LoopNet is a commercial real estate listing site dedicated to connecting tenants and buyers with properties for sale. LoopNet currently has more than 7 million registered members and 5 million unique monthly visitors, representing a large number of both tenants and buyers in commercial real estate.
Founded in 1995 by Dennis DeAndre, LoopNet has been providing resources and listing services for commercial real estate buyers and tenants for more than 20 years. DeAndre worked with Steve Midgley, LoopNet’s engineer to build LoopNet into the Internet’s largest commercial real estate service in that time.
LoopNet was acquired in April 2012 by CoStar Group Inc. for $860 million in cash and stock. As of October 2017, CoStar fully integrated their database with LoopNet, creating a new platform for users with a much greater number of resources. CoStar owns and operates a number of other websites for commercial real estate listings, amplifying the number of tools at your disposal with a LoopNet membership.
The website is designed to provide a range of services for its users, including the ability to search commercial properties for sale or lease, find investment properties, view commercial real estate comparables, and research market trends. Buyers can market commercial listings for sale and much more. In addition to these services, LoopNet delivers technology and information resources to commercial real estate organizations that help to manage their online presence and optimize their property marketing efforts.
LoopNet is designed for commercial real estate brokers, agents, buyers and tenants. These individuals all use the LoopNet online marketplace to search for available property listings that meet their specific commercial real estate criteria. LoopNet enables commercial real estate agents to list properties for sale or for lease by submitting detailed property listing information on behalf of their clients – property owners and landlords. Working to find buyers or tenants, they can use the full suite of LoopNet tools to reach a large audience of online prospects.
LoopNet listings cover almost all major commercial property categories including: office, industrial, retail, multifamily, land, and businesses for sale. Users can create free sale or lease listings after creating an account on LoopNet, with many additional features available for those who opt for a paid membership. Because LoopNet’s current business model involves selling memberships to its site, premium membership options confer a number of benefits that free members do not enjoy.
According to sharplaunch.com. Source of photos: internet
