LoopNet

A cutting-edge marketplace for commercial real estate investors and property owners to find prospective tenants

LoopNet is a commercial real estate listing site that helps tenants and buyers to connect with properties for sale. The LoopNet platform has more than 7 million businesses and individuals registered.

It also boasts of more than 5 million unique visitors monthly, which represents a significant portion of the real estate market. The platform allows its users to benefit from a huge range of services such as the ability to find properties for sale or lease.

LoopNet was founded in 1995 by Dennis DeAndre, and since then, it has been serving the real estate market in various capacities for more than 25 years. LoopNet was the largest internet real estate service in its inception and remains a massive player in the online real estate space.

Users are also able to find properties to invest in and research market trends with ease. LoopNet users can also compare various properties and find out which property has more value for their money.

Property buyers will also be able to market commercial listings for sale through LoopNet. The platforms also offer technology and information resources to real estate companies or organizations. The organizations can utilize this information to manage their online presence. The companies could also use the information to optimize marketing efforts and make more sales.

Another popular service by LoopNet is LoopLink. This is a resource designed to help real estate agents integrate LoopNet listing into their website. LoopNet owns other popular online platforms such as BizBuySell, BizQuest, CityFeet.com, and Showcase.com.

Working with LoopNet helps businesses access all these other platforms, which will help you increase exposure on other selling platforms. This helps the businesses to amplify their presence across various areas and ultimately improve sales.

LoopNet covers all major categories of real estate, including offices, rental, land, industrial, multifamily and businesses for sale. In most cases, most basic services are free. Users can create an account and create a free sale or lease listing. Other additional and advanced features are available on the premium option.

The premium version of LoopNet allows users to get additional benefits such as high result placement. This helps the client to get more views and exposure to more clientele. The massive exposure will end up improving the performance of the sales team, thus increasing sales.

Benefits of online real estate markets

Online real estate platforms help firms to save time by minimizing the need for clients to drive and physically visit a property to see it. The clients can see a property from the website, which enables them to check their preferences and needs online. It also helps the developers and realtors to slash operational expenses.

Pros

  • Helps to minimize advertising cots
  • It is easy to use
  • The tool has a free version

Cons

  • Some services are only available on premium package
  • Lots of competition

Highest-Rated Features:

  1. Listing Management Portal
  2. Listing Syndication
  3. Premium Listings & Profiles

Lowest-Rated Features:

  1. Mortgage Calculators
  2. CMA Tools
  3. CRM Integration
Company
CoStar Group
HQ Location
Washington, DC
Ownership
NASDAQ:CSGP
Total Revenue (USD mm)
$1,399
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