When building a business in the highly-competitive commercial real estate industry, finding or creating valuable listings helps CRE professionals to be on the wave and get more successful deals.
Commercial real estate listing websites are digital platforms that aggregate, display, and facilitate the marketing of commercial properties for sale or lease. These online marketplaces serve as centralized hubs where property owners, brokers, and commercial real estate professionals can list various types of commercial properties, including office spaces, retail locations, industrial facilities, and multi-family buildings.
Commercial property websites contain valuable information for CRE professionals. However, when you google “search commercial real estate listing sites,” you’ll get millions of sources to choose from. However, only a tiny part of them can be considered reliable commercial property listing websites.
To help brokerages, investment firms, and other teams find reliable sources of commercial property listings, we’ve conducted in-depth research and compiled a list of the best and most used sources of where to find commercial real estate listings. Let’s dive into it!
MarketSpace has got all you need: It automatically publishes and updates listings right from your CRM software, attracts leads, offers extensive search options, and has a very intuitive design.
There are many commercial property listings sites to help you advertise or search specific commercial building listings.
In this passage, we’ll describe two primary sources of where to find commercial real estate listings.
Firstly, you can get listings through a strong network. Commercial real estate agents are constantly creating and maintaining relationships. Many of them start by connecting with everyone they know (family, friends, acquaintances). They communicate with these people to make it known that they are in the business.
Even if CRE agents communicate with people that might not be in the market for selling or buying properties now, there are chances they will become prospective clients and CRE leads later or have other acquaintances that might be interested in the deal.
To expand the network, agents and brokers use the methods of warm calling and cold calling to attract leads to commercial building listings as well.
Secondly, use MLS or commercial property listing sites to advertise your commercial real estate for sale.
To help you choose the best platform for commercial realty listings, we’ve collected a list of some of commercial property listing sites with a further description based on the brokers’ responses from the survey.
In the next passages, we’ll analyze top 10 commercial listing sites based on their number of active listings, users, available pricing plans, and cost.
LoopNet is one of the most recognized commercial property listing sites that offer various types of CRE: office, multi-family, industrial, retail, land, agricultural, hotel & motel, residential income properties, and more. It has one of the largest databases with 1.1 million property listings and 5.1 billion square feet for lease around the globe.
In April 2012, LoopNet was acquired by CoStar Group Inc for $860 million in cash and stock. In October 2017, CoStar fully integrated its database with LoopNet, expanding the number of commercial realty listings, and creating a new platform for users.
Commercial Real Estate Exchange, Inc. (CREXi) is the commercial real estate marketplace and technology platform. Since launching in 2015, CREXi has helped 6 million users (buyers, tenants, and brokers) to transact business on over 500,000 commercial listings.
Catylist (acquired by Moody’s) is a listing platform that provides services for individuals or companies looking for office, industrial, shopping, retail, land, multi-family, or hospitality properties. It contains thousands of listings across the United States in different categories.
Brevitas is a commercial listing platform partner of the National Association of REALTORS that offers a private, open, and off-market commercial real estate marketplace.
It allows users to track the offers on the market, search or post “a want,” create alerts and listings. Additionally, users can request syndication if they want to add listings from their company or MLS.
OfficeSpace.com (acquired by Biproxi) specializes in all types of office spaces, including large-scale spaces, smaller offices for independent businesses, and coworking spaces. Users can browse the listings according to the following categories: commercial, office, retail, industrial.
The site currently has more than 570,000 active listings across the United States available for tenants, brokers, and partners. The predominant part of commercial realty listings covers 20 major U.S. cities and states.
MarketSpace is a property listing platform and collaboration room integrated with AscendixRE. Such integration allows the publishing of property listings with prepopulated data right from AscendixRE CRM.
theBrokerList is a niche commercial real estate site that focuses on connecting brokers and industry professionals. As one of the unique commercial property websites, it offers a platform for listing properties, sharing industry news, and networking within the commercial real estate community. theBrokerList stands out among commercial real estate sites for its emphasis on broker-to-broker interactions and collaborative opportunities.
TenantBase differentiates itself in the realm of commercial real estate sites by focusing on the tenant side of transactions. This platform simplifies the process of finding and leasing commercial spaces, offering a user-friendly interface for businesses seeking new locations.
RealNex Marketplace is a comprehensive solution among commercial property websites that boasts over 250,000 listings and provides a suite of tools for commercial real estate professionals. It includes not only property listings but also CRM capabilities, financial analysis tools, and marketing resources, making it a one-stop shop for many in the industry.
Digsy takes a unique approach in the landscape of commercial real estate sites by offering a free platform that connects tenants and buyers directly with local commercial real estate agents. Its AI-powered matching system streamlines the process of finding suitable properties and qualified agents.
Spacelist is a Canadian-based commercial real estate site that has expanded to serve North American markets. It claims to have over 500,000 listings, making it one of the larger commercial property websites in terms of inventory.
The rest of the commercial listing sites preferred by brokers are presented on the chart below.
Featuring your commercial asset on these platforms can increase your chances of finding a qualified buyer. The listed-above commercial realty listings have become handy tools for investors, tenant rep brokers, commercial real estate brokers.
Basically, when a person wants to sell commercial property, he/she needs to:
These are the fundamentals of listing and selling commercial real estate. Most CRE specialists know them; however, a minor revision will clarify some things for all readers of this article.
Let’s start with property listing meaning. While some consider listing as the advert for a property ready for sale or rent, the listing refers to the listing agreement between a principal and an agent regarding property marketing.
Hence, what is a listing agreement?
The listing agreement is an employment contract that authorizes an agent to act on behalf of a principal. This agreement covers:
Each listing agreement contains special terms and conditions. They vary according to the types of listing agreement:
Once a broker signed a listing agreement with a seller and created a listing of properties, they need to add it to the multiple listing service (MLS) and Commercial Information Exchange (CIE).
MLS is a database of available properties for sale used by commercial real estate brokers. An MLS allows brokers to see commercial building listings for sale to connect home buyers to sellers; for property buyers, it provides access to numerous listings while sellers get connected to buyers through their broker or agent.
CIE is a system specifically designed for commercial real estate in the USA. It serves similarly to MLS but focuses on sharing information about commercial properties meant for business or investment purposes, including office buildings, retail spaces, industrial properties, warehouses, and land zones for commercial use.
CIEs are operated by local broker associations to serve the local American commercial real estate market.
After submitting a commercial property listing on the MLS (Multiple Listing Service), here are the next steps typically involved:
The listing is reviewed by the MLS administrators to ensure it meets all guidelines and requirements. Once verified, it becomes live and accessible to other agents and potential buyers.
Flyers and Brochures: Use commercial real estate flyer software to create high-quality flyers and brochures for distribution.
Online Listings: Publish the property on other real estate platforms, social media, and the brokerage’s website to increase visibility.
Email Campaigns: Send emails to a curated list of potential buyers and real estate investors.
Brokers arrange and schedule property showings for interested parties. Virtual tours and open house events may also be organized to showcase the property.
In order to respond to inquiries, brokers respond to field calls and emails, provide detailed information, and answer any questions potential buyers may have.
Brokers and sellers negotiate with interested buyers, discussing terms, conditions, and any contingencies.
Assist the buyer in conducting the necessary due diligence, including inspections, appraisals, and obtaining financing.
Draft and review contracts, ensuring all terms are agreed upon by both parties.
Facilitation of the closing process ensures all legal and financial requirements are met, and ownership is transferred to the buyer.
By following these steps, brokers ensure a smooth and efficient transaction process after their commercial property listing is submitted on the MLS.
By 2050 commercial building floor space is expected to reach 124.3 billion square feet. Hence, brokers will always be looking for sources of commercial building listings. Knowing where to find commercial realty listings for a good price helps to close deals successfully.
I hope this article provides you with the necessary information needed to choose the commercial property listing sites that best fit your needs and budget. If you are looking for an advanced alternative, I recommend you try MarketSpace — an all-in-one tool for marketing your Listings and Availabilities. It is connected with AscendixRE CRM (a competitive CRE solution for market leaders) that stores all necessary property data and automatically publishes it in MarketSpace.
Additionally, you can edit commercial building listings in the CRM, see who viewed your listings, track the top offers, follow up with leads, control the performance, and more.
Contact our team to get a consultation about the benefits of MarketSpace or book a demo to see how it works in action.
Kateryna creates engaging content about Salesforce consulting, Ascendix products, and CRM best practices for the commercial real estate industry and legal services. Her articles provide readers with relevant data, stats, business tricks and overviews of new industry trends and CRM updates.
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