Where to Search for Commercial Real Estate Online

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  1. Loopnet.com – Loopnet is probably the largest and most well-known commercial real estate listing site. They claim to have over 630,000 active commercial real estate listings on their website. It costs $24.95 a month for visitors to have access to all of the property listings. The free membership for visitors allows full search capability, however, only a limited number of results are shown.
  2. Realup.com – Realup is brand new to the market and officially launched on May 17, 2009. It appears that all of the memberships for both buyers and sellers are free. The website says that “our property listings are charged based on a pay-per-results pricing model, setting us apart from our competitors and providing the greatest value to our partners and clients.” So, they are basically charging for the traffic or leads that your listing generates. This sounds good in principle but from my experience the technology for these “pay for the lead” type of systems is usually too weak to determine what a valuable lead is.
  3. Costar.com – Costar offers the ability to search for all commercial property types. Basic listings are free for real estate professionals and property owners. It costs $24.95 a month for visitors to have access to all of the property listings. The free membership for visitors allows full search capability, however, only a limited number of results are shown. They offer information on “space available for lease, comparable sales information, tenant information, properties for sale, property information for clients’ web sites, industry professional directory, analytic information, data integration, property advertising and industry news–throughout the United States as well as in the United Kingdom and France.”
  4. CIMLS.com – What makes CIMLS different than many other similar sites is the fact that visitors can search listings for free while realtors and property owners can also post their listings for free. Realtors and property owners have the option to upgrade to a Gold account for added exposure. The Gold account costs $14.00 a month for the first month and $20.00 a month for every month thereafter.

Photo Credit: quinet

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11 Comments

  1. Hello Ted, very useful info for CRE agents! The company I work for, Property Line, Inc. offers competitive services including free (outside of Nevada) listing, searching, bulk uploads, etc., for all commercial brokers and investors. Not to toot our own horn, but give us a look-see sometime and let us know what you think. Thanks!

    • Gregory –
      What metrics are you using to determine that your site, Showcase.com, is the #1 real estate search engine in the US? According to Alexa, it seems that Loopnet gets far more traffic. Yours is definitely a good site, but any data that you have to show how you’re #1 would be very helpful. Thanks.

      • The information quality is what is most important. showcase.com has the most frequently updated listings with the most detailed information and are powered by a company that is on the incline rather than Loopnet which has continued to lose subscribers to us. Page views only show that current popularity based on presumed quality is higher for Loopnet. The fact is that Loopnet has been on a decline for years, their business subscribers have been switching to CoStar and their search engine has inferior quality. The only way they are able to keep up is because they have been around longer and have paid for an enormous amount of backlinks to their site.

        • Ok Gregory – so the determination of who is #1 is a subjective one, then?

          Clearly you are confident in the superiority of your product; even if your claims are accurate, wouldn’t they still be #1? Most people/companies I know use traffic metrics to determine who is #1. Eg. I prefer Bing over Google, but clearly realize that Google is #1

          I have no favorites in this discussion, but see a lot of sites claim to be #1 of this or that, but in most cases, the guys who are, in fact #1 are not those making the claims. Online, typically #1 refers to that site which is the busiest, no?

  2. I do not think that there is anything wrong with claiming to be Number 1 in a field.

    However, in order to have credibility, the claim should be supported by some proof, and a descriptive element. Of course, this is often difficult as no one knows you numbers other than yourself (unless you are a public company, where it must be shown).

    Some examples:
    – Number 1 in website traffic as shown by Alexa.
    – Number 1 in total leads generated, as shown by x leads versus Company A, B, and C, which have y leads.
    – Number 1 in Design, as shown by The Webbies
    ….etc…etc…

    In the example above, it seems that the website would be:
    – Number 1 in terms of frequency of updating listings

    Of course, this should be proven with examples as the time it takes other companies to update their listings. As well, it should show the number of listings on each website, as a website with 1,000 listings is easier to update than a website with 1,000,000 listings. It should also show what aspects of the listing are being updated, as some aspects might be much easier to update than others.

    I always like to think of a Number 1 website as the one with the most website traffic, but as mentioned above, that is hard to measure as Alexa is not always so accurate, especially with websites with of 80,0000+.

    Matthew – #1 coolest guy, ever.

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