Senior Product Manager

Job Description

CoStar Group is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces.  Included in the S&P 500 Index, CoStar Group is on a mission to digitize the world’s real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives. 

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers.  We’ve continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors.  We continue that effort today and are always working to improve and drive innovation.  This is how we deliver for our customers, our employees, and investors.  By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.   

What We Are Looking For:

CoStar is seeking a Senior Product Manager to continue our momentum of rapid growth. The CoStar Owner Module is a flagship product that brings together disparate, complex commercial real estate (CRE) datasets into a unified and deeply insightful experience for owners, investors, brokers, and lenders. This role will own the ongoing development, evolution, and growth of the Owner product — a module used by thousands of CRE professionals to understand owner portfolios, identify new business opportunities, power acquisition and disposition strategies, monitor competition, and unlock valuable market intelligence.

As Product Manager, you'll lead vision, roadmap, cross functional collaboration, and execution for the next generation of the Owner Module. You will work closely with Research, Engineering, UX, Sales, Marketing, and senior leadership to expand the breadth and depth of the product and ensure it delivers exceptional value to clients across multiple personas.

This position is located in Richmond, VA and is in office Monday through Friday.

RESPONSIBILITIES:

Product Strategy & Roadmap

• Own and continuously refine the product strategy for CoStar’s Owner Module, aligning with corporate priorities and customer needs illustrated across Investors, Owners/Developers, Brokers, and Lenders.
• Define and manage roadmap themes such as owner search improvements, expanded portfolio analytics, related companies and fund transparency, leadership/contact visibility, listings integration, transaction intelligence, requirements and international portfolio support.
• Monitor the competitive landscape and ensure the Owner Module continues to differentiate through depth, accuracy, and connectivity of data.

Customer & Market Insights

• Engage regularly with customers, including owners, investors, brokers, lenders, and institutional stakeholders, to gather feedback, validate needs, and translate insights into product direction.
• Leverage usage analytics, Pendo guides, research insights, and customer feedback channels to guide prioritization.
• Partner with Sales to understand persona specific use cases and pain points 

Execution & Delivery

• Lead cross-functional teams (Engineering, Research, UX) to deliver high-quality features such as search filters, portfolio maps, disposition and acquisition analytics, tenant mix, related funds, and enhanced ownership hierarchy transparency.
• Define detailed product requirements, user stories, and acceptance criteria informed by the Owner Playbook content and the needs of each persona.
• Collaborate with Research to ensure property-, transaction-, and ownership level data is accurate, timely, and complete, including upcoming expansions (e.g., UK multifamily, international portfolio integration).

Go-to-Market & Enablement

• Partner with Training, Sales, and Marketing to create and deliver product education — including decks, pitch hooks, FABs, discovery questions, and use cases.
• Support product launches including internal enablement, beta programs, and external client communications.
• Ensure sales teams have the right messaging to demonstrate value across personas (Owners, Investors, Brokers, Lenders) and articulate how the Owner Module addresses industry challenges (opacity, scattered sources, outdated info, etc.).

Performance & Iteration

• Track product performance using Pendo dashboards and usage data to identifyadoption of drivers and friction points.
• Measure outcomes based on customer value, revenue impact, retention, and product utilization.
• Iterate quickly based on feedback from clients, sales teams, and internal research teams.

BASIC REQUIREMENTS:

• Bachelor’s degree from an accredited, not-for-profit University or College.
• 5+ years of product management experience, ideally in B2B SaaS, data products, analytics platforms, or CRE technology.
• Demonstrated ability to work with large datasets, data models, and complex information architectures.
• Strong collaboration skills and experience partnering with technical teams and research/data teams.
• Excellent communication skills with the ability to translate complex concepts into business value.
• Experience with customer discovery, persona-driven product design, and data-driven prioritization.
• Ability to manage competing priorities and drive clarity in ambiguous environments.
• A track record of commitment to prior employers.

PREFERRED QUALIFICATIONS:

• Deep familiarity with the commercial real estate ecosystem: owners, developers, investors, brokers, and lenders. 
• Experience with property-level datasets, transaction data, public records, REIT structures, fund hierarchies, or CRE analytics platforms. 
• Prior experience building search/filtering interfaces, portfolio analytics dashboards, or workflow tools. 
• Experience supporting global product expansions and navigating country-specific data variations. 

WHAT’S IN IT FOR YOU:  

Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines.

In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement. 

Our benefits package includes (but is not limited to):  

• Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug  
• Life, legal, and supplementary insurance
• Commuter and parking benefits  
• 401(K) retirement plan with matching contributions
• Employee stock purchase plan  
• Paid time off  
• Tuition reimbursement  
• n-site fitness center and/or reimbursed fitness center membership costs (location dependent)  
• Access to CoStar Group’s Employee Resource Groups
• Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks  

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.  However, please note that CoStar is not able to provide visa sponsorship for this position.  

The final salary or hourly rate offered for this role will fall within the range set forth below based on a variety of factors, including but not limited to, geographic location, skills, and competencies.

Base Compensation: $107,000.00 - $181,000.00 Annually

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CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing