The Marque The Marque

Andy Florance

Founder & Chief Executive Officer

CoStar Group

Washington, DC, USA


Andy Florance
Erik Flegal
Family Fortune Financial LLC
Tom Florio
ENTtech Media Group LLC

Andy Florance’s Biography

Andy Florance is the Founder & Chief Executive Officer of CoStar Group. He also serves on the firm’s Board of Directors. Headquartered in Washington, D.C., CoStar Group has offices in 15 countries around the world and a staff of more than 5,500 globally.

Founded in 1986, CoStar Group quickly found itself at the forefront of transforming how commercial real estate professionals access, use and share information. Andrew pioneered the concept of commercial real estate firms outsourcing research and analysis functions to a third-party information provider, leading CoStar to become the industry’s first independent research firm.

Leading the firm since its days as a startup, Andy has guided CoStar Group from its IPO in 1998 to its recent listing on the S&P 500 and the NASDAQ 100 Index. He has continually been recognized as an innovative executive, leading to numerous honors, including Forbes' Most Innovative Leaders, SP 200’s top industry leaders and Commercial Observer's 30 Most Powerful People in Commercial Real Estate Proptech. In addition, CoStar has been named one of Forbes Fast...
Andy Florance is the Founder & Chief Executive Officer of CoStar Group. He also serves on the firm’s Board of Directors. Headquartered in Washington, D.C., CoStar Group has offices in 15 countries around the world and a staff of more than 5,500 globally.

Founded in 1986, CoStar Group quickly found itself at the forefront of transforming how commercial real estate professionals access, use and share information. Andrew pioneered the concept of commercial real estate firms outsourcing research and analysis functions to a third-party information provider, leading CoStar to become the industry’s first independent research firm.

Leading the firm since its days as a startup, Andy has guided CoStar Group from its IPO in 1998 to its recent listing on the S&P 500 and the NASDAQ 100 Index. He has continually been recognized as an innovative executive, leading to numerous honors, including Forbes' Most Innovative Leaders, SP 200’s top industry leaders and Commercial Observer's 30 Most Powerful People in Commercial Real Estate Proptech. In addition, CoStar has been named one of Forbes Fast Tech 25 and Fortune magazine’s 100 Fastest Growing Companies. Central to CoStar’s growth is its investments in industry leading companies, such as online commercial real estate marketplace, LoopNet, Apartments.com, Homes.com and data benchmarking and analytics company, STR.

Andy is an active board member, with a focus on professional advancement and education. He serves on the board of Management Leaders for Tomorrow, a nonprofit transforming leadership channels by preparing Black, Latinx and Native American talent to secure high-growth positions. He has also served on the boards of many schools in the D.C. area, as well as Children’s National Health System and the National Building Museum.

Andy earned a BA in Economics from Princeton University and was awarded an honorary doctorate from Virginia Commonwealth University.
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Andy Florance’s Newsfeed

Businesswire
CoStar Group Founder and CEO Andy Florance Named to Commercial Observer’s Power 100 List

Andy Florance, CoStar Group's Founder and CEO, has been named by Commercial Observer as one of the hundred most influential commercial real estate executives in the industry.

Housing Wire
Andy Florance discusses Matterport acquisition, lead diversion portal models

Hours after the CoStar Group announced the acquisition of Matterport, CEO Andy Florance appeared at the annual conference of HousingWire and shared his thoughts on the announcement.

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Andy Florance’s Background

CoStar Group
Founder & Chief Executive Officer
May 1986 - Present
Washington, DC, USA
CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. CoStar conducts thorough, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information.
 

Andy Florance’s Gallery

Board Positions

CoStar Group
Board of Directors
Washington, DC, USA
CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces.
 
Management Leadership of Tomorrow
Governing Board
Jan 2017 - Present
Washington, DC, USA
Launched in 2002 Management Leadership for Tomorrow (MLT) is a national nonprofit that is transforming the leadership pipelines of more than 120 leading organizations by driving breakthrough results for individuals and institutions.
 
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Previous Board Positions

St. Albans School
Board of Trustees
2015 - 2018
Washington, DC, USA
St. Albans School is a private, all boys day and boarding school. For more than a century, it has offered a distinctive educational experience for young men in grades 4 through 12.
 
Children's National
Board of Directors
2014 - Jun 2017
Washington, DC, USA
Children's National Hospital has innovated pediatric healthcare around the US and world for more than 150 years. Serving the nation's children, the hospital is one of the top 10 pediatric hospitals in the United States.
 
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Media

Andy Florance: Zillow isn't ready for post-commission portal revolution
Oct 2023
In the opening remarks of CoStar Group's Q3 earnings call, Andy Florance discussed the company's plan to make Homes.com the portal of the future.
 
CoStar Group Partners with Richmond Public Schools to Provide School Supplies for More than 35,000 Students
Aug 2023
New York, NY, USA
“As the one of the largest employers in Richmond, CoStar Group is thrilled to continue to invest in the Richmond community through providing students in need with the tools they need to thrive,” said Andy Florance. "We’re excited to be able to help set the groundwork for academic success as students return to school this Fall.”
 
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Interviews

When things get tough, people tend to invest more market in their real estate, says CoStar CEO
Nov 2023
New York, NY, USA
Andy Florance joins ‘Squawk Box’ from the Baron Investment Conference to discuss why Baron’s been bullish on the company since his first investment in 2001, the state of the real estate market, commercial real state trends and more.
 
CoStar Group CEO on commercial REIT weakness, office vacancy and residential market
Jul 2023
New York, NY, USA
Andy Florance, CoStar Group CEO, joins ‘Closing Bell: Overtime’ to discuss company earnings, commercial REITs impact on business.
 
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Publications

Andy Florance | Articles
Author
Andy writes about a wide range of topics related to CoStar Group and the real estate industry. This includes recent market trends, industry analysis, tools for real estate professionals and more.
 
Commentary: VCU and VCU Health are leading in education, health care and student success
Co-author
Aug 2023
Richmond, VA, USA
Andy Florance and co-author, Todd P. Haymore, discuss the important work done and accolades received by Virginia Commonwealth University and VCU Health. In addition, the two authors express their support of VCU Health ending its participation in a development known as the Clay Street Project.
 

Memberships

Meridian International Center
Member
Washington, DC, USA
Meridian is a nonpartisan, nonprofit diplomacy center that links leaders through culture and collaboration to drive global solutions.
 

Awards & Recognition

Inman Power Players
Honoree
Jan 2024
The 2024 Inman Power Players includes an impressive list of executives and founders — each of whom has the ability to play a key role in shaping the future of the residential real estate industry.
 
Swanepoel Power 200
Honoree
Jan 2024
The Swanepoel Power 200 ranks the most powerful leaders in the residential real estate brokerage industry. Andy Florance was honored for his continued success leading CoStar Group, notably the acquisition and growth of Homes.com.
 
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Training & Management Courses

Harvard Business School
Corporate Governance Program
1999
Cambridge, MA, USA
The Making Corporate Boards More Effective program helps participants gain a deeper understanding of the board's responsibilities in areas such as finance, strategy, executive compensation and compliance.
 
MIT | Center for Real Estate
Real Estate Capital Markets
1997
Cambridge, MA, USA
MIT’s Center for Real Estate (CRE) investigates the real estate practice and transaction from initial concept to market realization.
 

Speaking Engagements

Andy Florance | 30th Annual Baron Investment Conference
Featured Speaker
Dec 2023
New York, NY, USA
The Conference convenes Baron's portfolio managers, analysts, and special guests to share their insights into the current market environment, their investment thinking, and potential growth investment opportunities in 2024. In his presentation, Andy Florance discussed CoStar Group's recent activities, including the acquisition of Homes.com, the digitization of the real estate industry, and more.
 
Who Will Win the Portal Challenge and Why: One-on-One With Andy Florance
Featured Speaker
Sep 2023
Washington, DC, USA
CoStar CEO Andy Florance joined John Featherston to offer his unfiltered view of the current real estate portal environment and the factors that will lead to ultimate success for both real estate professionals and consumers.
 
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Community Engagement

Protestant Episcopal Cathedral Foundation
Board of Trustees
Washington, DC, USA
Founded in 1893, the Protestant Episcopal Cathedral Foundation (PECF) was chartered by Congress over 100 years ago to promote the causes of religion, education and charity.
 

Press Releases

CoStar Group Completes Acquisition of OnTheMarket.com With Overwhelming 97% Shareholder Support
Dec 2023
New York, NY, USA
Andy Florance said: “Today’s announcement gives us the opportunity to combine a leading UK agent friendly site with our technology, expertise, and capital to raise the game for online home shopping in the UK."
 
CoStar Group Signs Science Based Targets Initiative (SBTi) Commitment for Emissions Reduction
May 2023
SBTi is a joint initiative of environmental impact tracking organization CDP, the United Nations Global Compact, World Resources Institute (WRI) and the Worldwide Fund for Nature (WWF). “At CoStar Group we are proud of our commitments to reducing our environmental impact, and this is one of the pillars of our ESG goals,” said Andy Florance, Founder & CEO. "
 
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Andy Florance’s Education

Virginia Commonwealth University
Doctor of Humane Letters
Princeton University
B.A. | Economics