CoStar Group Expects to Hire an Additional 1,000 New Positions in 2025, Predominately in Richmond, Virginia to Support Homes.com Growth
CoStar Group (NASDAQ: CSGP) has announced plans to hire 1,000 additional employees in 2025, primarily in Richmond, Virginia, to support the growth of Homes.com. The expansion includes approximately 500 new Homes.com sales professionals, 100 market analysts, and 100 analysts for lease management platforms.
The company's Homes.com network has become one of the two most trafficked real estate websites in the U.S., attracting 110 million unique monthly visitors in Q4 2024. CoStar Group will complete its new one million square foot Richmond global operations headquarters in spring 2026, designed to accommodate 3,500 employees.
The company expects to welcome nearly 500 additional employees through its planned Matterport acquisition, furthering its commitment to AI and digital twin technologies. While implementing AI-driven efficiencies, some roles will be eliminated in 2025, though this strategic growth is not expected to impact the company's 2025 financial guidance.
CoStar Group (NASDAQ: CSGP) ha annunciato piani per assumere 1.000 dipendenti aggiuntivi nel 2025, principalmente a Richmond, Virginia, per supportare la crescita di Homes.com. L'espansione include circa 500 nuovi professionisti delle vendite di Homes.com, 100 analisti di mercato e 100 analisti per piattaforme di gestione degli affitti.
La rete Homes.com dell'azienda è diventata uno dei due siti web immobiliari più visitati negli Stati Uniti, attirando 110 milioni di visitatori unici mensili nel quarto trimestre del 2024. CoStar Group completerà il suo nuovo quartier generale globale di un milione di piedi quadrati a Richmond nella primavera del 2026, progettato per ospitare 3.500 dipendenti.
L'azienda prevede di accogliere quasi 500 dipendenti aggiuntivi attraverso la sua acquisizione pianificata di Matterport, rafforzando il suo impegno verso le tecnologie AI e dei gemelli digitali. Sebbene vengano implementate efficienze guidate dall'AI, alcuni ruoli saranno eliminati nel 2025, anche se questa crescita strategica non dovrebbe influenzare le previsioni finanziarie dell'azienda per il 2025.
CoStar Group (NASDAQ: CSGP) ha anunciado planes para contratar a 1,000 empleados adicionales en 2025, principalmente en Richmond, Virginia, para apoyar el crecimiento de Homes.com. La expansión incluye aproximadamente 500 nuevos profesionales de ventas de Homes.com, 100 analistas de mercado y 100 analistas para plataformas de gestión de arrendamientos.
La red Homes.com de la compañía se ha convertido en uno de los dos sitios web inmobiliarios más visitados en EE. UU., atrayendo a 110 millones de visitantes únicos mensuales en el cuarto trimestre de 2024. CoStar Group completará su nueva sede global de un millón de pies cuadrados en Richmond en la primavera de 2026, diseñada para acomodar a 3,500 empleados.
La empresa espera dar la bienvenida a casi 500 empleados adicionales a través de su adquisición planificada de Matterport, avanzando en su compromiso con la inteligencia artificial y las tecnologías de gemelos digitales. Si bien se implementarán eficiencias impulsadas por la IA, algunos roles serán eliminados en 2025, aunque se espera que este crecimiento estratégico no impacte la guía financiera de la empresa para 2025.
코스타 그룹 (NASDAQ: CSGP)는 2025년에 리치몬드, 버지니아에서 Homes.com의 성장을 지원하기 위해 1,000명의 추가 직원을 채용할 계획을 발표했습니다. 이 확장은 약 500명의 Homes.com 판매 전문가, 100명의 시장 분석가 및 100명의 임대 관리 플랫폼 분석자를 포함합니다.
회사의 Homes.com 네트워크는 미국에서 가장 방문자 수가 많은 두 개의 부동산 웹사이트 중 하나가 되었으며, 2024년 4분기에는 월 1억 1천만 명의 고유 방문자를 유치했습니다. 코스타 그룹은 2026년 봄에 3,500명을 수용할 수 있도록 설계된 리치몬드의 100만 평방피트 규모의 글로벌 운영 본부를 완공할 예정입니다.
회사는 Matterport 인수를 통해 거의 500명의 추가 직원을 맞이할 것으로 예상하며, AI 및 디지털 트윈 기술에 대한 의지를 더욱 강화하고 있습니다. AI 기반의 효율성을 구현하는 동안 일부 역할은 2025년에 제거될 예정이지만, 이 전략적 성장은 회사의 2025년 재무 가이던스에 영향을 미치지 않을 것으로 예상됩니다.
CoStar Group (NASDAQ: CSGP) a annoncé des plans pour recruter 1 000 employés supplémentaires en 2025, principalement à Richmond, en Virginie, pour soutenir la croissance de Homes.com. L'expansion comprend environ 500 nouveaux professionnels de la vente Homes.com, 100 analystes de marché et 100 analystes pour les plateformes de gestion des baux.
Le réseau Homes.com de l'entreprise est devenu l'un des deux sites immobiliers les plus fréquentés aux États-Unis, attirant 110 millions de visiteurs uniques par mois au quatrième trimestre 2024. CoStar Group achèvera son nouveau siège mondial de 1 million de pieds carrés à Richmond au printemps 2026, conçu pour accueillir 3 500 employés.
L'entreprise s'attend à accueillir près de 500 employés supplémentaires grâce à son acquisition prévue de Matterport, renforçant ainsi son engagement envers l'IA et les technologies de jumeaux numériques. Bien que des efficacités pilotées par l'IA soient mises en œuvre, certains postes seront supprimés en 2025, bien que cette croissance stratégique ne devrait pas avoir d'impact sur les prévisions financières de l'entreprise pour 2025.
CoStar Group (NASDAQ: CSGP) hat Pläne angekündigt, im Jahr 2025 zusätzlich 1.000 Mitarbeiter einzustellen, hauptsächlich in Richmond, Virginia, um das Wachstum von Homes.com zu unterstützen. Die Expansion umfasst etwa 500 neue Verkaufsprofis von Homes.com, 100 Marktanalysten und 100 Analysten für Mietmanagementplattformen.
Das Homes.com-Netzwerk des Unternehmens ist zu einer der beiden meistbesuchten Immobilien-Websites in den USA geworden und zieht im vierten Quartal 2024 monatlich 110 Millionen einzigartige Besucher an. CoStar Group wird im Frühjahr 2026 ihren neuen globalen Hauptsitz in Richmond mit einer Fläche von einer Million Quadratfuß fertigstellen, der für 3.500 Mitarbeiter ausgelegt ist.
Das Unternehmen erwartet, durch die geplante Übernahme von Matterport nahezu 500 weitere Mitarbeiter willkommen zu heißen und damit sein Engagement für KI und digitale Zwillings-Technologien weiter zu verstärken. Während KI-gesteuerte Effizienzen implementiert werden, werden einige Stellen im Jahr 2025 gestrichen, obwohl dieses strategische Wachstum voraussichtlich keinen Einfluss auf die Finanzprognosen des Unternehmens für 2025 haben wird.
- Homes.com became one of top 2 most trafficked real estate websites in US
- 110M monthly unique visitors in Q4 2024
- Adding 1,000 new positions in 2025
- Strategic acquisition of Matterport adding 500 employees
- 99% employee retention rate
- 9.6% YoY increase in headcount for 2024
- 4.4 years median employee tenure vs 3.5 years industry average
- Plans to eliminate certain roles in 2025 due to AI implementation
- Additional role reductions expected during annual performance management
Insights
CoStar Group's plan to add 1,000 new positions in 2025 represents a strategic acceleration in its residential real estate ambitions, particularly for its Homes.com platform. With Homes.com now reaching 110 million monthly unique visitors, CoStar is clearly gaining ground against residential real estate incumbents like Zillow and Redfin. The allocation of 500 sales professionals specifically for Homes.com indicates an aggressive monetization push following traffic acquisition - a classic two-phase marketplace strategy.
The investment in 100 market analysts for new construction content reveals CoStar's targeted approach to differentiate in the residential space by creating comprehensive new home inventory data - a historically underserved segment in online real estate platforms. This complements their commercial real estate data expertise and creates cross-selling opportunities between divisions.
The pending Matterport acquisition signals CoStar's commitment to visual technology leadership, with digital twins becoming increasingly central to both commercial and residential property marketing. This acquisition, bringing approximately 500 employees, should enhance CoStar's technological moat while creating operational synergies.
CoStar's AI strategy appears two-pronged: using automation to reduce costs in certain operational areas while simultaneously investing in AI-enhanced products. This balanced approach should help maintain margins despite the significant headcount expansion.
The $1 million square foot Richmond headquarters represents substantial capital investment but aligns with CoStar's centralization strategy and commitment to in-person collaboration. The company's 99% retention rate and 4.4-year median tenure (versus 3.5 years industry average) provide a competitive advantage in institutional knowledge retention during this expansion phase.
While the company indicates no change to 2025 guidance despite this expansion, investors should monitor the pace of revenue growth relative to increased operating expenses as these new hires ramp productivity.
CoStar Group anticipates completing new one million square foot
Over the past year, CoStar Group’s Homes.com network has become one of the fastest growing residential portals and is now one of the two most heavily trafficked real estate collections of websites in the
The company also recently acquired Visual Lease, one of the country’s leading Lease Management and Accounting platforms. CoStar Group is hiring approximately 100 analysts to leverage the content in its growing lease management platforms in order to produce state-of-the-art rent indices for clients.
In addition, the company plans to hire for additional roles in development, technology, artificial intelligence, video production, real estate writing, news, management and other roles.
As part of its ongoing efforts to enhance productivity and efficiency, the company has identified several key areas of operational focus, including maximizing revenue generation; regularly evaluating performance; and pursuing advancements with AI.
CoStar Group expects to welcome nearly 500 additional new employees upon the completion of its planned acquisition of Matterport. The acquisition of Matterport furthers CoStar Group’s commitment to investing in artificial intelligence, computer vision, and broadens the use of powerful digital twin technologies across its platforms.
CoStar Group sees rapidly growing value in leveraging artificial intelligence to improve content creation, drive operational efficiencies, and build the next generation of digital real estate user interfaces.
As CoStar Group is committed to efficient allocation of its shareholders’ resources, the company expects to eliminate roles in 2025 from efficiencies gained by using AI and reallocate those resources into other areas. The company also anticipates reducing some roles during normal annual performance management.
This strategic growth aligns with the company’s long-term sustainable expansion vision and is not expected to affect the company’s first-quarter or full-year financial guidance in 2025.
Since establishing its global operations center in
CoStar Group remains focused on growth both within its workforce and in its external market presence. In 2024, CoStar Group expanded its workforce by hiring 1,570 new employees, achieving a
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the
CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in
Forward-Looking Statements This press release contains forward-looking statements regarding CoStar Group’s anticipated hiring plans and operational focus and the associated expected financial impacts. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements, including but not limited to market conditions and competition for talent and costs associated with executing on hiring plans and our areas of focus. Actual results may differ materially. All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250227519930/en/
Media:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com
Source: CoStar Group
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