CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. LoopNet is the most heavily trafficked commercial real estate marketplace online with over 6 million monthly unique visitors. Realla is the UK’s most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. CoStar Group’s websites attracted an average of over 47 million unique monthly visitors in aggregate in the fourth quarter of 2019. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the industry’s largest professional research organization.
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COVID-19 has caused commercial real estate leasing activity to fall to historically low levels. Leasing activity usually tends to be resilient in downturns, for the simple reason that leases expire, and tenants have to make decisions about their space. Social distancing and working at home have made coordinating a new lease all the more difficult.
CoStar recently released its monthly Commercial Repeat Sale Indices (CCRSI), providing the market's first look at commercial real estate pricing trends through May 2020. Based on 538 repeat sale pairs in May 2020 and more than 227,324 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity.
Liquidity Indicators Beginning to Show a Wider Gap Between Buyer And Seller Expectations. CoStar recently released its monthly Commercial Repeat Sale Indices (CCRSI), providing the market's first look at commercial real estate pricing trends through April 2020.