All of us have used CoStar and LoopNet to search for commercial properties online. These websites are two of the most commonly used methods to look for listings and information. However there are other lesser known, but highly effective sites that can be used to look up commercial real estate listings. Many of these companies are start-ups that have entered the market to provide new and efficient solutions to the commercial real estate (CRE) industry. Here are 3 companies that are providing novel ways of searching/listing CRE properties:
Brevitas, a San Francisco-based startup company, features exclusive commercial real estate listings for prospective buyers. This is how it works: a broker/agent places a listing on the website. Then the agent receives inquiries from prospects and qualifies them based on documents they have submitted through the website. If they qualify, then they receive more details about the property. Exclusivity is the name of the game of this site, touted as “A Private Marketplace for Commercial Real Estate.”
42Floors is one of the more famous start-ups in the CRE world and is used by prominent players such as CBRE, Cushman & Wakefield, Collier’s International, and JLL. Unlike Brevitas, the website allows anyone to see fully detailed listings with no qualification process and no sign-up necessary. Listing agents, brokers and landlords can also upload individual listings onto the site. 42Floors has expanded from its original mission and has added the opportunity for coworking spaces and office vendors to offer their inventory.
Pono Asset Management’s TheRRD offers the ability to search for property listings. It will also allow brokers and agents to post their listings. The Dallas-based company is currently revamping their website (TheRRD.com) by adding new features and giving it a new look. Joe Killinger, CEO of TheRRD says that, “As the only comprehensive real estate services website, TheRRD will allow both principles and brokers to search databases for both lease and sale listings, of all asset classes of real estate, as well as conduct their tenant screening, find vendors, fill their insurance needs and much more.”
Although searching for commercial real estate online is a great first step in securing property, working with an experienced CRE agent is the best way to help guide you through the rest of the process. Contact Commercial Brokers International today at 310.943.8530 or by visiting CBIcommercial.com to realize your real estate investment dreams.
*TheRRD is owned by Pono Asset Management, a holding company which also owns Commercial Brokers International.