CoStar Group Chooses Right to Work Virginia Over Other Locations

CoStar Group has chosen Right to Work Arlington County, Virginia for their new headquarters location. In order to make this possible, they are relocating their headquarters here and investing $20 million toward the project. They will also create 150 new jobs!

From Area Development Magazine:

“The financially strategic acquisition of this building will provide the perfect home for the more than 500 employees at our current headquarters. We’re incredibly thankful for our 14 years calling Washington, D.C. home, and we will continue to be a part of this community even as we move across the river to Arlington County.” […]

“It is an honor to welcome CoStar Group’s global headquarters to Arlington County, complementing the company’s major research and development operations in the City of Richmond. […] Virginia represents a diversified ecosystem of more than 800 corporate headquarters in a broad cross-section of industries, and our overarching advantage cited is the ability to recruit top talent. We are building the workforce of the future in the Commonwealth so that industry leaders like CoStar Group continue to reinvest here.” […]

“CoStar Group’s move to Arlington is a huge win and a testament to our high quality of life, dynamic urban centers, unparalleled talent pool and business-friendly environment. […] CoStar Group’s outright purchase of the building also signifies confidence in our commercial real estate market, which is key to our ongoing efforts to reduce office vacancies.”

AREA DEVELOPMENT MAGAZINE

To read the previous economic update on Right to Work states, click here.