There are many different commercial real estate listing websites on the market.
And should you be in this real estate niche and want to see results, you might ask yourself which one to choose to get the best out of them.
This article will be different from others on this topic, because I will focus on the performance data of the different websites there are.
So, which one is the best?
The best commercial real estate listing website from a seller’s and real estate pro’s perspective is Ten-X with the highest average amount of monthly traffic per property listing.
From the perspective of a potential buyer interested in a large inventory, it’s Craigslist, followed by OfficeSpace and LoopNet.
What Are Commercial Real Estate Listing Websites?
A commercial real estate listing website is just like any other real estate listing website, with the only difference that their focus is on commercial properties.
You can add properties as a seller and/or real estate broker or agent. And as a buyer, you can usually use a property search with different search criteria and filters to find the right one for you.
In terms of value proposition, they help sellers/real estate professionals to sell or lease a property in a timely manner, because of the amount of traffic they are receiving.
Also, the value for potential buyers is being able to find the right property because of the large enough inventory they have.
So, it’s a typical two-sided platform that needs to get a high amount of users from both sides.
The Two Criteria for the Best Commercial Real Estate Listing Website
Based on the value proposition from above, there are actually two main criteria with which you can qualify the best commercial real estate listing website.
From a buyer’s perspective, it’s the size of the inventory.
The larger the property inventory, the higher the value for the potential buyers.
Because they will have a higher chance of finding the right commercial property.
From a seller’s or agent’s perspective, it’s the amount of traffic their particular listing will receive in a given month.
Because the more traffic one particular listing receives, the higher the chances to generate buyer leads.
By the way, this situation creates a little “value conflict”.
The ideal and rather utopic situation for a seller or real estate professional would be to have no competing offers and that all the traffic will come to only their listing.
But since the platform also wants to offer value to potential buyers, they need to have a certain searchable inventory size, which means, in turn, more competition for the seller/real estate professional and thus less traffic per month per listing.
The overall traffic needs to be shared between all competing offers.
So it’s kind of a challenge for the platform to balance the two ways they create value for their two different types of users.
The criteria to determine the best commercial real estate listing website thus are:
- The inventory size (for potential buyers)
- Average monthly traffic per property listing (for sellers/real estate professionals)
Keep in mind that when I discuss the different average monthly traffic per property listing that it is an average.
This doesn’t take into consideration the possibility on some platforms to increase your visibility by getting your listing on the first page when you upgrade your account, for example.
Let’s now get into the different providers there are.
By the way, I only included such platforms where the total inventory size of properties could be identified.
The 15 Commercial Real Estate Listing Websites On the Market
Now that we have established the criteria, let’s analyze 15 different commercial real estate listing websites there are on the market.
For each one, I will give a brief description, determine their inventory size, and the average monthly traffic one listing receives by using a traffic analysis tool.
Spacelist is based in Canada but it is not limited to this country when it comes to operations.
They also have a commercial property inventory in popular cities such as Austin, Chicago, Cincinnati, Houston, Miami, and Tampa.
Popular cities in Canada they cover are Calgary, Toronto, Edmonton, Vancouver, Winnipeg, and Ottawa.
Their entire inventory size is 20,200 commercial properties from different commercial niches, such as retail, light industrial, multi-family, and office space.
The Canadian website receives 114,400 monthly visits and the U.S. website less than 5,000 per month according to similarweb.
As a side note: when similarweb shows “we lack sufficient data”, it usually means that the monthly traffic is below 5,000 visits.
This means a monthly traffic per listing, at least on the Canadian website, of 22.8.
The monthly cost for using the platform is $0 for the basic account, and $39 per user per month for the pro account (source).
Brevitas provides a platform for open, private, and off-market commercial real estate.
Their current inventory size is 80,000 commercial listings, and the monthly traffic is under 5000 visits according to similarweb.
Assuming the best case scenario of 4,999 visits per month, the monthly traffic per listing would be 16.
Brevitas offers a free account, and paid accounts with prices between $35 and $175 per month.
Depending on what you want to pay per month, you can have your listings featured and also get property websites, and email marketing functionality.
You can learn more about Brevitas here.
3) Commercial Cafe
Commercial Cafe is the next commercial property listing platform.
On this platform, you can find all kinds of commercial property listings, but they seem to also have a slight focus on co-working spaces.
According to Commercial café, their inventory comprises 225,000 listings.
According to similarweb, the monthly traffic is 436,480 visits, which makes it roughly 2 monthly visits per listing on average.
You can learn more about the platform here.
4) Quantum Listing
On this commercial real estate listing platform, you can find office, retail, multi-family, industrial, land and medical properties.
Quantum Listing has an inventory size of 27,188 commercial properties.
The monthly traffic according to similarweb is below 5,000 visits.
Assuming the best case scenario of 4,999 monthly visits, this would mean on average a monthly traffic per listing of 5.4 visitors.
If you want to post listings, you will need to buy their premium membership, which costs $89.99 per year.
You can find out more about them here.
LoopNet call themselves a market leader when it comes to commercial real estate listings.
As most of the platforms above, they offer multi-family, retail, industrial, hotel-motel, agricultural, land and residential income properties.
We check this, but LoopNet claims to have 20 times the traffic of their closest competitor with 10 million monthly unique visitors.
They also have an inventory size of 500,000.
Now let’s see what similarweb has to say about the monthly visitors.
And their claim is spot on. According to similarweb, they receive a total of 10,510,000 monthly visitors.
This translates to an average of 21 monthly visits per listing.
When it comes to pricing, LoopNet has different advertising packages.
Prices start at $79 per month with the Silver Package and end with $2,499 per month with the Diamond Package that offers the maximum visibility (source).
You can learn more about LoopNet here.
CREXI is not only a listing platform for commercial real estate but also a transaction management solution.
It was launched in 2016 and offers all types of commercial properties for sale, for lease and for auction.
The total property inventory size is 368,593 and the total amount of monthly visits is 1,350,000.
This translates into an average of 3.6 monthly visits per property listing.
You can list on CREXI for free, but CREXI Pro which offers more visibility is fee-based.
Currently, pricing is not disclosed on their website.
You can learn more about CREXI here.
The Ten-X commercial real estate platform has a stronger focus on end-to-end transactions and promotes property types such as hotel, industrial, self-storage, land, multi-family, retail, office, and special purpose listings.
It is a bit stronger involved in the transactions, because it qualifies and vets all buyers.
They act more like a broker than a platform, since they charge a transaction fee based on the winning buyer’s offer.
Their inventory size is just 150, and the monthly traffic is 501,440 visits.
This means a monthly traffic per listing of 3,342 visitors which is impressive at least from a seller’s perspective.
The low inventory size might not be the best from a buyer’s perspective though.
You can learn more about Ten-X here.
Digsy provides an intelligent (AI-powered) assistant that can search through different property listings and find the commercial property according to the buyer’s needs.
The types of properties include retail spaces, warehouses, and offices.
The platform currently has 13,621 commercial properties for sale, and 30,827 for lease.
This makes a total inventory size of 44,448.
The monthly traffic it receives is 65,550, which makes an average monthly traffic per listing of 1.47.
Currently, Digsy doesn’t charge neither for posting listings nor for searching commercial real estate listings.
9) Commercial Exchange by Catylist
This commercial real estate listing platform promotes again all kinds of different commercial property types.
It has an inventory size of 91,447 and a monthly traffic of 125,090 visitors, which means 1.36 monthly visitors per listing on average.
You can post unlimited listings nationwide for $99/month.
You can find out more about Commercial Exchange here.
10) 42 Floors
On this platform, as a potential buyer, you can find subleases, leases, spaces for sale and co-working spaces nationwide.
The current inventory size of 42 Floors is 100,000, and the monthly traffic according to similarweb is 159,360 visits.
This translates to 1.59 monthly visits per listing.
You can learn more about 42 Floors here.
11) Commercial Broker Association
The Commercial Broker Association is focused on eight counties in Washington and Oregon.
The platform has more than 4,600 members who are mainly brokers.
After checking their search, I found that they have an inventory size consisting of 7616 properties.
According to similarweb, the monthly traffic is 82,530 visits, which makes on average 10.8 monthly visits per property listing.
In order to join the Commercial Broker Association, you need to pay a one-time setup fee of $350, be licensed of course, and then pay a monthly fee of $65 for a single agent.
Pricing depends on the size of your real estate office and the number of agents you want to join (source).
As you can already tell from the name, this commercial real estate listing website or platform is mainly specialized in office spaces.
As a potential buyer or tenant, you can find listings in almost all larger cities of the U.S.
OfficeSpace has an inventory size of 570,000 (source).
The total monthly traffic is 432,090 visits, which means on average less than 1 visit (0.75) per property per month.
You can basically list a commercial property for free but because of the large inventory size, I would go with a featured listing which costs $39.95 per month.
You can learn more about OfficeSpace here.
This is another commercial property listing platform with a strong focus on office space covering 12 major cities in the United States.
At the time of this writing, the current inventory consists of 9,870 commercial properties.
The monthly traffic according to similarweb is 74,050, which translates into 7.5 monthly visitors per property.
Unfortunately, pricing is undisclosed on SquareFoot’s website.
You can learn more about SquareFoot here.
TotalCommercial is one of the older players on the market of commercial real estate listing platforms.
They have been operating since 1995.
The platform’s current inventory size in the U.S. comprises 7633 properties.
According to similarweb, the monthly traffic is less than 5,000 visits.
In the best case scenario of 4,999 visits, this would translate to 0.65 visits per month per property.
To publish your commercial property on this platform you will need to pay $120 per year.
You can learn more about TotalCommercial here.
This article wouldn’t be complete without mentioning Craigslist that also has a commercial real estate section.
The well-known platform has an overall inventory size of 80,000,000 listings in the U.S. (source) and a monthly traffic of 336,130,000 visits.
The inventory only for real estate comprises 1,500,000 listings.
But since it is a large platform for many classifieds from different niches (not only real estate), the total traffic also has to be shared with the total number of classifieds (80,000,000).
This translates into 4.2 monthly visits per property, and you can list there for free.
You can visit Craigslist here.
The Performance Data at a Glance
Below you will find the performance data of each commercial real estate listing website I analyzed.
|Website/Platform||Inventory Size||Monthly Traffic (Visitors)||Monthly Traffic (Visits) per Property Listing||Monthly Costs|
|Commercial Broker Association||7616||82530||10.8||$350 one-time, $65 per month|
|Craigslist (Inventory not only comprises of real estate listings)||80000000||336130000||4.2||$0|
|Commercial Exchange by Catylist||91447||125090||1.36||$99|
Considering the performance data for sellers and real estate professionals, the best commercial real estate listing website is Ten-X with the highest amount of monthly traffic per property listing (3342 visits).
For potential buyers interested in a large inventory, it’s Craigslist, followed by OfficeSpace and LoopNet.
Since this article was about finding out the best commercial real estate listing website, it doesn’t mean that you only have to work with the one I found.
To increase your exposure as a seller or real estate professional, you could use several ones at the same time (for example the best 3) and increase your visibility with an upgrade and getting your listings on the first page.
The latter may allow you to leverage a website with a high amount of monthly traffic, that only has an average or lower amount of monthly traffic per property listing.
This is the case with LoopNet and CREXI.
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