Many of my loyal readers already know how much I love LoopNet, but now the entire CCIM membership will get to enjoy the benefits of this great online database of commercial properties. As a local commercial broker in Cherokee County, the most frequently asked question I get from other agents is… ‘Why doesn’t commercial real estate have an MLS system like residential does?’ I say great question…my best guess is too many good ol’ boys resisting change, too many greedy brokers not embracing co-brokerage, and the logistical difficulties of aggregating so many different property types and details. However, LoopNet does the best job of offering quality tools at a fair price and are very close to emulating the residential MLS system. They are now growing to expand their coverage and my guess/hope is that win this niche in the market and overtake the competitors.
Today they moved one step closer by partnering with the elite corp of 8,600 CCIM commercial brokers. CCIM has run it’s own database listing system for years with various partners providing service. Now LoopNet powers CCIMnet.com and not a minute too soon. LoopNet has made a great move earlier this month by securing a minority equity position in Xceligent, thereby gaining all of Xceligent’s listings.
Take a look at my listings as presented by LoopNet.
