TrustRadius Insights
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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Product Details
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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 Small Businesses (1-50 employees).
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(9)
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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- Recommendations
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.
Attribute Ratings
Reviews
(1-6 of 6)Companies can't remove reviews or game the system. Here's why
April 02, 2020
LoopNet saves time and effort in property research
- Time saved in researching owners has helped our sales and ops teams greatly.
- The ability to research properties from the computer in lieu of in-person is very helpful.
- One person can research as many properties as a team of people in the field in a much quicker time frame.
March 11, 2020
LoopNet is worth the spend.
- Valuable leads worth chasing
- Area competition tracking
- Increased visibility
March 03, 2020
Do NOT advertise on LoopNet
Score 1 out of 10
Vetted Review
Verified User
- The impact has been negative (as in worse than not having an effect), due to their inability to list simple details (that are commonly available through well known sources).
- What's even worse is that I am one of the data sources from which they source the information they advertise. But they are unwilling to take input from me (the one who hired them in the first place).
August 23, 2018
LoopNet is a Good Tool for the Arsenal
- LoopNet has been fairly neutral since the merge with COSTAR
- I can reach tenants, who email me loopnet inquiries on my listings.
August 10, 2018
LoopNet is the necessary evil taking over the world
- 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.