Andrew C. Florance Recognized Among Washington's Most Influential Tech Leaders for CoStar Group's Exceptional Performance

Andrew C. Florance, the visionary Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQ: CSGP), has earned a spot on Washingtonian Magazine’s prestigious 2022 Tech Titans list. This marks the second consecutive year the real estate technology executive has been featured among the capital region’s most innovative business leaders and tech influencers.

Revenue Growth and Market Position Amid Global Challenges

What makes this recognition particularly noteworthy is the timing and context. CoStar Group wrapped up 2021 with $2 billion in revenue, a robust performance that stood out against the backdrop of a global pandemic. This financial achievement underscores Florance’s strategic leadership and the company’s resilience during unprecedented market conditions. The revenue milestone reflects the growing demand for CoStar’s suite of comprehensive online real estate solutions and marketplace services.

Leading a Diversified Real Estate Technology Portfolio

Florance’s recognition extends beyond individual achievement—it reflects his stewardship of one of the most comprehensive real estate intelligence platforms in North America. CoStar Group operates more than two dozen distinct brands and services across commercial and residential property markets. The portfolio spans premium platforms including LoopNet, the most trafficked commercial real estate marketplace online; Apartments.com and its affiliated residential rental platforms; STR for hospitality industry data and analytics; Ten-X for commercial real estate auctions; and Homesnap for residential real estate professionals. Additionally, the company maintains international presence through properties like Realla in the UK and BureauxLocaux in France.

About CoStar Group’s Market Impact

Since its founding in 1987, CoStar Group has established itself as a dominant force in real estate information services. The company maintains the industry’s largest and most detailed database of commercial property data, attracting tens of millions of unique monthly visitors across its ecosystem of platforms. With headquarters in Washington, DC, and offices spanning the United States, Europe, Canada, and Asia, CoStar continues to shape how professionals and consumers interact with real estate markets globally.

Washingtonian Magazine’s Tech Titans list recognizes “the 225 most innovative and important people in DC’s tech scene,” encompassing entrepreneurs, government officials, venture capitalists, and cybersecurity experts who are shaping the region’s technology landscape.