Commercial Listing Services
Certain sites are available to list and search for properties at no charge but may offer additional services on a fee basis. Other sites require membership fees for their use. Almost all sites (even if they are free) require a registration process.
Most sites are searchable by type of property, size, price range and geographically by town or county within states.
Loopnet is one of the largest national commercial listing services, currently boasting over 2.7 million visitors per month. It contains hundreds of thousands of commercial and investment property listings. You may search for properties for either sale or lease, with many different criteria’s to select; and place your listings on the system. Basic service is free, but restricted unless you pay a fee to become a premium member. However, even with the restrictions there are tremendous inventories one can immediately view. Their listings automatically have maps and demographics added. They offer a weekly newsletter to their members, have a blog and provide optional marketing services for a fee.
This is the web site developed by the National Association of Realtors (NAR) for commercial properties. It is a huge free database of commercial and investment property listings. You can search and put a basic listing on the site; it does have enhanced features for a fee. In addition it provides industry news and “Listen and Learn” webinars and podcasts.
Property Line International, Inc. provides a free service; you may place your listings on the system and search for properties in their significant national inventory. They have over 200,000 Commercial Real Estate Professionals as members.. They create (for a fee) electronic, full color, marketing brochures which are then broadcast to all members of the service. Additional services are available for a fee.
Commrex.com is a national commercial property information exchange covering many areas of the country. They have listings in many states that can be searched for without cost. There is an annual fee to put an unlimited amount of listings on the site. They provide broadcast email services and other marketing “tools” to their members for a fee.
The “Dealmakers” web site is free and nationally lists properties for sale or lease and customer requirements. The format is different than most systems; notices are placed in narrative form. Searches are by property type and geographic location. The site also features e-mail forums (see below) where properties and other industry information is posted by brokers and principals.
The Commercial Investment MLS was established in 2001 and now has over 250,000 members. This national site allows searching and listing of commercial properties without cost. Additional marketing services are available for a fee.
This national site provides searching and listing of properties for free. Only launched in 2009, it has grown considerably and has partnership with most of the national Commercial Brokerage firms whose listings are automatically forwarded to the site. Marketing packages are available for a fee.
These are just a few of the available web sites one can market properties on, or search to find the requirements of your customers. Learn to use the “tools” at your disposal.
There are many real estate organizations that have Web sites. Some are national, as most of the examples below; but in different states and local areas many commercial real estate groups exist, many with websites. Search the internet for commercial organizations in your area.
An affiliate of the National Association of Realtors is the Certified Commercial Investment Member (CCIM) Institute. This group provides a series of extensive educational courses leading to the CCIM designation.
The Society of Industrial and Office Realtors (SIOR) is also an affiliate of the National Association of Realtors This organization provides educational programs in their area of specialty leading to the SIOR designation.
International Council of Shopping Centers Web site offers information about their organization and retailers. This group has conventions throughout the country during the year. Its largest gathering is in Las Vegas, generally in May each year where tens of thousands of retailers, developers and brokers gather to do business..
The U.S. Green Building Council’s web site leads you to Green Education opportunities, LEED Rating Systems, Resources, News & Events and an opportunity to join local chapters.
New York Commercial Web sites:
The New York State Commercial Association of Realtors site gives information about their organization and Chapter Events. They serve as the political “watchdog” for commercial agents in NYS, alerting us of potential laws that may benefit or harm our industry. Membership as a secondary Realtor Board is nominally priced.
The Long Island Commercial Network (LICN) is the Commercial Division of the Long Island Board of Realtors. The website features commercial properties on Long Island listed by its members. The group meets monthly to network and share information about theri listings and customer requirements.
Real Estate News:
Being on top of the real estate news, knowing what is going on in our industry is important to your knowledge as a professional. Subscribe to e-news about Real Estate, in most cases news is free. Some examples follow:
Globe Street provides daily national and regional real estate news about deals, trends and other industry information. You may sign up for various “Daily Alerts” at no cost.
Subscribe to “Today’s Real Estate Advisor” for free daily articles on real estate. Although many of the articles are written to the residential side, many of the tips and concepts can be applied to commercial real estate too. They do have other services available for a fee.
Inman News specializes in real estate information and articles. This national “paper” has a special section just for commercial real estate, but requires a fee for full information
Joining a newsgroup or Forums allows members to post one e-mail message (advertisement – property listing) that will be automatically sent to all the members of the group. You also receive postings from all the other members. Real estate and related industry information is circulated. This is an excellent way to share listing information.
Following are some newsgroups that are currently free:
1000’s of Real Estate newsgroups are available through the yahoo site, for example: 1031 Market, Commercial Property, Investor, Investors, Real Estate, and Real Estate Investor Daily. You sign up for each newsgroup separately and then receive e-mail messages from its members.
As mentioned above, this site has excellent free forums. Some of their forums or newsgroups are: Commercial, Investment Real Estate, Net Biz For Sale, Property For Lease, ESP Retailing and Tenant Tip. In particular, I like the “Tenant Tips” group, posted there are National Retailers looking for space, it includes their criteria and contact information.
Ed Smith may be contacted at: CRETeach@comcast.net