The number of LoopNet commercial real estate property listings makes it one of the world’s largest sites of its kind. Due to its size, there are few direct LoopNet competitors. It is owned by CoStar, and is part of a larger network of commercial real estate sites working from a connected database.
Even though without major direct competition at the same scale, there are quite a few LoopNet alternatives in specific niches and for specific locations.
For commercial real estate property owners and brokers, these other commercial real estate listing sites may offer several advantages over the options currently available in the market. It is important, however, to evaluate the full extent of these options and how they can fit specific needs related to the properties being shown to potential tenants or buyers.
Many commercial real estate professionals ask “is CREXi better than LoopNet?”
Crexi is one of the fastest-growing commercial real estate marketplaces. It offers properties for sale and for lease. It also lets brokers and buyers locate properties up for auction.
Here is some additional information about Loopnet vs Crexi.
|Number of employees||314||277|
|Headquarters||San Francisco, CA||Marina del Rey, CA|
|Owership status||Owned by CoStar Group||Privately held|
The search page allows users to access all available properties and filter by type or region. Users can see basic information without a subscription, including a map view of the property’s location. Extra information requires a subscription.
Licensed brokers or agents can add listings of properties for sale or lease on their own. They can also upload information about their properties to the site and let the Crexi team complete the listing on their behalf.
Owners are not allowed to list properties for sale; they can only list properties for lease. However, the site enables owners to locate agents and brokers in their chosen region and provides a platform to settle comps.
Crexi provides market research reports for more than 50 metropolitan areas. To get access to more intelligence reports, users must subscribe to the monthly service.
While there are no websites on the scale of LoopNet operating currently, there are many different commercial real estate listing sites like Loopnet that offer potential alternatives depending on the types of properties being listed location they are being listed, and other factors that influence how these properties are promoted online.
Some of the most prominent LoopNet alternatives include:
Whether searching for a website that caters to a specific audience or diversifying where and how commercial real estate properties are listed online, these sites offer a range of different options that will help commercial real estate professionals reach a large range of different buyers and tenants.
It is important to evaluate each of these sites carefully to find the ones that will best fit your needs for a listing service. You can evaluate LoopNet’s features in full here or you can read in greater detail about how these competing sites differentiate themselves here.
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