A crucial part of your job as a commercial broker is ensuring your listings have the largest potential audience viewing them.
Simply put, the larger the audience, the more likely a potential buyer will make contact. Having worked hard to win the listing, you no doubt want to make sure your listings are on the best platforms possible.
This point is easier said than done. Every month there seems to be a new CRE listing platform, making the decision of where to list more difficult. It would be easy to say; “Why not have a presence on all the listing platforms?”. With only so many hours in a day, a broker’s ability to decide what platforms to devote time to is an important decision.
To help with your decision-making process, we’ve compiled this list of the major commercial real estate listing platforms. Not all of these commercial real estate listing sites are created equal. Make sure to do your research on what works best for your needs based on data offered, ease of use and cost.
If you are at the stage of looking for new properties to list rather than places to list, consider off-market tools like Reonomy.
Reonomy covers 99% of the US CRE market – over 47M properties. This includes not just properties for sale, but all off-market commercial assets. Brokers use Reonomy to find new listing opportunities by filtering for criteria that are relevant to them. An example search would be to filter for all properties that are within your major zip codes and your asset class focus. The next step would be to filter for properties that haven’t sold within the last 10 years. Since the average holding period of a commercial asset is 10 years, you will be generating a lead list of the most likely to sell assets from your selected property type and/or geography.
Reonomy provides property contact information beyond the LLC, including names, phone number, emails and mailing addresses. You can use this contact information to systematically contact your curated lead list and win new listings!
Reonomy can also help you skip listing platforms altogether by helping you find buyers. Search for recent sellers in your area that may have cash on hand, or explore the portfolio of recent buyers who may be looking for properties similar to your listings.
You can trial Reonomy for free and see for yourself. Though enough about us – let’s look at the listing platforms.
Here is a definitive guide to the top sites for finding, listing or marketing your commercial listing. But keep in mind, as with any tech, this list will be constantly changing. It’s important to keep up to date on CRE tech trends and get the best deal for your company.
Update: Commercial Search
Commercial Search is a Commercial Real Estate listing site spun off from Xceligent, including listings from the Xceligent research markets along with the content from hundreds of Associations, CIEs, and MLSs.
The site was competing with Loopnet, but due to Xceligent filing for Chapter 7 Protection has shut down. Updates to come on what can be expected from Commercial Search.
Total Commercial has been providing commercial real estate listing information online since 1995. They have positioned themselves as a full-featured commercial real estate listing service without the high prices. Publishing listings costs only $90 per year per agent.
LoopNet is one of the most recognized CRE search engines. Their database is among the largest with 800,000 total listings and 6.3 billion square feet for lease and offers a number of different types of commercial properties including office, multifamily, industrial, retail, land, agricultural, hotel & motel, and residential income properties.
Free membership allows you to add your listing, but for access to their other services including email campaigns, custom websites, and video tour inclusion, there is a Premium option that starts at $69.96/month. There are other additions such as the Pro Tools package as well.
Owned by Loopnet, CityFeet has listings for every state but is primarily focused on New York City. Listings include office space, retail space, industrial space, and other types of commercial property. In New York, they have 13,200 listings available.
Plans are available monthly or quarterly, with the Standard plan starting at $99/month and the Platinum plan which includes access to their partner network and top search placement, starting at $316.65/month.
Craigslist is one of the largest listing engines in the world, with tens of thousands of listings for every major geographic region in the world. In the Office & Commercial property section, there is a collection of listings. Listings are free in this category.
CREXi is a CRE marketplace with 16,000 listings. It simplifies transactions for brokers with a suite of tools to manage the process from listing to closing.
Commercial MLS is more locally focused. They feature commercial properties from 8 counties in Washington and Oregon and have gathered 20,500 properties with 3,850 current member brokers and 1045 offices. Properties include a number of different types of commercial options. An application is required to join as an office, associate or appraiser with a $350 fee to join the Commercial Brokers Association that runs the website.
A commercial real estate information services provider, Commercial Cafe offers around 45,000 listings, including all commercial real estate property categories. It is free for brokers to add listings and has a paid advertising model for property owners.
Catylist is designed to provide services for individuals or companies looking for office, industrial, shopping, retail, land, multi-family or hospitality properties. Free Basic Membership allows you to search the listings only. For listing your own properties, gathering leads or using the marketing tools including in the site, you’ll need a Full Access Membership starting at $50/month.
Brevitas is a real estate collaboration and workflow platform that offers a marketplace for private, open, and off-market property listings. The company offers a membership model that requires a sign up to browse properties.
OfficeSpace specializes in all types of office space, independent and coworking alike. Listings are in most major cities in the U.S. and searchable by city or state. Basic site offerings are free and offer photos and floor plans. Featured Listings service begins at $39.95/month.
Real Massive is a connected digital marketplace, covering nearly four billion square feet of office, industrial, and retail space. Users can list, search, and share data sets with a platform optimized for performance analytics, digital marketing, and inventory management. They provide CRE professionals with critical insights into the performance of their markets and portfolios while streamlining marketing efforts.
Rofo offers the ability to search for office space, warehouse, retail and shared office space location based on zip code. They offer coverage of properties from 4,265 cities, totaling 1 billion square feet. Of their two membership plans, the Rofo Pro plan costs $59 per year for a single property listing in one county and you can accept up to four leads. For more listings, you can pay $45 per county/per month for unlimited leads.
The Square Foot
The Square Foot serves office space listings throughout the country, with a focus on 12 major cities. There are currently between 250 and 900 listings in each of these major cities, and fewer in additional smaller cities. There are a total of about 10,000 listings across the site. Pricing for listings is not provided on the website, but there is a form to submit your listing and you’ll be contacted directly.
Search Office Space
Search Office Space is an office space search engine with a global focus. The homepage allows you to break down your search, for the UK or for the US. With 10,000 business centers and over 50 consultants around the world, they make connections on offices, shared offices, virtual offices, conference space, and light industrial. The platform acts as a broker rather than a search engine – which means there is a 10% rate charged for successful leases.
Owned by CoStar Group, has a US site and a UK site, which you can switch between on the homepage. The search engine allows you to search commercial real estate by asset type with options to buy or lease.
It is free to list your properties on Showcase, though there are several advertising options to feature your properties, build out custom profiles, and more to feature your properties. You must contact the company to get rates.
CIMLS (the commercial investment multiple listing service) is a large commercial real estate listing service with all types of properties. The service has more than 320,000 registered members and $500+ billion in available properties. A basic plan is free and allows you to submit listings to the site, or you can upgrade to the $20/month gold membership which allows you to include additional images, documents, and lead generation tools in your listings.
Instant Offices provides listings for office spaces around the world. There are currently 8,200 offices in their listings, which include general office space, shared office space, managed office space, light industrial, and other general office locations. They charge a success fee and does not provide pricing or listing information for agents or brokers on their website. Contact them directly to learn more about partnership or operator connections.
Land and Farm
Specializes in farmland, ranches, commercial and residential property with land attached. Land and Farm has 490,200 listings. Organized by state, with several hundred properties minimum per state. The cost to advertise on the site is $24.95/month for the standard subscription or $49.95/month for the premium subscription, which offers a promised 4.4x boost in exposure.
LDCRE enables brokers and owners to increase local and global reach on listings through LDCRE’s national and international listing syndication platform into city based news websites.
In other words, it allows you to list your properties in one location and have it distributed through a long tail of local listing platforms.
42Floors is an online platform that specialises in commercial listings, subleases and coworking spaces nationally throughout the United States. The platform offers a range of spaces suited for commercial needs such as industrial space, medical space, office space and restaurant space.
It is free for CRE professionals to add their listings to the site, with the option of added features and exposure through their Elite Property upgrade.
Truss is a commercial real estate search engine that helps you find spaces which match your needs and budget requirements. It currently specializes in office, retail and industrial leases for small businesses in the Chicago, Dallas and Houston areas and is soon to begin covering Washington, D.C., Austin, San Francisco, Los Angeles, and Miami.
Truss is free to sign up and find a space, and they also offer a 3D virtual tour tool, allowing individuals to check out spaces of interest at any time.
OffMarket is a transactional platform for both buyers and sellers, offering listings that have been vetted and are categorized by filters such as geographic region and product segment.
It provides buyers access to “off market” commercial properties, reducing competition and eliminating middlemen associated costs while simultaneously offering sellers maximum exposure and direct access to credible, pre screened, eager investors.
BizBuySell frame themselves as “the internet’s largest business for sale marketplace” with 45,000 active for-sale listings including both individual locations and franchises. It offers a wide range of property categories such as food and restaurants, financial services and education and children.
The site also includes features such as broker matching and financial assistance for potential investors. The basic ad product for sellers costs $49.95 for 6 months while their showcase ad product costs $69.95 for 6 months.
This CRE marketplace platform allows brokers, buyers and owners to both list and advertise their properties live on the platform with a free to search feature for site viewers – increasing a listings’ reach. The platform covers a wide selection of commercial spaces such as office, sports & entertainment, industrial and retail.
Property Send covers properties for sale and for lease and offers a range of plans, such as the professional plan for $19.99 p/m to list up to 20 properties on the marketplace site.
RealtyZapp is a multi-feature real estate platform, allowing users to manage their listings, prospects, email campaigns and social media marketing all through one dashboard.
Individuals can both prospect and post property opportunities depending on whether they are interested in buying or selling. The product offers 3 different packages – agent, power agent and super agent, with the first one being a free program.
Which Platform Should You Choose?
Whatever your needs, there is likely a commercial real estate listing service or search engine available to meet them. This list provides the necessary information needed to choose the sites that best fit your needs and budget – especially for those looking for alternatives to CoStar or Xceligent.