Overview
What is LoopNet?
LoopNet is an online multiple listing service (MLS) supporting commercial real estate search, advertising, and lead generation for brokerages.
LoopNet saves time and effort in property research
LoopNet is worth the spend.
Do NOT advertise on LoopNet
LoopNet is a Good Tool for the Arsenal
The Pros and Cons of LOOPNET (really you are dealing w CoStar)
- For my listings, to do email marketing to prospects
- For my for lease, for sale searches, I …
LoopNet is the necessary evil taking over the world
Product Details
- About
- Tech Details
- FAQs
What is LoopNet?
LoopNet Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Frequently Asked Questions
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Reviews and Ratings
(9)Community Insights
- Business Problems Solved
- 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
(1-2 of 2)LoopNet saves time and effort in property research
LoopNet provides info that would take considerably more time to ascertain without the use of LoopNet. With this information, we can dedicate more time to selling and managing our services.
- Accurate Owner information
- Contact info for owners and or management companies associated with the property
- Ownership history
- Some of the information is outdated
- Some contact info is lacking - missing a phone number
- Better emailing features
LoopNet may be less appropriate for product sales as these providers may need to be more connected with the occupants of the properties more than the owners.
- 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.
LoopNet is the necessary evil taking over the world
- 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.