Costar or Loopnet. What do you prefer?
I've done several Commercial BPOs but not enough for me to subscribe to either one on a long term basis. Which website do you prefer? I'm only familiar with Loopnet.
[{"id": "cg0i5cz", "text": "Costar is hands down the better service.  However its subscription fee is exponentially more expensive than loop net.  Check out REIS, I'd say it's a mix of both, however it still has nowhere near the information that costar has.  \n\nThe best search tool for sales comparables is real capital analytics. ", "replies": [{"id": "cg0qbh9", "text": "I'd pretty much have to agree with this.  Costar, for better or worse, reigns supreme but their price reflects that. \n\nWhen our Costar subscription was up for renewal a few months ago we were heavily recruited by REIS. We gave them some serious consideration, especially since they're quite a bit cheaper than Costar, but in the end we renewed with Costar because we like their product more. \n\nI like RCA's market reports but I'm not familiar with their comps service so I can't compare. ", "replies": [], "depth": 2}, {"id": "cg0vd09", "text": "Agreed, CoStar is much better than loopnet. That said though, both are very inaccurate with their transaction data. I'm a commercial appraiser and we essentially treat both services as sources for leads and don't use any data unless it's confirmed with the agent or public record (at a minimum)", "replies": [], "depth": 2}], "depth": 1}, {"id": "cg0r5h1", "text": "CoStar now owns LoopNet, so it contains all of loopnet's information plus all of the subscription data. Let's be honest here though...they are both brutally inaccurate when researching anything other than availabilities.", "replies": [], "depth": 1}, {"id": "cg0v45l", "text": "It's all about the strength of the specific data in your market. In larger markets like NY, LA, DC and Chicago the data is strong. Other tertiary and smaller markets, not so much. The best way to find out is to contact a local rep and ask for specifics on the data they have. ", "replies": [], "depth": 1}, {"id": "cgbkqr3", "text": "The quality/abundance of information on both of these sites really depends on what market you're in.\n\nCoStar is more widely used in large markets. Loopnet is better in small markets. It also depends what type of property you're interested in. Mom and Pops are listed on Loopnet more readily and downtown office space is on Costar for example.\n\nThey are both very unreliable but a good start for your search! Verify everything with a party to the transaction!", "replies": [], "depth": 1}]