LoopNet Surpasses Quarterly Site Traffic Records in Q1 2022

WASHINGTON–(BUSINESS WIRE)–CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate markets, real estate market information and analysis, today announced that LoopNet, the leading real estate online shopping, saw record quarterly growth for site traffic in the first quarter of 2022.

“Traffic is on the rise and LoopNet is further establishing itself as the go-to brand for commercial real estate searches among tenants and investors alike,” said David Mele, President of LoopNet. “We had an unprecedented start to 2022, following a strong 2021 in which year-over-year direct site traffic increased 56%.”

LoopNet is ranked the #1 site and #1 network in the industry with an average monthly traffic of 11 million monthly unique visitors. January, February and March 2022 each saw the highest traffic in the network’s history, totaling over 31,375,000 unique visitors for the quarter.

LoopNet’s market spans all categories of commercial properties, including office, industrial, retail, multi-family, hotel, land, specialty and investment properties. With 88% of potential tenants and investors searching for commercial real estate online, LoopNet is essential for landlords and brokers marketing properties. Listings on LoopNet benefit from broad access to the professional commercial real estate community and significant exposure to the wider audience of tenants and actively seeking investors.

For more information about LoopNet and to browse available commercial real estate listings across the country, visit LoopNet.com.

About CoStar Group, Inc.

CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics. Founded in 1987, CoStar conducts extensive and ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services allows clients to analyze, interpret and gain unparalleled insight into commercial property values, market conditions and current availability. STR provides premium benchmarking data, analysis and market intelligence for the global hospitality industry. Ten-X provides a leading platform for conducting online auctions and negotiated offers for commercial real estate. LoopNet is the busiest online marketplace for commercial real estate. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters looking for superb apartments and provide property managers and owners with a proven platform for marketing their properties. Homesnap is a leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and strengthen the agent-client relationship. Homes.com provides residential property advertising and marketing services to real estate professionals. Realla is the UK’s most comprehensive digital commercial property marketplace. In France, BureauxLocaux is one of the largest real estate portals specializing in buying and renting commercial real estate and Business Immo is widely recognized as one of the leading providers of digital commercial real estate information in the country. . The group’s websites attract tens of millions of unique visitors each month. Based in Washington, DC, CoStar Group has offices in the United States, Europe, Canada and Asia. From time to time, we plan to use our corporate website, www.costargroup.com, as a channel for distributing important company information. For more information, visit www.costargroup.com.