CoStar Group reports company developments across online real estate marketplaces, property information, analytics, and 3D digital twin technology. News commonly covers market data and forecasts from CoStar and Apartments.com, including multifamily rent trends, office leasing, retail and industrial vacancy, hotel performance, and regional investment activity in the property markets.
Company updates also include quarterly operating results, bookings trends, marketplace traffic, acquisitions, and corporate governance developments. CoStar Group serves commercial and residential real estate customers through information products and marketplace brands used for property discovery, advertising, research, and market intelligence.
CoStar Group (NASDAQ: CSGP) published retail market data showing U.S. occupancy continued to improve in the third quarter of 2026. National occupied space increased by roughly 8.5 million square feet, following a 10.3 million-square-foot gain in the previous quarter.
Tenants moved into nearly 96.7 million square feet of existing space, the highest total since mid-2022 and the second consecutive quarter above 96 million square feet. Move-outs eased to roughly 92.3 million square feet, down 7% year over year. Newly delivered buildings totaled about 12.3 million square feet, the smallest quarterly contribution since 2021.
CoStar Group (CSGP) has signed a definitive agreement to acquire aerial imagery provider Vexcel for approximately $730 million in cash. Vexcel generated more than $140 million in revenue in the last twelve months, up over 30% from the previous twelve months, with an Adjusted EBITDA margin of approximately 20%. Its imagery covers more than 45 countries and 320 major global metros.
CoStar believes AI could extract hundreds of data fields per property across approximately half a billion properties captured by Vexcel. It also expects the acquisition to increase adjusted earnings per share in the first full year of ownership. Closing is expected in the first quarter of 2027, subject to regulatory approvals and customary closing conditions. Vexcel will retain its brand, continue serving customers and partners worldwide, and remain led by Erik Jorgensen and its leadership team.
CoStar Group (CSGP) reported third-quarter revenue of $952 million, alongside a return to profit and higher full-year earnings guidance. Revenue rose 14% year over year. Net income reached $74 million versus a $31 million loss, and diluted earnings per share were $0.18 versus a $0.07 loss. Adjusted EBITDA, a measure of earnings excluding certain expenses, reached $229 million, versus $114 million a year earlier.
The company raised its 2026 revenue outlook to $3.75 billion–$3.77 billion, adjusted EBITDA to $820 million–$840 million and adjusted earnings per share to $1.38–$1.41. Fourth-quarter revenue is expected at $976 million–$996 million. Nine-month operating cash flow rose to $455 million from $268 million. Cash and cash equivalents fell to $500 million from $1.633 billion at year-end, alongside acquisition spending and share repurchases. CoStar completed its Zonda acquisition and agreed to acquire Vexcel.
CoStar Group (NASDAQ: CSGP) reported that U.S. retail asking rent growth slowed to 1.6% annually in the third quarter of 2026.
Growth fell from 2.3% in the previous quarter and 2.9% a year earlier, reaching its slowest pace since 2017. Every major retail format recorded slower growth than a year earlier. Annual growth was roughly 2.4% for power and neighborhood centers, about 1.7% for strip centers and malls, and roughly 1.0% for general retail properties. CoStar attributed the moderation to tenant resistance to rent increases amid elevated operating costs and more selective expansion plans.
CoStar Group (NASDAQ: CSGP) reported that the U.S. industrial new lease count index returned to its historical peak while renewals declined. The index for leases of 200,000 square feet or more reached 92% of its peak, versus about 90% for leases of 50,000–199,999 square feet. Categories below 50,000 square feet stood at roughly 91–98%, with momentum leveling off in several size ranges.
Dallas-Fort Worth and Austin averaged 97% and 95% of peak across size bands; St. Louis, East Bay and Cincinnati averaged only 53–59%. Dallas-Fort Worth, Austin and Houston reached historical peaks for leases of 200,000 square feet or more. CoStar cautioned that new leasing does not translate directly into net absorption, or the net change in occupied space: relocations and weaker renewals can leave vacancies behind. Midsized buildings still face excess supply and elevated competition for tenants.
CoStar Group (NASDAQ: CSGP) reported a decline in U.S. retail space under construction in the third quarter of 2026.
Roughly 58.3 million square feet was under construction, down from 60.6 million in Q2 and 63.3 million in Q1. The total was unchanged from a year earlier and roughly 4% below the prior 10-year average of 60.7 million square feet. New construction starts totaled about 7.7 million square feet, down from 10.7 million in Q2 and the lowest quarterly total since at least 2016.
CoStar expects the pipeline to shrink further before a meaningful recovery, citing elevated development costs, financing costs moving higher and flat asking rents during the quarter.
CoStar Group (NASDAQ: CSGP) released Homes.com’s September 2026 housing report, showing modest national home-price growth alongside fewer sales and expanding inventory. The national median sale price rose 0.6% year over year to $386,000, while sales declined 6% and active listings increased 1.9%.
Prices rose in 593 of 933 markets, or 64%. Among the 40 largest markets, San Francisco’s median price increased 14.7% to $1,689,500 as inventory fell 14%. Raleigh, San Antonio, Charlotte, Atlanta and Dallas-Fort Worth recorded price declines exceeding 2%. By property type, the median single-family price rose 1.3% to $395,000, while townhome prices fell 0.1% to $355,000 and condominium prices declined 1.4% to $345,000. Condominium sales fell 10.1%. Homes.com’s economist said high costs were keeping some buyers on the sidelines, while limited supply supported prices in many markets.
CoStar Group (CSGP) subsidiary BizBuySell published its Q3 2026 Insight Report on U.S. business sales and buyer and seller sentiment.
The report tracked 2,132 business transactions, essentially flat from Q2 and down 7% year over year. The median sale price rose 17% year over year to $350,000, while market-wide average cash flow multiples increased 2.6%. Buyer confidence fell to 49 and seller confidence declined to 47. Both measures declined year over year for two consecutive years, a first since tracking began in 2013. BizBuySell described buyers as increasingly selective, favoring profitable businesses with reliable financial performance. Among owners planning to sell, 27% said current conditions had them considering an earlier sale.
CoStar Group (CSGP) reported that U.S. office leasing improved over the past year but remained below its pre-pandemic historical average. New leases averaged 105 million square feet over the past four quarters, roughly 10 million square feet below the 2015–19 average.
CoStar attributed limited relocation options to elevated construction and financing costs and unusually slow renovations. San Francisco’s quarterly leasing volume exceeded its pre-pandemic level of 2% of inventory, driven by AI-related technology leasing. Volume was also elevated in New York, Nashville and Miami; Charlotte and Dallas recently recorded historically typical activity.
CoStar Group (NASDAQ: CSGP) will announce third-quarter 2026 financial results after the market closes on October 27, 2026.
Management will discuss the results and company outlook on a conference call at 5:00 PM EDT that day. A listen-only webcast and subsequent audio replay will be available through the company's investor website.