WASHINGTON, March 3, 2016 /PRNewswire/ -- CoStar Group, Inc. (NASDAQ: CSGP) is pleased to announce the recipients of the 2015 CoStar Power Broker® Awards, recognizing those professionals who perform at the highest levels in commercial real estate brokerage.
"As the leading provider of commercial real estate information, analytics and online marketplaces, we are uniquely positioned to identify the top firms and brokers in each market," said CoStar Group founder and CEO Andrew C. Florance. "We congratulate these exceptional industry leaders on their achievements."
CoStar's research team verifies and records commercial real estate sales and lease transactions. From that information, CoStar presents the CoStar Power Broker Awards to a select number of brokerage firms and individual brokers that closed the highest overall transaction volumes in commercial property sales and leases in each market in a given year.
2015 was a very active year in the commercial real estate market. Winners of Power Broker Awards saw office sales at their highest levels in years and a decline in the vacancy rate to nearly 10 percent. Towards the end of the year, a record 64 percent of office submarkets saw an increase in occupancy. The industry leaders being recognized contributed to the $152 billion in office sales during 2015, a 15 percent increase from the previous year.
Among the winners are representatives from national real estate powerhouses such as CBRE, JLL, Colliers International, and Cushman & Wakefield, as well as hundreds of other top brokers and firms in more than 90 markets across the United States and Toronto, Canada. A complete list of CoStar Power Broker Award winners by market can be found at CoStarPowerBrokers.com.
All CoStar Power Broker Awards are based on transaction data in CoStar's commercial real estate database, which is the largest, independently researched database of commercial real estate property information available online. CoStar's database contains more than 4.3 million commercial properties, and the total square footage of gross building area tracked and maintained by CoStar exceeds 95 billion square feet.
Additionally, CoStar plans to host Power Broker Power Breakfast Events for winners in key markets around the country and Canada.
About CoStar Group
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. LoopNet is the most heavily trafficked commercial real estate marketplace online with more than 10 million registered members. Apartments.com, ApartmentFinder.com and ApartmentHomeLiving.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Through an exclusive partnership with Move, a subsidiary of News Corporation, Apartments.com is the exclusive provider of apartment community listings across Move's family of websites, which include realtor.com®, doorsteps.com and move.com. CoStar Group's websites attracted an average of more than 22 million unique monthly visitors in aggregate throughout 2015. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe and Toronto with a staff of approximately 2,600 worldwide, including the industry's largest professional research organization. For more information, visit www.costargroup.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/costar-announces-winners-of-the-annual-power-brokers-awards-300230437.html
SOURCE CoStar Group, Inc.