LoopNet or LoopNot: Brokers Crying Foul Over LoopNet Pricing Increases

LoopNet has decided to raise subscription prices recently and subscribers aren’t too happy about it.
In fact, brokers are so incensed, that a petition has surfaced online at iPetitions.com, asking brokers to sign in protest of what some are calling price gouging. The petition went live on Monday, Oct 6.
According to the post on the iPetitions.com website, LoopNet will be rolling out the following pricing structure:
 

PREMIUM LISTING(S)

COST PER MONTH

1

$69.95

UP TO 4

$139.95

UP TO 10

$299.95

UP TO 25

$625.00

UP TO 50

$1,200.00

UP TO 100

$2,300.00

UP TO 150

$3,300.00

 
According to sources, these new prices will take effect upon annual renewal and there is  negotiation. Sources also stated that LoopNet will also be charging $169 per month per company associate for premium search capabilities, which will not provide access to search non-premium listings.
Some of the comments already posted on the iPetition site include:
 

As a pioneer instructor who taught a supplemental class on Loopnet in the early days, I feel they have out priced their value.”

Who would pay this? We seldom sell buildings through loopnet.”

Extremely disappointing and quite a slap in the face to those who help keep them in business.”

Disservice to the real estate market.”

The Florida Gulfcoast Commercial Association of Realtors (FGCAR) will be hosting  a town hall meeting for members, to listen to brokers concerns and get a consensus on how to react.
LoopNet was founded in 1995 by Dennis DeAndre. It rapidly acquired a user-base and underwent several rounds of private Venture Capital financing. The company then acquired a competitor, Southern California-based PropertyFirst.com, in early 2001.
In April 2011, CoStar Group, Inc. announced an agreement to acquire LoopNet for about $860 million in cash and stock.The acquisition was finalized on April 30, 2012.
LoopNet originally offered the bulk of its services at no cost until it built its viewer base. Then it became a subscriber-based site with subscription prices increasing over and over while free content and services decreased repeatedly. This trend only increased with the CoStar acquisition, such that, as of June, 2014, a 24-hour premium search subscription costs $82.95.
LoopNet claims to be “the leading provider of commercial MLS services, marketing and technology, with over 5 million monthly unique visitors.”
That being said, we’d like to hear from you.  

Where do you stand?  

Worth The Price or Overpriced?  

Let us know by leaving a comment below.

 

(And, if you are strongly opposed to LoopNet‘s new pricing structure,
you can sign the petition by CLICKING HERE)

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103 replies
  1. Jill carbonelli says:

    I’m going with the OVERPRICED. We need to remember, it is our information that drives their site. Without the cooperation of the brokerage community Loopnet is Loopnothing.

  2. Jill carbonelli says:

    I’m going with the OVERPRICED. We need to remember, it is our information that drives their site. Without the cooperation of the brokerage community Loopnet is Loopnothing.

  3. Renee Dyer, CCIM, ALC says:

    Debbie, well said. It is my hope that the brokerage community bans together and removes their data from Loopnet. In the beginning Loopnet was great. They were very broker friendly. I can’t imagine who in their right mind would pay the “extortion” prices that Loopnet is now demanding. Makes me want to take my ball and find another game… Xceligent seems intriguing! Also http://www.space-shifters.com is a great place to put your industrial properties. #loopnot!!!!

  4. Renee Dyer, CCIM, ALC says:

    Debbie, well said. It is my hope that the brokerage community bans together and removes their data from Loopnet. In the beginning Loopnet was great. They were very broker friendly. I can’t imagine who in their right mind would pay the “extortion” prices that Loopnet is now demanding. Makes me want to take my ball and find another game… Xceligent seems intriguing! Also http://www.space-shifters.com is a great place to put your industrial properties. #loopnot!!!!

  5. Steve Hyatt says:

    I was frankly very surprised that the FTC ( per Hart- Scott- Rodino Act ) approved the purchase of Loop Net by CoStar because of the anti-competitive nature of the combined businesses and the creation of a monopoly in the real estate information sector. Once they approved it, I figured it was only a matter of time before they started in with the price increases and extra a la carte charges. Hopefully a new competitor will emerge. CoStar has also been steadily jacking up their rates every year as well. Hope this petition goes somewhere.

  6. Steve Hyatt says:

    I was frankly very surprised that the FTC ( per Hart- Scott- Rodino Act ) approved the purchase of Loop Net by CoStar because of the anti-competitive nature of the combined businesses and the creation of a monopoly in the real estate information sector. Once they approved it, I figured it was only a matter of time before they started in with the price increases and extra a la carte charges. Hopefully a new competitor will emerge. CoStar has also been steadily jacking up their rates every year as well. Hope this petition goes somewhere.

  7. Rick Narkiewicz says:

    Space Shifter is empowering brokers and landlords to harness the power of the internet to drive traffic to our listings. There is a lot going on behind the scenes with those guys. I think you will be impressed what these freedom fighters are up to. Go give them a high-five and take a look. Their sale comps are accurate and free!
    http://www.space-shifter.com

  8. Rick Narkiewicz says:

    Space Shifter is empowering brokers and landlords to harness the power of the internet to drive traffic to our listings. There is a lot going on behind the scenes with those guys. I think you will be impressed what these freedom fighters are up to. Go give them a high-five and take a look. Their sale comps are accurate and free!

    http://www.space-shifter.com

  9. kristy says:

    I’m so glad you brought this topic up, we need to speak out further. Loopnet is trying to push the brokers off their site to search and onto Costar to make brokers buy both products. They only want brokers on the site to list the properties and they claim all the listings are the same on both costar and loopnet and they are not. I look forward to seeing a new team in town.

  10. kristy says:

    I’m so glad you brought this topic up, we need to speak out further. Loopnet is trying to push the brokers off their site to search and onto Costar to make brokers buy both products. They only want brokers on the site to list the properties and they claim all the listings are the same on both costar and loopnet and they are not. I look forward to seeing a new team in town.

  11. Robb Sercu says:

    They have lost their focus on customer service. This is clearly not providing quality services at a reasonable price to their clients. We cannot continue to support their opportunity to use our information to sell back to us at unreasonable prices. The good news is they are giving the competitors an open door to invite us in and help create a better platform. LoopNOT.

  12. Robb Sercu says:

    They have lost their focus on customer service. This is clearly not providing quality services at a reasonable price to their clients. We cannot continue to support their opportunity to use our information to sell back to us at unreasonable prices. The good news is they are giving the competitors an open door to invite us in and help create a better platform. LoopNOT.

  13. Dewey Mitchell, CCIM says:

    It is my hope that we can join together and work towards prosperity rather than being held hostage by any vendor.

  14. Dewey Mitchell, CCIM says:

    It is my hope that we can join together and work towards prosperity rather than being held hostage by any vendor.

  15. Tony Marchetti, CCIM says:

    I’m not currently in Florida, but this company and CoStar is swiftly approaching a crossroads. They can either change the way they do business or suffer the consequences. There is a much better way to do what these companies are doing and believe it or not, a competitor is already here! It’s just a matter of time so get ready people. You will have better options coming your way sooner than you realize. My colleagues and I have been discussing a better way for the past three years and our groundwork will not be in vain! The CEO is a vainglorious and egotistical jackass that doesn’t get the importance of human capital, project management, and how efficient operational management should work. After speak at length with LoopNet and CoStar employees, we know what needs to be done! The end is nigh!

  16. Tony Marchetti, CCIM says:

    I’m not currently in Florida, but this company and CoStar is swiftly approaching a crossroads. They can either change the way they do business or suffer the consequences. There is a much better way to do what these companies are doing and believe it or not, a competitor is already here! It’s just a matter of time so get ready people. You will have better options coming your way sooner than you realize. My colleagues and I have been discussing a better way for the past three years and our groundwork will not be in vain! The CEO is a vainglorious and egotistical jackass that doesn’t get the importance of human capital, project management, and how efficient operational management should work. After speak at length with LoopNet and CoStar employees, we know what needs to be done! The end is nigh!

  17. Jeff Robinson says:

    I’m certainly not thrilled about paying more to market my properties but how is everyone handling their owners? I may just have savvy clients but there is no way they will list with me if I’m not marketing their properties on Loopnet. All they have to do is go online to check up on my efforts and they will know it’s not up. Thoughts on combating that?

  18. Jeff Robinson says:

    I’m certainly not thrilled about paying more to market my properties but how is everyone handling their owners? I may just have savvy clients but there is no way they will list with me if I’m not marketing their properties on Loopnet. All they have to do is go online to check up on my efforts and they will know it’s not up. Thoughts on combating that?

  19. Rick Orr says:

    TotalCommercial offers unlimited listing entry for a whole year for less than cost of one Premium listing on LoopNet for one month.
    Cost is $60.00/year/agent – unlimited listings, unlimited photos and attachments per listing. We also offer a free link to display your (company of individual) listings on your website at no charge.
    Rick Orr, President
    http://totalcommercial.com/
    (407) 435-2004

  20. Rick Orr says:

    TotalCommercial offers unlimited listing entry for a whole year for less than cost of one Premium listing on LoopNet for one month.

    Cost is $60.00/year/agent – unlimited listings, unlimited photos and attachments per listing. We also offer a free link to display your (company of individual) listings on your website at no charge.

    Rick Orr, President
    http://totalcommercial.com/
    (407) 435-2004

  21. Lowell Peabody says:

    It is indeed our information that drives their site, but it is their site where prospects can find information (in theory at least) Brokers pay for advertising, site signs, brochures, fliers, mailings, (still?) all to be in front of prospects/suspects and get leads. How is Loopnet different? Loopnet is advertising and a place for property visibility in the market. They are not in business to be a CRE charity. Loopnet was founded to make money like any number of us in starting and running a business. I don’t like the price increase either, but until there is a viable alternative/competition, Loopnet is a cost of doing business and our protests are just “whistling in the wind”. IMHO

  22. Lowell Peabody says:

    It is indeed our information that drives their site, but it is their site where prospects can find information (in theory at least) Brokers pay for advertising, site signs, brochures, fliers, mailings, (still?) all to be in front of prospects/suspects and get leads. How is Loopnet different? Loopnet is advertising and a place for property visibility in the market. They are not in business to be a CRE charity. Loopnet was founded to make money like any number of us in starting and running a business. I don’t like the price increase either, but until there is a viable alternative/competition, Loopnet is a cost of doing business and our protests are just “whistling in the wind”. IMHO

  23. Matt Chapdelaine says:

    Well you can stop bitching – http://www.CommercialConnected.com was built by CRE brokers and technology pros to give CRE professionals a better platform to market their listings & connect with users on the other side of the transaction. Our prices can’t be beat (totally free) & we have no tiered memberships. Don’t see what you’re looking for today? Our matching feature helps you find off market opportunities and get connected with new opportunities instantly as they hit the market. We continue to grow, for now learn more on our Youtube channel http://youtu.be/JuSFnbi5xy8

  24. Matt Chapdelaine says:

    Well you can stop bitching – http://www.CommercialConnected.com was built by CRE brokers and technology pros to give CRE professionals a better platform to market their listings & connect with users on the other side of the transaction. Our prices can’t be beat (totally free) & we have no tiered memberships. Don’t see what you’re looking for today? Our matching feature helps you find off market opportunities and get connected with new opportunities instantly as they hit the market. We continue to grow, for now learn more on our Youtube channel http://youtu.be/JuSFnbi5xy8

  25. Demetrios Louziotis says:

    There is a new team providing an alternative, RealNex ( http://www.pavonisgroup.com/RealNex).
    RealNex is dedicated to partnering with the industry to help people work more efficiently and effectively. Our motto is Overwhelming Value for Price. RealNex offers an integrated solution consisting of property listings, CRM, leasing management, analytical tools and marketing document generation for $85 per month. We welcome the opportunity to speak with you.

  26. Demetrios Louziotis says:

    There is a new team providing an alternative, RealNex ( http://www.pavonisgroup.com/RealNex).

    RealNex is dedicated to partnering with the industry to help people work more efficiently and effectively. Our motto is Overwhelming Value for Price. RealNex offers an integrated solution consisting of property listings, CRM, leasing management, analytical tools and marketing document generation for $85 per month. We welcome the opportunity to speak with you.

  27. Demetrios Louziotis says:

    There is a new team ready to provide the alternative, RealNex ( http://www.pavonisgroup.com/RealNex).
    RealNex is dedicated to partnering with the industry to help people work more efficiently and effectively. Our motto is Overwhelming Value for Price. RealNex offers an integrated solution consisting of property listings, CRM, leasing management, analytical tools and marketing document generation for $85 per month. We welcome the opportunity to speak with you.

  28. Demetrios Louziotis says:

    There is a new team ready to provide the alternative, RealNex ( http://www.pavonisgroup.com/RealNex).

    RealNex is dedicated to partnering with the industry to help people work more efficiently and effectively. Our motto is Overwhelming Value for Price. RealNex offers an integrated solution consisting of property listings, CRM, leasing management, analytical tools and marketing document generation for $85 per month. We welcome the opportunity to speak with you.

  29. Matthew Smith says:

    There is a new team ready to provide the alternative, RealNex ( http://www.pavonisgroup.com/RealNex).
    RealNex is dedicated to partnering with the industry to help people work more efficiently and effectively. Our motto is Overwhelming Value for Price. RealNex offers an integrated solution consisting of property listings, CRM, leasing management, analytical tools and marketing document generation for $85 per month. We welcome the opportunity to speak with you.COntact me direct msmith@realnex.com or 858-458-1063

  30. Matthew Smith says:

    There is a new team ready to provide the alternative, RealNex ( http://www.pavonisgroup.com/RealNex).
    RealNex is dedicated to partnering with the industry to help people work more efficiently and effectively. Our motto is Overwhelming Value for Price. RealNex offers an integrated solution consisting of property listings, CRM, leasing management, analytical tools and marketing document generation for $85 per month. We welcome the opportunity to speak with you.COntact me direct msmith@realnex.com or 858-458-1063

  31. Uwe Siegert says:

    Jeff,
    normally should be a period of transition in this case.
    Use of both, the overpriced and the other fair priced competitors, in same time and if you have owners who have no matter how you market the properties then use the fair priced only.
    Otherwise if an huge number of brokers and agents leave the overpriced company at a time your owners don’t want to list with an company who become irrelevant.

  32. Uwe Siegert says:

    Jeff,
    normally should be a period of transition in this case.
    Use of both, the overpriced and the other fair priced competitors, in same time and if you have owners who have no matter how you market the properties then use the fair priced only.
    Otherwise if an huge number of brokers and agents leave the overpriced company at a time your owners don’t want to list with an company who become irrelevant.

  33. Uwe Siegert says:

    Hmm, five ads by RealNex, one by commercialconnected, one by totalcommercial and may be two by spaceshifters in these comments.
    I should do the same for our company but I leave it undone. There other places to do that. Time will tell and the topic is grievous. An complete branch is quasi be held hostage by one company- simply unbelievable.
    There is an quotation from Albert Einstein who said:
    “The world will not be destroyed by those who do evil, but by those who watch them without doing anything.”
    Now adapt this to your dilemma.

  34. Uwe Siegert says:

    Hmm, five ads by RealNex, one by commercialconnected, one by totalcommercial and may be two by spaceshifters in these comments.
    I should do the same for our company but I leave it undone. There other places to do that. Time will tell and the topic is grievous. An complete branch is quasi be held hostage by one company- simply unbelievable.

    There is an quotation from Albert Einstein who said:
    “The world will not be destroyed by those who do evil, but by those who watch them without doing anything.”
    Now adapt this to your dilemma.

  35. Kent Cooper CCIM says:

    Very dissatisfied with what LoopNet is doing. They continue to raise prices. We will have no alternative but to leave LoopNet in pursuant of another quality listing website. Too bad they are getting so greedy. Much of their information in Co-Star is just plain wrong.

  36. Kent Cooper CCIM says:

    Very dissatisfied with what LoopNet is doing. They continue to raise prices. We will have no alternative but to leave LoopNet in pursuant of another quality listing website. Too bad they are getting so greedy. Much of their information in Co-Star is just plain wrong.

  37. Uwe Siegert says:

    Just try http://www.spotcre.com simultaneous as alternative together with the other emerging start-up’s in CRE technology. You have nothing to lose we think.
    If you use other listing providers too so they can gain attention in the market. This creates perfect competition to the old-school company’s and real alternatives.

  38. Uwe Siegert says:

    Just try http://www.spotcre.com simultaneous as alternative together with the other emerging start-up’s in CRE technology. You have nothing to lose we think.
    If you use other listing providers too so they can gain attention in the market. This creates perfect competition to the old-school company’s and real alternatives.

  39. Paul Forsberg says:

    Loopnet is priced high enough already – what happens when a company gets a monopolistic hold on something – they get GREEDY.
    Guess it creates a perfect opportunity for Total Commercial or another to rise to the occasion – I for one will drop Loopnet like a stone.

  40. Paul Forsberg says:

    Loopnet is priced high enough already – what happens when a company gets a monopolistic hold on something – they get GREEDY.

    Guess it creates a perfect opportunity for Total Commercial or another to rise to the occasion – I for one will drop Loopnet like a stone.

  41. Andrew Bermudez says:

    I do agree with the comments. But, Loopnet is here to stay as long as they provide a service that creates value for the users who are willing to pay for their services. However, there are several providers that are still free for users.
    I actually blogged about this topic and went into a more detailed information and what you are actually able to do with the different alternatives. You can read more about on the link below:
    http://www.getdigsy.com/blog/commercial-real-estate/7-free-loopnet-alternatives-to-find-commercial-real-estate/

  42. Andrew Bermudez says:

    I do agree with the comments. But, Loopnet is here to stay as long as they provide a service that creates value for the users who are willing to pay for their services. However, there are several providers that are still free for users.

    I actually blogged about this topic and went into a more detailed information and what you are actually able to do with the different alternatives. You can read more about on the link below:

    http://www.getdigsy.com/blog/commercial-real-estate/7-free-loopnet-alternatives-to-find-commercial-real-estate/

  43. Ken Ray says:

    Commercial real estate is one of the most sought after industries for investing.
    So why charge investors, tenants and brokers a fee to search available properties?
    I have been a user of many commercial real estate marketplaces for almost ten years paying from $200-$400 per month. Exorbitant access fees to commercial data have become the norm, because you haven’t had a choice.
    Why isn’t there one platform to search all available inventory like the many we have available for residential properties. There are some 800,000–1,000,000 commercial listings in the United States at any given time. It is a fragmented marketplace-every region has its own MLS, and a very substantial number of properties never make it onto the MLS. This means that other online real estate listing services, such as Craigslist, Loopnet, and CoStar, have differing inventory, which all leads to a poor user experience when searching for a commercial property to purchase and lease.
    Ultimately, Vestvox’s goal is to connect investors and tenants looking to purchase or lease with real estate agents, mortgage lenders, and advertisers who want to reach them in a more transparent and accessible manner. This manner draws from its crowd sourced platform, which allows for users to upload and update data directly to the database. As a result, Vestvox is able to leverage the knowledge and power of its users to aggregate more powerful property data, which will compound over time.
    vestvox.com recently launched it’s Miami Beta version and has had tremendous positive feedback. Over 1600 property listings added just in the Miami market alone. The best part is our customer have given us validation and are directing us on what new features they want. Full Florida launch next up followed by National.

  44. Ken Ray says:

    Commercial real estate is one of the most sought after industries for investing.
    So why charge investors, tenants and brokers a fee to search available properties?

    I have been a user of many commercial real estate marketplaces for almost ten years paying from $200-$400 per month. Exorbitant access fees to commercial data have become the norm, because you haven’t had a choice.

    Why isn’t there one platform to search all available inventory like the many we have available for residential properties. There are some 800,000–1,000,000 commercial listings in the United States at any given time. It is a fragmented marketplace-every region has its own MLS, and a very substantial number of properties never make it onto the MLS. This means that other online real estate listing services, such as Craigslist, Loopnet, and CoStar, have differing inventory, which all leads to a poor user experience when searching for a commercial property to purchase and lease.
    Ultimately, Vestvox’s goal is to connect investors and tenants looking to purchase or lease with real estate agents, mortgage lenders, and advertisers who want to reach them in a more transparent and accessible manner. This manner draws from its crowd sourced platform, which allows for users to upload and update data directly to the database. As a result, Vestvox is able to leverage the knowledge and power of its users to aggregate more powerful property data, which will compound over time.

    vestvox.com recently launched it’s Miami Beta version and has had tremendous positive feedback. Over 1600 property listings added just in the Miami market alone. The best part is our customer have given us validation and are directing us on what new features they want. Full Florida launch next up followed by National.

  45. STEVE GAGE says:

    There is a huge market just waiting for a decent replacement to Loopnet.
    Their attitude and service gets worse by the day. If you have a better site, please email me.

  46. STEVE GAGE says:

    There is a huge market just waiting for a decent replacement to Loopnet.

    Their attitude and service gets worse by the day. If you have a better site, please email me.

  47. Clay Wick says:

    No, your clients aren’t special! I have the same deal. Costar wants $250 per month for a basic service on top of what I pay Loopnet for their premium service. My monthly cost with Looopnet is right at $200, so they more than doubled the cost. I’m looking for an alternative to Costar?

  48. Clay Wick says:

    No, your clients aren’t special! I have the same deal. Costar wants $250 per month for a basic service on top of what I pay Loopnet for their premium service. My monthly cost with Looopnet is right at $200, so they more than doubled the cost. I’m looking for an alternative to Costar?

  49. Roger Fortun says:

    I’m an owner looking to list and considering loopnet even at the cost. you guys complain about a $250. expense vs the tens of thousands in broker fees you earn selling commercial property?
    Big question is do they do the job?

  50. Roger Fortun says:

    I’m an owner looking to list and considering loopnet even at the cost. you guys complain about a $250. expense vs the tens of thousands in broker fees you earn selling commercial property?
    Big question is do they do the job?

  51. John H Foster says:

    CoStar / Loopnet quality will of course be be diminished. One day, business schools will use this as an example of corporate greed and corporate foolishness leading to increased competition and the eventual elimination of the once prominent brand leader.

  52. John H Foster says:

    CoStar / Loopnet quality will of course be be diminished. One day, business schools will use this as an example of corporate greed and corporate foolishness leading to increased competition and the eventual elimination of the once prominent brand leader.

  53. Jim says:

    Coming from the perspective of a property owner and not a broker…. I am never happy paying more for a service but securing one lease through the LoopNet marketing engine pays for the service for the year. In my market, there are many savvy end users comfortable using LoopNet to secure their commercial property needs. Until something drastic changes in the business, LoopNet (CoStar) remains the most viable marketing tool that I have. I would say about half my deals are directly with the end user while the other half are generated by my broker network.

  54. Jim says:

    Coming from the perspective of a property owner and not a broker…. I am never happy paying more for a service but securing one lease through the LoopNet marketing engine pays for the service for the year. In my market, there are many savvy end users comfortable using LoopNet to secure their commercial property needs. Until something drastic changes in the business, LoopNet (CoStar) remains the most viable marketing tool that I have. I would say about half my deals are directly with the end user while the other half are generated by my broker network.

  55. Joe Stevens says:

    Hilarious and uneducated I see. If anyone honestly believes that another network can compete with CoStar and LoopNet, you might as well close your doors now. There are already 200 different commercial marketing sites yet brokers keep making up new ones as if they are going to make a difference. You know why LoopNet raised rates? Because it works and if you as a user have been trained and understand the technology and the best practices of how to get the most from the site, your ROI could easily be tripled, no matter how much you spend. Meanwhile the broker Community wants to pay pennies for something which will generate them a 6-7 figure income. Every one of you should do yourself a favor and call your local news paper and find out how much 1 add in the Sunday paper costs? Lowest I’ve seen is $189 for 1 day… meanwhile 1 Ad in LoopNet for 30 days is $69 MAX…. talk about greed!!! Best part is while you are busy sticking a sign in the ground only to target local drivers, my listing is visible nationwide on LoopNet, CityFeet, Showcase and CoStar and for $69/ month…. don’t act like you don’t spend more on coffee each month. Shouldn’t be in the business if you can’t afford to properly manage your listings and represent a client the best way possible and owners know it.

  56. Joe Stevens says:

    Hilarious and uneducated I see. If anyone honestly believes that another network can compete with CoStar and LoopNet, you might as well close your doors now. There are already 200 different commercial marketing sites yet brokers keep making up new ones as if they are going to make a difference. You know why LoopNet raised rates? Because it works and if you as a user have been trained and understand the technology and the best practices of how to get the most from the site, your ROI could easily be tripled, no matter how much you spend. Meanwhile the broker Community wants to pay pennies for something which will generate them a 6-7 figure income. Every one of you should do yourself a favor and call your local news paper and find out how much 1 add in the Sunday paper costs? Lowest I’ve seen is $189 for 1 day… meanwhile 1 Ad in LoopNet for 30 days is $69 MAX…. talk about greed!!! Best part is while you are busy sticking a sign in the ground only to target local drivers, my listing is visible nationwide on LoopNet, CityFeet, Showcase and CoStar and for $69/ month…. don’t act like you don’t spend more on coffee each month. Shouldn’t be in the business if you can’t afford to properly manage your listings and represent a client the best way possible and owners know it.

  57. Mike Horne says:

    I echo Kent’s sentiments, if they could just get the information correct it would be worthwhile, Costar has made a mess of the information on Loopnet. There are so many inaccuracies and what makes it even more madding is when they call for “updates” they still screw it up. My assistant has to spend time weekly correcting their errors. Escalating prices and lousy service = awful subscriber experience

  58. Mike Horne says:

    I echo Kent’s sentiments, if they could just get the information correct it would be worthwhile, Costar has made a mess of the information on Loopnet. There are so many inaccuracies and what makes it even more madding is when they call for “updates” they still screw it up. My assistant has to spend time weekly correcting their errors. Escalating prices and lousy service = awful subscriber experience

  59. Tony Krause says:

    I as a commercial investor will not list with a broker who does not use loopnet. Brokers might think they control the game but owners will list on loopnet themselves and pay legal fees instead of huge commisions.
    Watch out what you ask for
    You just might get it.

  60. Tony Krause says:

    I as a commercial investor will not list with a broker who does not use loopnet. Brokers might think they control the game but owners will list on loopnet themselves and pay legal fees instead of huge commisions.
    Watch out what you ask for
    You just might get it.

  61. Bob Folio says:

    Why do brokers support a listing service that allows non-licenced owners to list property. I just had a deal stolen from a non-broker owner listed on Loopnet because he’s connected at the Country Club level with my client. Hey, why pay Realtor commissions if you don’t have to right? Time for a mutiny?

  62. Bob Folio says:

    Why do brokers support a listing service that allows non-licenced owners to list property. I just had a deal stolen from a non-broker owner listed on Loopnet because he’s connected at the Country Club level with my client. Hey, why pay Realtor commissions if you don’t have to right? Time for a mutiny?

  63. Robert B. McArtor says:

    Why not list on your local MLS Commercial section? Our local MLS sells out their feed to tons of companies that will pull my Sellers data to their sites and drive online traffic back to my listing. I already pay for it through MLS fees. It has worked for my Commercial properties. Stop thinking that this is the ONLY site for your property. You would be surprised.

  64. Robert B. McArtor says:

    Why not list on your local MLS Commercial section? Our local MLS sells out their feed to tons of companies that will pull my Sellers data to their sites and drive online traffic back to my listing. I already pay for it through MLS fees. It has worked for my Commercial properties. Stop thinking that this is the ONLY site for your property. You would be surprised.

  65. Mercedes E Santana says:

    Way too expensive. I left CoStar because my monthly cost became prohibitive and now that CoStar owns Loopnet they have become ridiculously expensive when it is our listings that increase their database.

  66. Mercedes E Santana says:

    Way too expensive. I left CoStar because my monthly cost became prohibitive and now that CoStar owns Loopnet they have become ridiculously expensive when it is our listings that increase their database.

  67. Helen Luna Fess says:

    Bring it on. Open competition is what makes capitalism work . Competition draws consumers. Since consumers vote with their feet and they leave a bad players who gouges and deliver poor quality .
    Yep , competition encourages people with fresh new ideas to break into an established market . That characteristic of capitalism with the beneficial effect of baked in laws disallowing unfair practices are part of what make it better people fir consumers
    do not fear fair competition.

  68. Helen Luna Fess says:

    Bring it on. Open competition is what makes capitalism work . Competition draws consumers. Since consumers vote with their feet and they leave a bad players who gouges and deliver poor quality .

    Yep , competition encourages people with fresh new ideas to break into an established market . That characteristic of capitalism with the beneficial effect of baked in laws disallowing unfair practices are part of what make it better people fir consumers

    do not fear fair competition.

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