CoStar, a real estate data and analytics firm based in Washington D.C., says that it will triple its staff in Richmond, Va. over the next five years. The company has proposed building a 400,000 square foot tower in Navy Hill, a new development project in Richmond that would accommodate 2,000 new workers.

CoStar said its Richmond office, where it’s built up a staff of 1,000 employees in three years, was currently at capacity. If the tower gets the city council’s approval, it could be finished by 2023, according to the Richmond Bizsense news site

CoStar has grown aggressively since 2014, when it branched out into real estate classifieds by buying Apartments.com, now the dominant rental site in the U.S. Since that acquisition, CoStar’s share price has risen fivefold while its annual revenues have tripled.

Related Articles

  • August 27, 2019

    58.com CEO Michael Yao Jinbo has reportedly circulated an internal memo to all company staff…

  • April 24, 2019

    CoStar Group, an international purveyor of commercial real estate information, posted Q1 2019 revenue of…

  • March 29, 2018

    International real estate business CoStar is planning to hire up to 60 real estate journalists…