2025 from efficiencies gained by using AI and reallocate those resources into other areas. The company also anticipates reducing some roles during normal annual performance management.<\/p>\n<p>\nThis strategic growth aligns with the company\u2019s long-term sustainable expansion vision and is not expected to affect the company\u2019s first-quarter or full-year financial guidance in 2025.<\/p>\n<p>\nSince establishing its global operations center in Richmond in 2016, CoStar Group has grown that office to over 2,350 employees, becoming one of the area\u2019s larger employers. The company will complete its major one million square foot campus development along the James River in May 2026. Upon completion, the campus will be nearly full and house 3,500 employees.<\/p>\n<p>\nCoStar Group remains focused on growth both within its workforce and in its external market presence. In 2024, CoStar Group expanded its workforce by hiring 1,570 new employees, achieving a 9.6% year-over-year increase in headcount and maintaining an impressive 99% retention rate. The company\u2019s median employee tenure of 4.4 years is 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.<\/p>\n<p><span class=\"bwuline\">About CoStar Group, Inc.<\/span><\/p>\n<p>\nCoStar 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\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.<\/p>\n<p>\nCoStar Group\u2019s 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\u2019s 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.<\/p>\n<p>\nCoStar Group\u2019s websites attracted over 134 million average monthly unique visitors in the fourth 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.costargroup.com%2F&amp;esheet=54216223&amp;newsitemid=20250227519930&amp;lan=en-US&amp;anchor=CoStarGroup.com&amp;index=1&amp;md5=62b62eafafb98ce252df21796a75a3a4\">CoStarGroup.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b> This press release contains forward-looking statements regarding CoStar Group\u2019s anticipated hiring plans and operational focus and the associated expected financial impacts. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements, including but not limited to market conditions and competition for talent and costs associated with executing on hiring plans and our areas of focus. Actual results may differ materially. All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250227519930r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250227519930\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250227519930\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Matthew Blocher<br \/>\n<br \/>CoStar Group<br \/>\n<br \/>(202) 346-6775<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mblocher@costargroup.com\">mblocher@costargroup.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Virginia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Retail Commercial Building &amp; Real Estate Construction &amp; Property Data Management Technology Finance Marketing Advertising Communications Professional Services Online Retail Artificial Intelligence Digital Marketing Data Analytics<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250227519930\/en\/2395107\/3\/costar-group-logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth CoStar Group anticipates completing new one million square foot Richmond global operations headquarters in the spring of 2026 to house approximately 3,500 employees ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211; CoStar Group, Inc, a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today shared insights on the company\u2019s plan for continued robust workforce growth in Richmond. Over the past year, CoStar Group\u2019s Homes.com network has become one of the fastest growing residential portals and is now one of the two most heavily trafficked real estate collections of websites in the U.S. The Homes.com network drew &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-819111","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth CoStar Group anticipates completing new one million square foot Richmond global operations headquarters in the spring of 2026 to house approximately 3,500 employees ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211; CoStar Group, Inc, a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today shared insights on the company\u2019s plan for continued robust workforce growth in Richmond. Over the past year, CoStar Group\u2019s Homes.com network has become one of the fastest growing residential portals and is now one of the two most heavily trafficked real estate collections of websites in the U.S. The Homes.com network drew &hellip; Continue reading &quot;CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-27T13:06:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250227519930r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth\",\"datePublished\":\"2025-02-27T13:06:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\\\/\"},\"wordCount\":997,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250227519930r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\\\/\",\"name\":\"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/","og_locale":"en_US","og_type":"article","og_title":"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth - Market Newsdesk","og_description":"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth CoStar Group anticipates completing new one million square foot Richmond global operations headquarters in the spring of 2026 to house approximately 3,500 employees ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211; CoStar Group, Inc, a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today shared insights on the company\u2019s plan for continued robust workforce growth in Richmond. Over the past year, CoStar Group\u2019s Homes.com network has become one of the fastest growing residential portals and is now one of the two most heavily trafficked real estate collections of websites in the U.S. The Homes.com network drew &hellip; Continue reading \"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-27T13:06:07+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250227519930r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth","datePublished":"2025-02-27T13:06:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/"},"wordCount":997,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250227519930r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/costar-group-expects-to-hire-an-additional-1000-new-positions-in-2025-predominately-in-richmond-virginia-to-support-homes-com-growth\/","name":"CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth - 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