LoopNet Reviews & Product Details

This is EASILY one of the best services for anyone involved in commercial real estate transactions. It provides the user with all of the relevant info necessary to either buying or selling a commercial property. When I list my properties on this website, I feel like they receive more visibility than they would on any other service. The insights and metrics that LoopNet provides are unmatched and really let you dig deep into who is interested in a particular listing or property.

There aren't many things I dislike about this service, however, if I had to choose one, it would be the over saturation of information and sometimes the misrepresentation of information. Some listings aren't correctly filled out by the person entering them into the system, which leaves room for a lot of questions that need to be asked about a particular listing.

If you are in the market for a tool that will help with any commercial real estate transaction, LoopNet is the place to go. It's a one-stop shop for any information you would need on any on-market commercial listing.

LoopNet has not only helped my current listings, but has also helped me find deals for some of my clients. In regards to my own listings, the feedback and insight that LoopNet provides is unmatched. The system gives you in depth metrics on how your listing is performing in terms of marketing and visibility to people who are interested in your type of property.

LoopNet incorporates the ease of find sale information through a list of by a map. It includes all information necessary to value the property accurately including price, location, square footage, agent contact information, and photos outside and inside the properties.

I don't like that it doesn't have an efficient way, or possibly no way, of finding information such as the county the property is located, or the exact city the property is located in. The listing will include only what the listing agent has included and doesn't have restrictions to correct the information. Therefore, sometimes a listing can be misleading with inaccurate information. There is no property tax information for new construction, so that information must be researched separately from this software. There is also no helpful valuation information other than the price listed.

I would recommend a valuation analysis to verify the price of the listings.

I am able to use the information on LoopNet to get a true valuation of the building for sale and measure whether or not the property is over or under valued.

I like the ease of inserting new properties to the database as well as researching other properties.

Sometimes the representatives call incessantly, but they are just doing their job to help get your property up to date and accurate!

LoopNet (in conjunction with CoStar) has one of the single largest databases of available real estate properties in the world. Their platform is intuitive, and accessible by the majority of internet users. Great research tool!

Ease of locating other individuals who may not know where else to find my properties/my contact information.

Easy to upgrade services. Properties display on Loopnet sites, but nowhere else. No indication of any syndication whatsoever.

Marginal performance at best. Our listing was never displayed in an organic Google search, which one should expect. What's more, the small prospect list that we did generate was lost when we downgraded our service. We were told we would have to recommit to see the names and numbers of the 17 prospects we already paid close to $400 to generate. I have never had a lead system that suppresses names and numbers from the CRM for leads you have already paid for.

Don't expect much.

No results from 90 days of service.

I love that you can easily search through the map or addresses and find what you are looking for. Some of the information is hard to find, specifically land options or addresses with two names.

I hate the two premium listing and searcher accounts. I have a premium searcher account and it is extremely useful to search through listings but if I have a broker that wants to upload a listing and have everyone see it, I cannot do that through my account. You need a premium LISTER account which is separate and is another fee. Also when you are looking at the name of a broker or user, it shows "Premium" but it does not show which account they have.

I am constantly getting alerts through Loopnet about new listings, changes or things taken off the market. I realized that I can set up alerts to send to my email and have a "watch list" which shows me if something has been taken off the market. It helps when I am updating the system.

Loopnet, especially after their recent pairing with CoStar and their makeover, has become an extremely easy to use marketing tool for all of our commercial properties. The ease of adding a new sale listing makes my job so much simpler.

The only thing I dislike is that they limit you on the characters you are allowed to use in the property highlights.

While it is a great marketing tool, beware that they do partner with CoStar, so you will get a LOT of calls about your sales.

This is where we send all of our listings that we cannot sell using our own marketing efforts. I like it because Loopnet will match you with a 'Prospect List' based on their criteria, and you can send the property to them based on the match-up.

As a smaller firm with few listings not managed by brokers Loopnet allows us to be a right-sized tool. We can also share listings with our joint venture partners.

When Costar and Loopnet merged it made a mess of my listings and pulled incorrect (old) information into my account. I also dislike how frequently they make account reps verify listings and request details on closed transactions. I changed my review from an 8 to a 6 because of the changes and constant calls from Costar.

It has been a price effective tool for us to promote vacancies with our office spaces. We have had inquires generated from LoopNet.

LoopNet allows anyone to use its site. Both professionals and independent customers can use LoopNet for free to get a general idea for properties on the market and where pricing is for all Commercial Real Estate properties.

I have used LoopNet for over 5 years, and it has gotten better over time. However, LoopNet still has one major issue - many of its listings are either out of date or inaccurate. I am a broker, and I post my own listings on the site and I also use the site to look for properties for clients of mine. With that being said, many of the properties I come across are not updated accurately, and are not even currently on the market. To be fair, I have had a couple outdated listings on the site. This is because LoopNet doesn't have a great system for checking on listings to verify the accuracy of them or to follow-up with agents/brokers who have posted listings.

I highly recommend using LoopNet to get a feel for how this database and service functions. Some brokers and individuals love it and solely use it as their listing service. However, to get the most out of LoopNet, you need to become a Premium user which comes with a costly price tag. The free service is good but doesn't offer all the information that is on the site. Like most listing services, you have to pay to get the most out of it, which is slightly misleading since many people think the site is completely free to use.

LoopNet makes it easy for my clients to get a feel for the market on their own, but because the information is not always accurate, sometimes is it misleading. However, LoopNet offers a wide variety of properties and a lot of people use the site to post listings and check on what is available in the current marketplace. It is widely used by both brokers and individuals and is continuing to grow in size which is making the service better every year.

I like that LoopNet is a very accessible and social version of other real estate databases like Xceligent or CoStar. Anybody can make a free account and start searching. It opens up the mysterious world of commercial real estate to the public. It allows brokers to advertise much more than other platforms.

LoopNet is a good resource for industry news.

Some residential brokers will put things on LoopNet but not on CoStar. Some commercial brokers will put listings on CoStar but not on LoopNet. I dislike the need to search and cross reference multiple sources to find out the true information. I find myself starting with CoStar (because it's my best chance), cross referencing with Xceligent (because I'm likely to get a good feel), and then last resort go to LoopNet. While LoopNet is a good source for industry news, it's not such a reliable source for detailed information on properties.

If CoStar is the MLS of commercial properties, LoopNet is Zillow.

If you're going to pay for LoopNet premium, consider alternatives. Having a Basic account is free and I would highly recommend to anybody who wants or needs to know information on commercial properties. Is it a perfectly curated database of properties? No. But it is a good jumping on point that can give you enough information to dig deeper.

LoopNet allows the public to inform themselves on some commercial real estate. I use it to pose questions to the public, advertise my services, and learn about industry trends.

Being able to search for investments properties and find what we want to get more information on.

I have been a dedicated user of Loopnet for years. Since the buyout by CoStar the price tripled to $500 + per month. Far more than a multi family investor like myself would ever pay. This is CRAZY high. Run away from this company.

We have been able to locate properties across the country that we like with this product. It did solve the past issue of having to spend all day on the phone with brokers looking for properties. This allowed us to grow quicker rather than waiting on the brokers to call us.

Loopnet has the largest number of unique visits per month of any property listing service.

There is no way to update your own listings. It has to be done through an account manager via email or phone conversation.

I would recommend utilizing one of the lower priced packages and revolving listings based on importance.

I'm reaching out to a much larger database of potential customers. My property listing views have risen exponentially.

LoopNet is becoming a garbage listings 93% off the listings are c or less properties

They want you to pay hefty fees to view properties that owners pay to list

You best side for multi family is to the listings agents you can find them tru real estate companies listed tru out the country

Everything loop net even list single family or condo when it supposed to be commercial

Nothing

Within the searches, my favorite part of Loopnet is the concise listings and ease to find the information that you need

The thing that i dislike about Loopnet is how unorganized the home page is. At first when i started using it, I couldn't tell that the use was or what I was supposed to do on it.

Loopnet is a great and simply tool to use when you need to do a search in a specified area. I think it's a better application than many big name apps.

Loopnet is very helpful when you are looking for specific real estate needs in a specified area. It's ease of use inside of the search makes the site simple and reliable

LoopNet's concept is a good one - allowing people looking for or interested in selling/leasing commercial property to post those listings easily. That is about the only positive these days.

The customer loyalty and care of this Company after being purchased by CoStar is non-existent. Basically CoStar uses LoopNet as a lead feeder to try to sell loyal LoopNet customers a substantially more expensive product that really doesn't provide much more in the way of information. The sales people for CoStar are rude and do not listen. When a loyal customer complains to LoopNet they are referred back to the overly agressive CoStar salespeople who tell you there is nothing they can do but sell you the ridiculously expensive CoStar subscription services they are pushing. Having been a customer from the beginning of the LoopNet subscription service having been offered counts for nothing - CoStar still just views original LoopNet customers as a sales target for overpriced data products and treats formerly loyal customers without regard.

Beware of this Company, after having been purchased by the larger CoStar they are not at all a customer centric organization, they simply want to try to sign you up for the ridiculously priced CoStar products and limit your ability to access LoopNet for the more reasonable pricing even when you were an original customer of LoopNet. Basically LoopNet has become a lead resource for CoStar to try to charge huge fees for information that really doesn't serve a customer any further (event hough they will tell you a long song and dance about how it does). If you have a title company relationship and broker relationships as an investor don't waste your time with LoopNet or pay for CoStar - not good people and not a good company.

Would not do further business with this Company because of their lack of customer care and respect for a long term loyalty among their customer base.

I like how I can easily search different listings and find information on commercial properties

I dislike that there isn't owner information right there available

There is a good free version, but if you want all the information on each property the paid upgrade is necessary

I am finding commercial properties that are up for sale currently in a market I have current business.

LoopNet is one of the most reliable and accessible data collections tools for commercial real estate professionals. In particular I like the information they give about the property up front, such as square footage, cap rate, and the broker's contact information. This is a great way to begin due diligence before investing in a property.

I do not like how the seller is able to not disclose the price of their property. Not only does this make it difficult for a potential investor, but also I think it hurts the seller. Unless the property is extremely intriguing, it will likely be ruled out or passed over without a listing price.

Loopnet is a good way to begin the due diligence process. It allows investors to familiarize themselves with the asset at its core, before dedicating significant manpower and money into a project. I have found this tool to be extremely useful and I highly recommend it.

The business problems I am solving and the benefits I have realized are getting through the convoluted commercial property market, and making adding a new efficiency to the acquisition process.

Loopnet is free to use and add your commercial listings too. The dashboard to view your listings immediately shows you how many views each property has. They have amazing customer service that call you to verify information on your listing, and let you know when you're missing information to help market the property.

To get maximum exposure, you need to upgrade your listings, which can be extremely expensive

We have received leads on our listings from LoopNet, and been able to be seen by a broader range of potential buyers

The interface is easy to use, search, and create reports from. It is the number one place to go for commercial real estate listings and information on what the market is currently doing. They make it very easy to find the properties you're looking for and, unlike some services, they only give you the information you need to know about the property. It's the first and last place I go for commercial real estate listings.

Occasionally the information is not as up-to-date as it could be. They also try to push their customers towards buying 'premium listings,' but that means your listing can get pushed to the bottom if you opt out of paying extra for the premium service. There was also a recent update to their user interface that has actually made the service slightly less user-friendly in my experience. But maybe it'll just take some getting used to.

If you're a commercial real estate broker or investor and you're for some reason debating whether or not you should use LoopNet, the short and simple answer is that you should, without a doubt, subscribe to the service and use it. You simply aren't in the game if you aren't using this service.

The problem Loopnet solves is fragmented information and data about current real estate listings - without it, looking for active listings would involve bouncing around from site to site and MLS to MLS, but, because Loopnet is so widely used, you have access to all the information you need in one spot.

it is the one platform that sells commercial real estate better than any other. 80%+ of my sales happen from Loopnet. It is free for the public to search, generally.

I am not crazy about the search engine as presently configured. I've liked earlier iterations better. Wish there was a way to quickly print offering memorandums in bulk, rather than just Loopnet reports. They are owned by CoStar and it is expensive.

It is the only national marketing solution for broker to broad end user marketplace worth considering in the Dallas / Fort Worth Market. There are other programs, but I rarely if ever get any calls from them.

I have sold many properties through Loopnet and mostly to end users which saves me from splitting commissions.

LoopNet most likely has lower costs so more properties are listed on it. The non-institutional and/or one off owners list more on LoopNet so is some ways it is more comprehensive for suburban and small market areas.

It is not as easy to search for properties. Other real estate tools allow a user to search by radius, custom shape, or city. The main geographical search in LoopNet is zip code. Also, it does not have a refined report tool.

It is a good tool to find property in tight markets. CoStar is more refined.

LoopNet allows users to find properties in small markets or non-institutional properties. Most of the LoopNet has the majority of CoStar's information but the website is not as robust or customization as CoStar. Benefit is the ability to find property or space owned by non-institutional owners.

I know that my multifamily and commercial properties will be viewed both in the MLS and also on one of the largest commercial sites in the area.

No negatives. this is a free sight and anyone not utilizng their services is missing the boat

I suggest registering your listing on this highly used site. multi-family, commercial, mixed use. investment.

Exposure of my commercial listings to both buyers, investors and other commercial realtors. I have realized people calling on these listings when they have not been viewed on the standard MLS

I love how I’m able to get in contact with a broker through loopnet, which allows me to find other deals before they hit the market.

Deals on loopnet are usually overpicked and are the “sloppy seconds” the seasoned investor has passed down after an agent or broker contacted them as an off market agreement.

Use loopnet to meet and connect with brokers. Most deals are overpriced and overpicked.

Connecting and networking with brokers and realtors, as well as other investors.

I love the ease of searching on LoopNet and comparing/contrasting the difference between different commercial properties.

Sometimes it takes LoopNet a few hours/day or two to upload brand new commercial properties. I believe it should be immediate upon posting.

Great range of properties and awesome comparisons.

The range of properties available on LoopNet is extensive and in turn the searches are proven to be GREAT for a solid comparison of all options available for our clients.

The map showcasing the available properties in my community

Would like to know how long a property has been on the market.

Being able to quickly at a glance find available properties

Ability to see commercial real estate listings

The cost is outrageous for premium listings and it just keeps going up every year, there is not a better solution on the market. Unfortunately they have the best product out there so you have to keep paying their premiums.

ease of marketing

I like that it gives you the control to display your availabilities to other people looking within the industry

You can't filter out old ads from when previous companies owned certain locations and advertised through LoopNet or Co-star as well

Be sure to clear out any ads for properties if your company recently has purchased that location.

An easier way to market within the real estate community

The platform is clean, easy to use an offers some extra marketing feature other platforms do not.

LoopNet is designed to be easy for non-real estate people to use but that also means it is full of inaccuracies and outdated information...which can be seen by the general public and causes confusion with our clients

Good for basic property marketing but if you need more powerful analytical tools look to the sister company CoStar

The best feature of LoopNet is the price. It enables Landlord's and property owners to market their own properties to a wider audience which makes my rural research easier.

It has great reach. Alot of freebies included in premium listings.

It doesn't have a tenant rep requiremnet EBLAST feature.

Their new portal starts off with 1 city, one type of property.

You can access their old search criteria by hitting more filters, but it's a 2-3 step process.

it's a good value for what they are offering.

tenant rep and listings.

Loopnet is not only a good tool for uncovering comparables, but also serves as useful tool for finding local brokers in the market.

The information is not as detailed as other providers that provide real estate sales data. The site is a good starting point, but definitely not as reliable. I've used both the basic and paid subscription service, but find that my comp budget is best spent with other providers.

I use it on a regular basis for searching for current listings. Also a good tool for uncovering special purpose property listings on a regional or national basis.

I appreciate the map feature as well as the ease of use for listings.

I believe there could be more information to narrow down your search to specific requirements.

I would look around the sight, and try all the features a couple times in order to become familiar with everything it has to offer.

Marketing listings to large groups of people.

Leads.

It is not useful anymore. CoStar purchased Loopnet and now they cut functionality and try to sell expensive subscription to CoStar. For an owner of few properties it doesn't make sense to pay min. $1,000 per month for something what cost $100 per month.

It is not useful anymore. CoStar purchased Loopnet and now they cut functionality and try to sell expensive subscription to CoStar. For an owner of few properties it doesn't make sense to pay min. $1,000 per month for something what cost $100 per month.

Commerical real estate sales and leasting

LoopNet's costs and service fees are very reasonable and affordable.

Sometimes the property information and data is limited.

Loopnet is an inexpensive solution for commercial data. Many other commercial data providers are much more expensive.

Market data research, which is key to my real estate transaction. LoopNet is a good source of commercial data and information,

Access to commercial info. This info is not available via our residential mls.

Nothing. I can't think of a thing I do not like.

If you need updated commercial property info- loop net is perfect.

My residential clients may want to buy a commercial property. I am able to access this via loop net.

When you lift on loop net you usually find someone for your space immediately. It is definitely worth the money

They recently updated the software and to search properties in different cities take a lot of extra effort I don't like how they let other brokers advertise and they put their name on your listing next to it

It is worth signing up it's a great program and will help you make money

If you have a building that has multiple units you can with them on the site with multiple listings you have to use the same mista if you have a building that has multiple units you can with them on the site with multiple listings you have to use the same listing