Andy Florance is the founder and CEO of CoStar Group, a leading provider of commercial and residential real estate information, analytics, and online marketplaces. Since founding the company in 1986, Florance has guided CoStar to become a global enterprise, serving over one million clients and earning recognition in the S&P 500 Index.
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Who is the CEO of CoStar?
Andy Florance, a Princeton University graduate with a B.A. in Economics, is the visionary founder and CEO of CoStar Group. He pioneered the concept of outsourcing research and analysis functions to a third-party information provider, leading CoStar Group to become the industry's first independent research firm.
Florance's innovative approach and dedication to digitizing the real estate industry have earned him numerous awards and recognitions, such as Forbes' Most Innovative Leaders, SP 200's top industry leaders, and Commercial Observer's 30 Most Powerful People in Commercial Real Estate Proptech. Under his leadership, CoStar Group has made significant investments in leading companies within the industry, including LoopNet, Apartments.com, Homes.com, and STR, and has expanded its global presence to 15 countries.
Work History
- Founder and Chief Executive Officer at CoStar Group: 1986-Present
- Vice Rector, Board of Visitors at Virginia Commonwealth University: 2021-Present
- Board Member at Management Leadership for Tomorrow: 2017-Present
- Chairman of the Chapter (board) at Washington National Cathedral: 2015-2023
- Board Member at St. Albans School: 2015-2018
- Board Member at Children's National Health System: 2014-2017
- Board Member at Walker & Dunlop: 2013-2016
- Board Chair at Beauvoir Elementary School: 2010-2016
- Board Member at Shakespeare Theatre Company: 2008-2015
- Board Member at National Building Museum: 2009-2014
- Board Member at Ford's Theatre: 2007-2011
- Board Member at St. Andrew's School: 2003-2009v
Education History
Andy Florance holds a B.A. in Economics from Princeton University, which he earned between 1982 and 1986. In addition to his undergraduate degree, Florance has an honorary Doctor of Humane Letters from Virginia Commonwealth University, awarded in June 2019. He has also completed executive education programs at prestigious institutions, such as "Making Corporate Boards More Effective" at Harvard Business School in December 1999 and "Real Estate Capital Markets" at Massachusetts Institute of Technology in July 1997.
When did Andy Florance join CoStar?
Andy Florance founded CoStar Group in 1986 and has been serving as its Chief Executive Officer since the company's inception. With over three decades of experience at CoStar, Florance has played a pivotal role in transforming the commercial real estate industry by pioneering the concept of outsourcing research and analysis functions to a third-party information provider. Under his leadership, CoStar Group has grown into a global enterprise, serving clients in 15 countries and employing over 5,500 staff worldwide.