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) 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.
Apartments.com, a CoStar Group (NASDAQ: CSGP) marketplace, reported that U.S. multifamily rents were essentially flat in July 2026, rising 0.03% month over month to $1,747, marking an eighth straight month of positive monthly gains. Annual rent growth reached 1.0%, up from a revised 0.9% in June but slightly below 1.1% a year earlier.
Regionally, July monthly growth was led by the Pacific (+0.05%), with the Northeast at +0.03%, South at +0.02%, flat Midwest and a -0.03% decline in the Mountain region. Year over year, the Midwest grew 2.0%, Pacific 1.8%, Northeast 1.6%, while the South and Mountain regions fell 0.4% and 1.0%, respectively.
Among the top 50 metros, 25 posted monthly rent increases and 25 declines. San Francisco led monthly and annual growth at +0.59% and +10.9%. Markets with heavy new supply such as San Antonio (-3.0% YoY), Denver (-2.1%) and Austin (-1.9%) saw the largest annual drops, as elevated but easing inventory continues to weigh on rent growth.
CoStar Group (NASDAQ: CSGP) reported Q2 2026 revenue of $925 million, up 18% year-over-year from $781 million, marking its 61st consecutive quarter of double-digit revenue growth. Net income rose to $55 million, or $0.14 per diluted share, compared with $6 million and $0.01 a year earlier.
Adjusted net income increased to $128 million and Adjusted EPS to $0.32, up 73% and 88% year-over-year, respectively. EBITDA reached $157 million and Adjusted EBITDA $184 million, up 441% and 116%, the latter being the second-highest quarterly level in the company’s history. Net new bookings were $69 million, up 3% from Q1 2026, and the residential segment turned Adjusted EBITDA positive. For 2026, CoStar Group guides to revenue of $3.715–$3.755 billion (~15% growth) and Adjusted EBITDA of $780–$820 million, with Q3 2026 revenue expected at $935–$945 million and Adjusted EPS of $0.31–$0.34.
Homes.com, part of CoStar Group (NASDAQ: CSGP), released its June ranking of the most expensive publicly marketed home sales across major U.S. metros, based on MLS data on Homes.com. The highest recorded sale was a Los Angeles luxury compound at $46.95 million, followed by Miami at $43 million, with San Francisco ($26.5 million), New York City ($23.5 million) and Las Vegas ($22 million) rounding out the top five.
The list also includes high-end sales in Dallas ($18 million), Tampa ($14.5 million), San Diego ($12.2 million), Phoenix ($12 million), Seattle ($11.6 million), Boston ($10.6 million) and other regional hubs, underscoring concentrated ultra-luxury activity in coastal markets and select inland cities. According to Homes.com, constrained inventory supports pricing in markets like Seattle and Cleveland, while buyers often favor established luxury neighborhoods. The analysis excludes private and off-market transactions.
The company also notes that the Homes.com Network averaged 108 million monthly unique visitors in 2025, while organic traffic to Homes.com rose more than 100% year-over-year each month in the first quarter of 2026. An internal review of about 11,000 member agents showed an average annual commission increase of $36,400, though results vary.
CoStar Group (NASDAQ: CSGP) reports that U.S. retail asking rent growth slowed to +1.6% year over year in Q2 2026, the weakest pace in more than a decade. CoStar Group attributes this to market normalization amid softer consumer spending, higher interest rates and tenant cost pressures.
Despite slower growth, CoStar Group notes landlords still secure substantial rent spreads on lease turnovers, with spreads near multi-decade highs in many markets. Sun Belt metros such as Phoenix, Orlando, Atlanta, Charlotte and Las Vegas continue to post roughly 3%–6% annual rent growth.
CoStar Group (NASDAQ: CSGP) reports that UK warehouse demand has increased after three years of occupier consolidation and elevated costs. According to CoStar, industrial and logistics net absorption in the UK turned positive in Q2 2026, reaching nearly 6 million square feet, the strongest level in more than three years, while 12‑month net absorption also moved back into positive territory after bottoming at 23 million square feet in 2024.
Defence-linked demand reached nearly 1 million square feet in the first half of 2026, supported by the UK Ministry of Defence’s 545,000‑square‑foot facility at Panattoni Park Swindon. CoStar highlights Amazon’s estimated 6 million square feet of take-up over 18 months and rapid expansion by Chinese e‑commerce platforms, with more than 2 million square feet leased or under offer by mid‑2026.
CoStar Group (NASDAQ: CSGP) brand Homes.com reported that the U.S. national median sale price reached $401,000 in June 2026, up 1.5% year over year. Home sales rose 6.1%, while active listings increased 4.2%, signaling expanding demand and supply and a more balanced housing market overall.
Across the 933 tracked markets, 64% recorded year-over-year price gains and 36% saw declines. Chicago and Jacksonville posted solid increases, whereas San Jose and Seattle had price drops of 4.6% and 3.1%. Single-family home prices and inventories grew faster than townhomes and condos, highlighting differences by property type as well as by metro.
According to Homes.com, its network averaged 108 million monthly unique visitors in 2025, while organic traffic more than doubled year over year in each month of Q1 2026.
CoStar Group (NASDAQ: CSGP) reported that U.S. retail construction activity in Q2 2026 remained near post‑pandemic lows, with roughly 72.1 million square feet under construction. This volume is up just 0.9% year over year and remains below the 10‑year average of about 78.9 million square feet, indicating a constrained development environment.
According to CoStar, higher land prices, construction costs and interest rates have pushed required rents above prevailing market levels for many formats, limiting viable projects. New retail construction is concentrated in 15 markets that represent nearly 47% of the national pipeline, led by Dallas, Houston and Austin, which together account for 21% of U.S. space under construction, or about 15 million square feet.