By CoStar GroupLearning Objectives
- Understand what CoStar does for commercial real estate professionals
- Evaluate the Homes AI conversational search expansion
What Is CoStar AI?
CoStar Group (NASDAQ: CSGP) is the dominant data and analytics platform for commercial real estate — providing property data, lease benchmarking, and market analytics to brokers, investors, and developers. In February 2026, CoStar launched Homes AI on Homes.com — a conversational AI home search experience powered by Microsoft Foundry supporting voice and text queries.
With $3.2 billion in FY2025 revenue (+19%) and record $308 million in net new bookings, CoStar is expanding AI across both commercial and residential real estate.
Company Details
| Detail | Info |
|---|---|
| Company | CoStar Group (NASDAQ: CSGP) |
| CEO | Andy Florance (founder) |
| Headquarters | Washington, D.C. |
| Revenue (FY2025) | $3.2 billion (+19% year-over-year) |
| 2026 Guidance | $3.78-3.82 billion |
| Market Cap | ~$18.3 billion |
| Products | CoStar, LoopNet, Homes.com, Apartments.com |
| Website | costar.com |
