SAN FRANCISCO, CA - LoopNet, Inc., which operates the largest online commercial real estate marketplace, today announced that earlier this week it surpassed more than $500 billion of properties available for sale and that it has surpassed 2.75 million registered members. "LoopNet is the leading online commercial property marketing platform. Our primary measure of success is the results that we deliver to our clients and we hear regularly from them that no other online listing platform comes close," said Thomas Byrne, LoopNet's President and Chief Operating Officer. "LoopNet's 'Put Clients First' philosophy has allowed us to become a trusted partner of some of the largest commercial brokerage firms in the world and we believe it will allow us to continue to clearly distinguish LoopNet from other firms."
Highlighted below are some of the key metrics and usage statistics of LoopNet.com: Registered Members: more than 2.75 million registered members. Opt-In Emails Recipients: 800,000 opt-in subscribers to weekly LoopNews. Premium Members: 88,340 Premium Members at year-end 2007. Unique Monthly Visitors: 998,000 average unique monthly visitors during January and February, 2008 (according to comScore Media Metrix). Profile Views: more than 35 million profile views of listings (during fourth quarter 2007)
Listing Partner to Commercial Real Estate Firms: LoopLink powers more listings for more commercial real estate firm websites than any other service. LoopLink clients include CB Richard Ellis, Grubb & Ellis, NAI Global, Colliers International, ONCOR International, Staubach, CCIM Institute and SIOR. Properties Available For Sale: $500 Billion For Sale in aggregate. Properties Available For Lease: 4.3 Billion Square Feet For Lease in aggregate
LoopNet's marketplace, available at www.LoopNet.com, covers all commercial property categories, including office, industrial, retail, multifamily (apartment buildings for sale), hotel, land, specialty properties, and businesses for sale. Becoming a LoopNet Registered Member is FREE. Registered Members can also search and list properties on LoopNet for FREE. Premium Membership is an optional upgrade that provides our Members with the most powerful online marketing and property searching tools available.
LoopNet, Inc. is the leading online marketplace for commercial real estate and businesses for sale in the United States. Our online marketplace enables commercial real estate agents, working on behalf of property owners and landlords, to list properties for sale or for lease by submitting detailed property listing information in order to find a buyer or tenant. Commercial real estate brokers, agents, buyers and tenants use the LoopNet online marketplace to search for available property listings that meet their commercial real estate criteria. By connecting the sources of commercial real estate supply and demand in an efficient manner, LoopNet enables commercial real estate participants to initiate and complete more transactions more cost-effectively than through other means. LoopNet also delivers technology and information services to commercial real estate organizations to manage their online listing presence and optimize property marketing.
Source: PRNewswire