SAN FRANCISCO-Online commercial real estate marketplace provider, LoopNet Inc., has released the LoopNet Property database, which comprises data on five million commercial properties across all major property types including retail, office, industrial and multifamily in all 50 states.
The LoopNet Property database available at no additional cost to all existing LoopNet Premium Members and all new Premium Members who enroll during the beta launch period. Additionally, LoopNet is launching the LoopNet iPad App that integrates the LoopNet Property database with the LoopNet Marketplace. The iPad App was showcased at the ICSC conference in Las Vegas earlier this week.
With the launch of its commercial property database, LoopNet is significantly expanding its information service offerings, making a wealth of data available at a very low cost to investors, brokers, sellers, owners, tenants and other real estate professionals researching their markets, according to a prepared statement.
“We are very excited to deliver the LoopNet Property database of more than 5 million commercial properties to our clients. Delivering a ‘high-quality, alternative source for commercial property information at an affordable price’ is the number one request that we have heard from LoopNet clients for many years,” says Thomas Byrne, LoopNet’s president and COO in a prepared statement. “There are no geographic search restrictions for subscribing clients, and the database is integrated seamlessly into LoopNet’s commercial real estate marketplace at LoopNet.com. We look forward to the opportunity to build upon our existing marketplace relationships with our clients and offer an entirely new set of solutions to them.”
LoopNet’s new commercial property database has information including: owner details and history; tenant rosters and details; mortgage and lender history; tax records and assessed values; historical for sale and leased information; property details and photos; and asking price and asking rent trends. “The value of this information to commercial real estate professionals is enormous,” Byrne adds. “The LoopNet Property database will allow customers to use LoopNet to do far more than just market or search for available properties. It will enable them to prospect for new business, research and assess property values, spot trends, enhance client presentations, better position listings and assess asking rents.”
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