Welcome to our dedicated page for CoStar Group news (Ticker: CSGP), a resource for investors and traders seeking the latest updates and insights on CoStar Group stock.
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) has completed its $800 million cash acquisition of Zonda, a provider of new home construction data, homebuilder software and residential marketplaces, adding NewHomeSource.com and Livabl to CoStar Group’s online real estate marketplace portfolio.
The deal extends CoStar Group’s data, analytics, software and marketplace capabilities into the U.S. new home construction sector, which the company cites as a roughly $400 billion annual sales market. Zonda serves more than 3,000 customers and generated about $170 million revenue in 2025 with an Adjusted EBITDA margin of 23%, adding a scaled, profitable, largely recurring subscription business. CoStar Group expects the acquisition to enhance residential segment profitability and support expansion of its consolidated margin profile.
CoStar Group reported Q2 2026 revenue of $925 million, up 18% year-over-year, with Adjusted EBITDA of $184 million, more than doubling year-over-year. Residential revenue rose 33% year-over-year to $444 million, and the residential segment produced positive Adjusted EBITDA.
CoStar Group (NASDAQ: CSGP), via its Homes.com marketplace, reported that the U.S. national median sale price reached $400,000 in July 2026, up 2.6% year over year. Home sales rose 2.9%, while homes for sale increased 4.4%, indicating modest price growth alongside expanding inventory.
Single-family prices increased 2.5%, condos 2.3%, and townhomes 0.8%, with inventory growth strongest in townhomes. Homes.com highlighted rapid platform expansion, including an average of 83 million monthly unique visitors through July 2026 and 36,000 Member Agents added over two years.
CoStar Group (NASDAQ: CSGP) appointed auction industry veteran Steve Price as President of Ten-X, its digital commercial real estate auction platform. Price previously spent 12 years in senior roles at Auction.com, most recently as Executive Vice President of Foreclosure Auction Services, where he oversaw programs responsible for billions of dollars in real estate transactions.
At Auction.com, Price helped pioneer the HUD CWCOT 2nd Chance Program, cut foreclosure division operating costs by over 40% through technology and automation, and developed remote bidding capabilities that supported more than $2.2 billion in fundings. CoStar Group plans to sharpen Ten-X’s focus as a standalone brand with its own leadership team, while auctions remain accessible on both CoStar and LoopNet. The company also plans to relaunch the Ten-X website with direct bidding functionality, aiming to reimagine the platform, grow revenue and regain share in online real estate auctions.
CoStar Group (NASDAQ: CSGP) released an updated U.S. retail forecast indicating that sector fundamentals are expected to remain broadly balanced through 2027. National retail vacancy is anticipated to hold near current levels in the near term and rise only minimally over the medium term, while rent growth is projected to strengthen modestly, supported by limited new supply and healthy tenant demand.
According to CoStar, stronger-than-expected demand earlier in the year, net store openings outpacing closures, fewer closure announcements, faster backfilling of vacant space, and an elevated pipeline of announced stores underpin the upgraded outlook. CoStar notes, however, that risks such as higher energy prices from geopolitical conflict involving Iran, potential tariff uncertainty, labor market deterioration, and weaker population gains due to tighter immigration policies could weigh on retail sales growth and tenant expansion over the forecast period.
CoStar Group (NASDAQ: CSGP), via its Apartments.com marketplace, released an updated U.S. multifamily forecast showing slightly lower expected vacancy and stronger rent growth than previously projected. National multifamily vacancy is now estimated to reach 8.2% by year‑end 2026 and ease to 8.1% by the end of 2027, while stabilized vacancy is expected to stay flat through 2026 before a modest rise in early 2027 as excess supply is absorbed.
According to CoStar Group, apartment rent growth is now projected to increase from 0.8% in Q2 2026 to 1.4% in Q3 2026, a 70‑basis‑point upward revision, with the Q4 2026 projection raised from +0.5% to +1.9%. The company describes forecast risks as balanced, citing improved employment expectations and a slowing construction pipeline as supports, and elevated energy prices and slower long‑term labor force growth as downside factors alongside a structurally undersupplied housing market.
CoStar Group (NASDAQ: CSGP) has issued a revised forecast indicating U.S. office vacancy is expected to stay roughly steady through 2026 before beginning a gradual decline, supported mainly by supply-side contraction rather than strong demand.
National office vacancy edged just below 14% in the second quarter of 2026, about 30 basis points under its mid‑2025 peak. From July 2025 to June 2026, the market saw 17 million square feet of net new office space absorbed, only the second sustained period of positive absorption since 2020. CoStar now projects net absorption of 13 million square feet in 2026 and 5 million square feet in 2027, a downgrade from its prior forecast.
According to CoStar, U.S. office inventory shrank by about 7 million square feet over the past year, with a development pipeline near 50 million square feet, matching a 2011 low. The company expects continued low deliveries and elevated demolitions to slowly reduce vacancy, while highlighting downside risks from productivity gains and AI, and potential upside if occupiers continue adding space per worker.
CoStar Group (NASDAQ: CSGP) and Apartments.com released a Q2 2026 update on U.S. multifamily vacancy, reporting a national apartment vacancy rate of 8.2%, down 26 basis points quarter over quarter and 14 basis points year over year. The decline is attributed to stronger renter demand and moderating new supply.
According to CoStar Group, U.S. apartment absorption reached about 164,000 units in Q2 2026, up 13% from a year earlier, while apartment deliveries fell to roughly 118,000 units, down 22% year over year, leading demand to exceed new supply by more than 45,000 units. Regionally, vacancy was lowest in the Northeast (5.1%) and Pacific (5.7%) and highest in the South (10.8%) and Mountain (10.2%). Austin’s vacancy declined to 12.3% and Raleigh’s to 9.0%, both showing notable year-over-year improvements as construction slowed. CoStar Group also reported its websites attracted over 118 million average monthly unique visitors in Q2 2026.
CoStar Group (NASDAQ: CSGP) reports that a 300,000-square-foot GSK prelet at Cambridge Biomedical Campus has pushed UK lab space demand to a record, with rolling four-quarter take-up exceeding 1.2 million square feet in Q3 2026.
Cambridge year-to-date leasing is above 180,000 square feet, nearly double Oxford’s total, and the GSK deal lifts 2026 volumes to almost 500,000 square feet, matching the 2015 record. At the same time, UK lab vacancies hit a record 14.3% in Q2 2026, with Golden Triangle vacancies above 25% after 1.8 million square feet of new space in two years. Only about 130,000 square feet has started construction in 2026, cutting the pipeline to around 3 million square feet, while 1.4 million square feet is still due by year-end, over 40% of it uncommitted.
CoStar Group (NASDAQ: CSGP) has revised its U.S. industrial real estate forecast, expecting national industrial vacancy, currently in the mid-7% range entering the third quarter of 2026, to rise slightly into early 2027 before gradually declining. Stronger-than-expected recent demand led to an upward revision in near-term net absorption, a slightly lower vacancy outlook, and higher projected rent growth, with average annual rents now forecast to increase about 1.9% over 2026-27.
CoStar expects elevated availability and a lingering supply overhang to keep near-term rent growth modest, but by late 2027 slowing construction and improving demand are projected to allow net absorption to exceed new supply. According to CoStar, risks are tilted to the downside, including trade and tariff uncertainty, elevated operating costs, and subdued goods spending, which could push vacancy above the baseline forecast and pressure rents. Potential upside factors include easing inflation, stronger consumer confidence, and continued resilience in leasing activity.
CoStar Group (NASDAQ: CSGP) reports that UK regional office construction has fallen to its lowest level in at least 20 years. Preliminary Q2 2026 data show annual office construction starts below 5 million square feet, compared with 16 million square feet in 2019.
Construction starts in UK regions were almost 59% below the 10-year average, while London was 57% below average. Despite weak starts, total UK office space under construction rose in Q2 2026 due to low completions. By mid-2026, London accounted for almost three-quarters of UK office space under construction, up from about half in 2021, with regional construction falling below 6 million square feet, or 0.5% of stock, versus 3.7% in London.