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LoopNet is a valuable tool for users who need access to property owner information to connect with the right people for their services. By …
Overview
What is LoopNet?
LoopNet is an online multiple listing service (MLS) supporting commercial real estate search, advertising, and lead generation for brokerages.
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- Tech Details
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What is LoopNet?
LoopNet Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
Frequently Asked Questions
LoopNet is an online multiple listing service (MLS) supporting commercial real estate search, advertising, and lead generation for brokerages.
Reviewers rate Support Rating highest, with a score of 7.
The most common users of LoopNet are from Mid-sized Companies (51-1,000 employees).
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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LoopNet is a valuable tool for users who need access to property owner information to connect with the right people for their services. By utilizing LoopNet, users can save considerable time that would have otherwise been spent trying to gather this information manually. This allows them to focus more on selling and managing their services. In addition, LoopNet serves as an effective internet marketing link between users' property listings and the public, creating a seamless connection between buyers and sellers. Whether it's brokers or administrative staff, LoopNet provides a platform for users to publish listings, advertise available spaces, and promote upcoming buildings. With its extensive database of potential customers, LoopNet is a go-to resource for users to market their company and area. Users rely on LoopNet on a daily basis for various purposes such as email marketing, property searches, running reports, and gathering essential information for day-to-day business operations.
Based on user reviews, users recommend utilizing LoopNet as a supplementary tool to CoStar for commercial real estate needs, using it for basic property marketing and accessing information on commercial listings. They suggest upgrading to premium services if affordable, as it provides access to all the information on each property. Users also recommend exploring all the features and functionality offered by LoopNet to become familiar with its capabilities and find various properties. Overall, users have found LoopNet to be a reliable tool for commercial real estate transactions, marketing properties, and accessing up-to-date property information. While there are some concerns about heavy-handed tactics and sales calls due to LoopNet's partnership with CoStar, users generally appreciate the platform's database and value for their needs.
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Reviews
(1-2 of 2)Companies can't remove reviews or game the system. Here's why
March 11, 2020
LoopNet is worth the spend.
Our company uses LoopNet in several ways. (1) We use LoopNet to advertise open listings from available open land parcels to rentable space in existing buildings to buildings that are in the pipeline to be built. (2) We use it to look up potential customers. (3) Advertisement for our area and company availability.
- User-friendly
- Lead tracking
- Listing/Marketing
- I would like the lead emails formatted differently with better information.
- Valuable leads worth chasing
- Area competition tracking
- Increased visibility
August 10, 2018
LoopNet is the necessary evil taking over the world
We currently use LoopNet as a form of publishing our properties on the internet. LoopNet is the internet marketing link between our listings and the public. Since LoopNet has recently been combined in some sort of fashion with COSTAR, it works very well hand in hand. Every broker (~45) in our offices publishes listings on LoopNet. Some do it personally while most have our administrative staff handle the input of data and publishing.
- Ultimately LoopNet is a listing service for brokers and a research service for the public. It shows up first on almost every Google search related to commercial property leasing or sales. This is its largest value.
- LoopNet does a very good job of being known. Most members of the public seem to be familiar with LoopNet and many people looking for space or to buy a building will search LoopNet.
- LoopNet has the most accurate data of any commercial MLS. It cannot be completely trusted, but it is definitely better than its competitors.
- LoopNet needs to do a better job of sifting through to delete old and stale listings. These listings are inaccurate and clutter a report to lower its credibility.
- I am not a fan of the reporting. As a broker, I can make sense of the reports but the public is not always as savvy.
- We pay the COSTAR group (including LoopNet) a lot of money. I pay a per month listing fee to have my listings show up higher on their search list. This has seemed to pay off very well.
- LoopNet has allowed me to gain access to a market of companies that are not local or do not have a physical address. These companies would have previously been off of my radar, but with LoopNet, some of them have reached out looking for space and I have grown my business this way.
They are brother and sister. We used to have to input listings into both COSTAR and LoopNet and now they go hand in hand. If you use COSTAR, your listings automatically pop up on LoopNet. If an owner puts properties up themselves on LoopNet, they automatically show up on COSTAR. This is a great feature and listing marketing is better since this integration.