Andy Florance

Founder and Chief Executive Officer, CoStar Group

Washington DC-Baltimore Area,United States

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Who Is Andy Florance?

Total Experience108 years

CompanyCoStar Group

CountryUnited States

Andrew C. 'Andy' Florance is an American businessman and visionary leader, best known as the founder and Chief Executive Officer of CoStar Group. He founded the company in his dorm room in 1987 with the goal of revolutionizing the commercial real estate industry by creating a centralized, comprehensive database of information. Under his leadership, CoStar Group has grown into a global powerhouse and a leading provider of online real estate marketplaces, information, and analytics in both the commercial and residential property sectors. Florance has steered the company through numerous strategic acquisitions, including industry giants like LoopNet, Apartments.com, and Homes.com, fundamentally transforming how professionals and consumers search for, analyze, and transact property.

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How Did Andy Florance's Career Path Shape Their Journey?

Andy Florance's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:

CoStar Group - Founder and Chief Executive Officer(1986 to Present)

Virginia Commonwealth University - Vice Rector, Board of Visitors(2021 to Present)

Management Leadership for Tomorrow - Board Member(2017 to Present)

Washington National Cathedral - Chairman of the Chapter (board)(2015 to 2023)

St. Albans School - Board Member(2015 to 2018)

Children's National Health System - Board Member(2014 to 2017)

Walker & Dunlop - Board Member(2013 to 2016)

Beauvoir Elementary School - Board Chair(2010 to 2016)

Shakespeare Theatre Company - Board Member(2008 to 2015)

American Real Estate Society - Board Member(2005 to 2015)

National Building Museum - Board Member(2009 to 2014)

Ford's Theatre - Board Member(2007 to 2011)

St. Andrew's School - Board Member(2003 to 2009)

What Are Andy Florance's Key Achievements?

Founder and CEO of CoStar Group

Founded CoStar in 1987 and scaled it into a multi-billion dollar, publicly traded company (NASDAQ: CSGP) and a member of the S&P 500 index.

EY Entrepreneur Of The Year® 2019

Awarded the Ernst & Young Entrepreneur of the Year for the Mid-Atlantic region, recognizing his extraordinary success in innovation, financial performance, and personal commitment to his business and community.

Expansion into Residential Real Estate

Successfully orchestrated CoStar's aggressive expansion into the residential market through the acquisitions and growth of platforms like Apartments.com and Homes.com, challenging established market leaders.

Pioneering Real Estate Technology

Widely recognized as a pioneer who digitized the commercial real estate industry, shifting it from fragmented, paper-based information to a transparent, data-driven digital marketplace.

What's Andy Florance's Educational Background?

BA, Economics

Princeton University - Year 1982

Doctor of Humane Letters

Virginia Commonwealth University - Year 2019

Making Corporate Boards More Effective

Harvard Business School - Year 1999

Real Estate Capital Markets

Massachusetts Institute of Technology - Year 1997

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Notable news

Hiring actively

Corporate Finance

Company Overview

CoStar Group

Total employees5959

HeadquartersWashington, D.C.

Founded1987

CoStar Group is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. The company's suite of online services enables clients to analyze, interpret, and gain unmatched insight into commercial property values, market conditions, and current availabilities. Its portfolio of brands includes CoStar, LoopNet, Apartments.com, STR, Ten-X, and Homes.com, serving a wide range of professionals including brokers, property managers, owners, and lenders.

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CoStar Group Stock Information

CoStar Group, Inc. is listed on the NASDAQ under the ticker symbol CSGP. The company went public on July 1, 1998

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