CoStar Group Named Among Richmond Times-Dispatch’s Top Workplaces in 2024
April 18 2024 - 9:00AM
Business Wire
Recognition for CoStar Group, based on employee
surveys, was awarded in first year of consideration
CoStar Group (NASDAQ: CSGP), a leading provider of online real
estate marketplaces, information, and analytics in the property
markets, announced today that it has been chosen as a 2024 Top
Workplaces USA for Richmond by the Richmond Times-Dispatch. This
was the first year that CoStar Group had been considered for the
award, which was informed by employee surveys conducted by a
neutral third party, employee research firm Energage.
“I’m very proud that we’ve been named one of Richmond’s top
places to work, an accolade that reflects our relentless focus on
building and supporting the best teams in the industry,” said
Andy Florance, Founder and Chief Executive Officer of CoStar
Group. “This is a validation of our efforts to create the most
positive environment possible for our employees and empower them to
succeed in a variety of ways. Winning this award in Richmond, where
our largest number of global employees are located, helps solidify
our reputation as a place where people want to work.”
The Richmond Times-Dispatch Top Workplaces Award recognizes
companies in the Greater Richmond area that promote a positive
workplace life and provide their employees with outstanding
training opportunities and benefits. Entrants are evaluated on
issues ranging from workplace life and work-life balance to
training opportunities and benefits, through anonymous employee
surveys.
CoStar Group prioritizes investment in its own employees as its
strongest advantage in the industry. Last year, the company
promoted 1,021 employees to new internal roles and maintained a
99.1% average monthly retention rate. It has also emphasized
best-in-class training programs, with employees averaging 54 hours
of training in 2023, a 22.7% increase compared to the year
prior.
1,774 companies, nonprofit organizations and government entities
were invited to participate in the Top Workplaces USA survey, and
130 were surveyed, the highest number in the 11-year history of the
award. CoStar Group employees submitted over 2,500 comments on
their experience working for the company.
About CoStar Group, Inc. 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 twelve million 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 160 million unique
monthly visitors in September 2023. 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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Media Matthew Blocher CoStar Group (202) 346-6775
mblocher@costargroup.com
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