At CoStar Group, we are digitizing the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. Through consistent, organic growth and targeted strategic acquisitions, we have built an international network of over 27 internationally recognized brands, streamlining and improving our data, analytics and marketplaces to create best in class products across all real estate asset types.
CoStar has a long growth runway with an addressable market for global real estate information and marketplaces of over $100 billion. Over the past 37 years, we’ve invested over $5 billion in our proprietary database with over 1,500 researchers employed giving us a significant competitive advantage. Our network of brands attract over 100 million unique monthly visitors. We have a strong financial model with over 95% of subscription revenue and 90% renewal rates for contracts with terms of twelve months or longer. We’ve delivered double digit growth every quarter since the second quarter of 2011, maintaining strong margins and high free cash flow.
We are recognized as an industry leader because we’ve created, refined, and delivered products that entire industries trust, and our stock has been included in the S&P 500 Index and Nasdaq 100 Index. We continue that effort today and are always working to improve our information, analytics and online marketplaces. Our team is our strength and by equipping the brightest minds with the best resources available, we provide an invaluable edge in commercial real estate.
Environmental, Social & Governance
CoStar Group is committed to building a foundation of responsible business strategies that drive value for our people, communities and shareholders through positive environmental, social and governance practices.