Regions Central Virginia

CoStar Group leases more space in Richmond

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CoStar Group Inc. has leased an additional 33,192 square feet in downtown Richmond.

The Washington, D. C.-based commercial real estate research and data analytics company took another floor in the WestRock building at 501 S. 5th St. downtown. The company now leases the upper four floors in the nine-story building, which offers views of the James River.

CoStar moved a new operations and research center to Richmond. When it made the announcement about the project about a year ago, the firm said it expected to hire more than 700 people over the next couple of years. It already has hired about 600 and continues to expand its operations in Richmond.

Brian K. Berkey and Amy Broderick of Cushman and Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant.

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