Commercial Real Estate Platforms
When it comes to buying, selling, or leasing commercial real estate, having the right tools and resources at your disposal is crucial.
Fortunately, there are a variety of platforms available that offer a range of features to help you explore the market. InclusiveCRE has identified over 40 such platforms, each with its own unique strengths and capabilities. You can browse through all 40 platforms for free here.
Two of the most popular platforms in the commercial real estate industry are Crexi and LoopNet. Both platforms offer a wide range of features and tools to help real estate professionals and investors navigate the market, but they also have their own strengths and weaknesses.
In this article, we will take a closer look at both platforms and compare them side-by side to help you determine which one is the best fit for your business.
One of the most important features of any commercial real estate platform is the number and the quality of the property listings. Unfortunately, many listing platforms struggle with maintaining accurate and up-to-date property listings.
As a result, users may come across expired or outdated listings, which can be frustrating and time-consuming to filter through. For instance, imagine coming across what appears to be your dream property, only to realize after contacting the listing broker that it has already been sold. Such a situation can be extremely frustrating and disappointing, leaving you with wasted time and effort.
Therefore, it’s essential to choose a platform that prioritizes keeping their listings current and relevant. Both Crexi and LoopNet offer a large selection of properties, but there are some key differences to consider.
LoopNet has been around for much longer than Crexi and as a result, has a larger and more established user base. This means that it tends to have more listings overall, especially in major metropolitan areas.
However, Crexi is newer and more innovative platform, and it’s quickly gaining ground in terms of the number of quality of its listings.
Search and Filtering
Another important feature of any commercial real estate platform is the ability to search and filter properties to find the ones that are most relevant to your needs.
Both Crexi and LoopNet offer robust search and filtering tools, but they work in slightly different ways. LoopNet allows you to search for properties using a wide range of criteria including location, property type, size, and price. It also allows you to save your search criteria for future use and receive notifications when new properties that match your criteria become available.
Crexi also allows you to search for properties using a wide range of criteria, but it also offers additional features such as interactive maps, 3D tours, and the ability to view properties from multiple angles.
Marketing and Advertising
Marketing and advertising are essential for any real estate professional looking to promote their properties and reach potential buyers or renters. Both Crexi and LoopNet offer a range of marketing and advertising tools, but they have slightly different focuses.
LoopNet is geared more towards traditional marketing and advertising, offering features such as property brochures, email marketing, and print advertising. Crexi, on the other hand, is more focused on digital marketing and advertising, offering features such as social media integration, lead generation tools, and the ability to create and publish your own property websites.
Pricing and Access
Finally, it’s important to consider the pricing and access options for each platform.
LoopNet offers several different pricing plans, with different levels of access and features depending on the plan you choose. The basic plan is free, but it’s quite limited in terms of the number of properties and features you can access. The more expensive plans offer more access and features, but they can be quite expensive.
Crexi, on the other hand, offers a more flexible pricing model, with a free basic plan and the option to upgrade to a paid plan for additional features. The paid plan is more affordable than LoopNet’s paid plans, but it’s still quite limited in terms of the number of properties and features you can access.
Conclusion: Crexi vs LoopNet
Both Crexi and LoopNet are excellent commercial real estate platforms that offer a wide range of features and tools to help real estate professionals navigate the market. Both platforms have their own unique strengths and weaknesses, and the best choice for your business will depend on your specific needs and preferences.
If you’re looking for a platform with a larger and more established user base, LoopNet may be the better choice. If you’re looking for a newer and more modern take on commercial real estate, Crexi is the one.
Crexi or LoopNet, you decide.
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