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LoopNet

LoopNet

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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Recent Reviews

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 …
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LoopNet is worth the spend.

10 out of 10
March 11, 2020
Incentivized
Our company uses LoopNet in several ways. (1) We use LoopNet to advertise open listings from available open land parcels to rentable space …
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Product Details

What is LoopNet?

LoopNet Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

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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Comparisons

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Reviews and Ratings

(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!

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

(1-3 of 3)
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Score 9 out of 10
Vetted Review
Verified User
Incentivized
LoopNet is utilized to gain valuable property owner information. We utilize this information to ensure we get to the right people when discussing our services.

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 is well suited for many different industries. Obviously it is great for real estate professionals or real estate buyers when researching properties that are available or may become available. The history of the properties provided is excellent and provides details that would be very helpful to the real estate industry. Facility Service companies are also well suited for the use of LoopNet. With the property information it provides it makes it much easier to get to the decision-makers when selling facility services or products.

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 only one that comes to mind.
The LoopNet team is phenomenal to work with. They have offered both in-person training of our staff as well as online and telephone support. The LoopNet customer support team does go out of their way to be helpful and if they don't have the information on hand that you need they go out of their way to find it for you and get back to you in a timely manner.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
LoopNet is a great resource for real estate brokers and people generally looking for real estate. Whether they are looking for land to purchase or a space to rent for office or retail, LoopNet has something for everyone.
  • Valuable leads worth chasing
  • Area competition tracking
  • Increased visibility
LoopNet/CoStar representatives are ready to help and willing to come out to the office to give presentations or meet with the team at any time. They are a valuable resource when you are trying to utilize the program to its fullest advantage.
Score 1 out of 10
Vetted Review
Verified User
We use LoopNet as an internet advertising platform for commercial real estate listings.
  • Market exposure
  • Lead generation
  • Quality control is poor
  • The demeanor of those that work there is arrogant and indifferent
I do not know of any examples where this service is worth the aggravation one must endure to utilize the service (which then only poorly delivers on the service sold).

  • 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).
LoopNet is the most well known, with the widest audience. This is why I selected it. But, they cannot get the simplest of details correct for the purpose of advertising the listings I have for sale. When they can't get even a unit count correct, why bother? Not to mention that getting those sorts of core details wrong is actually damaging to the marketing efforts.
Because zero isn't an option.
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