Thursday, September 8, 2011

Listing Commercial Real Estate Property For Lease - For FREE

Top Ranked Free Websites For Listing Commercial Real Estate Property Available For Lease:

Websites such as CoStar and Cityfeet provide very rich and informative services to list commercial real estate such as retail property, office buildings, and industrial warehouses, but they cost money to do so.  The following websites provide an opportuny for you to compare websites that place "For Lease" listings for FREE versus the pay-services:


Craigslist

Ranking:
Alexa Traffic Rank: 37
United States Flag Traffic Rank in US: 10
Info: Local classifieds and forums - community moderated, and largely free.
Comments: Craigslist generates more than 20 billion page views each month, but their page views for commercial real estate listings for lease represents just a small fraction of that monthly amount.  Because so many people list on craigslist, listings quickly become outdated and fail to remain on the 1st results page long enough.  Consequently, users need to manually relist their listings often in order to remain visible.  Because, Craigslist prevents users from listing multiple ads in the same categories within 48 hours, it is difficult to have multiple listings up at the same time.  Craigslist also lacks boilerplate templates for users to list their commercial real estate for lease.  Therefore, unless you are okay with having your listings with little to no graphics, novice computer users may have difficulty creating attractive listings.


Backpage

Ranking:
Alexa Traffic Rank: 705
United States Flag Traffic Rank in US: 154
Info: Local classifieds and forums - community moderated, and largely free.
Comments: Very similar in structure to Craigslist.  Because Backpage does not generate as much traffic as Craigslist, you don't get as much exposure listing commercial real estate listings for lease.  However, due to less traffic, your ad remains on the 1st results page longer, and backpage also makes it easier for someone to renew/refresh their commercial real estate ads.

LoopNet

Ranking:
Alexa Traffic Rank: 4,927
United States Flag Traffic Rank in US: 1,067
Info: A leading information services provider to the commercial real estate industry, delivers a comprehensive suite of products and services to meet the national and local needs of commercial real estate firms, organizations and professionals. LoopNet members can list, search, market and research commercial real estate properties over the Internet - reducing their marketing costs, expanding their reach, accelerating the pace of transactions and enhancing their insights on the market.
LoopNet operates the largest and most heavily trafficked commercial real estate listing service online with more than 4 million registered members and 1.5 Million average monthly unique visitors. The LoopNet online marketplace contains more than $450 billion of property available for sale and 6.8 billion square feet of property available for lease. LoopNet's market-leading LoopLink product powers the web sites of more than 1,000 commercial real estate organizations and seamlessly integrates their web sites with LoopNet's listing service at www.LoopNet.com.
Comments: The leading free website that lists commercial properties for sale and lease.  In addition to its Basic membership for free that allows users to view all property listings, and to add your own property listings; Loopnet provides several premium services that can enhance your listings and searches.

OLX

Ranking:
Alexa Traffic Rank: 4,753
United States Flag Traffic Rank in US: 2,655
Info: OLX provides a simple solution to the complications involved in selling, buying, trading, discussing, organizing, and meeting people near you, wherever you may reside.  On OLX you can:
  • Easily design rich colorful ads with pictures and videos
  • Control your selling, buying, and community activity in My OLX
  • Display your ads on your social networking profile (Facebook, Myspace, ...)
  • Access the site from your mobile phone
  • View OLX in your local language
Comments: OLX is similar in structure to Craigslist, but generates just a fraction of Craigslist's user traffic.  However, because OLX is used in over 96 countries in 40 languages, OLX can market your commercial real estate listings to a more international community.


Commercial Investment Multiple Listing Service (CIMLS)


Ranking:
Alexa Traffic Rank: 286,838
United States Flag Traffic Rank in US: 60,792
Info: open online Commercial Real Estate Listing Service, features "For Sale" and "For Lease" commercial properties across the nation
Comments: Website provides a Basic membership for free that allows users to view all property listings, and to add your own property listings.  Website also offers an additional premium service for $20 per month that allows various upgrades such as priority add placement, and additional photos of listings.

BuildingSearch

Ranking:
Alexa Traffic Rank: 353,494
United States Flag Traffic Rank in US: 96,004
Info: Database of commercial properties where searching and adding listings are free.
Comments: Website provides the ability to search for various types of commercial real estate for lease or for sale through a "map view" or spreadsheet.  Although the website offers a nice easy to read format, the traffic count of visitors is low compared to the more established listing services.  However, this website may gain more users through time.

PropertyLine

Ranking:
Alexa Traffic Rank: 399,679
United States Flag Traffic Rank in US: 80,027
Info: Property Line supports the commercial brokerage community by marketing properties, promoting commercial brokerage companies, and offering unparalleled marketing tools to the commercial broker.  List with no premium membership levels and gain access to the latest listings. Upload unlimited attachments such as photos, documents, etc.  Search national availabilities of commercial sale, lease, and comparables properties.
Comments: Although the website offers a nice easy to read format, the traffic count of visitors is low compared to the more established listing services.  However, this website may gain more users through time.

Which Website Provides the Best Commercial Real Estate Listings?

Because each of the above websites offer listings for free, and each can target different demographics, it is hard to determine which is the best.  While some of the websites such as craigslist and loopnet generate a tremendous amount of visitors to their site, it also makes it harder for commercial real estate listings to remain on the 1st results page.  Therefore, requiring constant renewal and refreshing of the ads in order for them to remain more visible.  If you have come across any other free listing services for commercial real estate, please post them a comment below.

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