EXCLUSIVE: CoStar CEO Andy Florance On Moody's New CRE Network: 'We Welcome The Competition'

The launch of a new commercial real estate data service could threaten industry leader CoStar's dominance, but the head of the $14B D.C.-based company said he encourages the new competition.

CoStar Group CEO Andy Florance, a pioneer of the commercial real estate data industry, told Bisnow he is glad to see Moody's Analytics launching a competitive service, and he even wishes it would invest more in its platform.