LoopNet

LoopNet is a leading online marketplace for commercial real estate, offering a platform where users can search for properties to lease, purchase, or invest in. It serves a wide range of sectors including office, retail, industrial, multi-family, and land properties. Their website provides detailed property listings, including photos, pricing, and location information. LoopNet aims to connect buyers, sellers, and real estate professionals, facilitating easier access to commercial real estate opportunities across the United States.

Summary

LoopNet appears to be a powerful tool for those involved in the commercial real estate market, offering a wide range of properties and valuable market insights. It may be particularly beneficial for users who require access to a large database of commercial listings and are willing to invest in premium features to enhance their real estate activities. However, potential users should carefully consider the platform’s pricing and subscription model, especially given the feedback regarding customer service and billing issues. It may be beneficial to thoroughly review the terms of service, seek out additional user reviews, and possibly contact LoopNet directly for clarification on pricing and features before committing to a subscription. In conclusion, if you are in the market for commercial real estate and the services align with your needs and budget, LoopNet could be a valuable resource. Yet, due diligence is advised to ensure it matches your specific requirements and to mitigate any concerns raised in user feedback.

Rating

Product Details

Key Product Features:
LoopNet's key product features include: a vast database of commercial real estate listings for sale and lease, encompassing various property types such as office spaces, retail locations, industrial warehouses, and multifamily residences; advanced search functionalities that allow users to filter listings by location, property type, price, and more, to find precisely what they're looking for; tools for creating and showcasing property listings with detailed descriptions, high-quality photos, and virtual tours to attract potential buyers or renters; market intelligence and insights to help users make informed decisions, including data on market trends, comparables, and historical property information.

Business Info

Team Members

Scott Zlotak

Senior Sales Executive

Hunter Buel

CRE Digital Marketing Specialist

Adam Corso

Regional Vice President of Sales

Software Reviews

ilan r.
“Good interface”
What do you like best about LoopNet?

The ease of use on both sides, for the lister and searcher.

What do you dislike about LoopNet?

Supply can become stale, not a reliable one stop shop.

What problems is LoopNet solving and how is that benefiting you?

One of many aggregators, the consolidation and availability would be significant.

Zach T.
“Increased their rates significantly, USE CREXI INSTEAD”
What do you like best about LoopNet?

Their advertising platform was great for the year that I had them. Then it went downhill after that.

What do you dislike about LoopNet?

They increased their rates by a whopping $50 per silver slot after my one-year term, which was $150/month for me. They did not inform me of the new rate increase until after my contract expired. They also weren’t advertising my listings on a couple of occasions when I went to check on them on LoopNet.

What problems is LoopNet solving and how is that benefiting you?

Their prices have increased excessively. I recommend that commercial users/professionals use Crexi instead. It’s significantly cheaper and a better platform overall.

Nick B.
“LoopNet Engages in False Advertising and Outright Scams”
What do you like best about LoopNet?

Absolutely nothing. This company failed to produce any successful leads whatsoever for my listing and charged me without even publishing my listing for the amount of time I paid for.

What do you dislike about LoopNet?

The website makes it seem like I was paying for 3 month’s worth of active listings. I disabled my listing while I was busy renovating the office and thought I could renew the listing for the rest of my term. The person I spoke to on the phone said I could pause the listing until was ready but I just called in today and now they’re saying they can’t renew my listing or use the payments I made towards actually publishing my listing for the 3 months I already paid for. I asked for a refund or at the very least the other 2 months’ worth of active listing for my property and they refused. They were also incredibly rude and disrespectful over the phone. The phone agent called me personally insulted me. I’m having to file a fraud charge with my bank to resolve it. As a small business struggling to make ends meet, paying $600 for absolutely nothing is devastating.

What problems is LoopNet solving and how is that benefiting you?

Publishing real estate listings.