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CoStar Group, Inc. is an American provider of information, analytics, and marketing services to the commercial property industry in North America and Europe. Founded in 1987 by Andrew C. Florance and based in Washington, D.C., the company has grown to include the online database CoStar and several online marketplaces, including Apartments.com and Homes.com.
There have been several signs in the past couple of years that commercial real estate was headed toward a major downfall. Office vacancy rates reached a 30-year high around 18% in 2023. Companies ...
Recent indications from the Federal Reserve of fewer rate cuts next year have served as a reality check for commercial real estate. But the sector may finally regain momentum in 2025.
The relative strength of the market is measured by the US Commercial Real Estate Index which is composed of eight economic drivers and is calculated weekly. According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy.
"Borrowing and lending backed by commercial real estate remained subdued in the second quarter," said Jamie Woodwell, MBA's head of commercial real estate research. "Most capital sources remain ...
Riddiough is the past recipient of the American Real Estate and Urban Economics Association best dissertation and best paper awards, and is a fellow at the Homer Hoyt Institute for Advanced Studies [2] as well as the Real Estate Research Institute. [3] He was President of the American Real Estate and Urban Economics Association in 2012. [4]