What do brokers expect to get from CRE marketplaces like LoopNet, CREXi, etc?
Apart from boosting property sales, and expanding client database, what else brokers expect from marketplaces like LoopNet, Redfin, Zillow, CREXi?  


Thanks
[{"id": "iwuo7wy", "text": "Personally, I use Crexi solely for advertising. Loopnet is really just the free version of Costar and I use Costar for everything. Marketing, researching listings, demographics or tenants etc. RF and Zillow and any other residential listing service I don\u2019t even touch because they do not post anything I work with since I am only a commercial agent (I do have MLS access if needed). \n\nHope this helps!", "replies": [{"id": "iwwqyvr", "text": "How is loopnet \u201cfree advertising\u201d for you? It\u2019s insanely expensive even for the silver listings for me with a good costar deal.", "replies": [{"id": "iwx5z9d", "text": "\"Loopnet is really just the free version of Costar\" I use loopnet by using costar. I never said it was free advertising.", "replies": [], "depth": 3}], "depth": 2}, {"id": "ixcgt7u", "text": "thanks a lot))", "replies": [], "depth": 2}], "depth": 1}, {"id": "iwutu6v", "text": "I think you answered your own question - boosting property sales. I see it as a way to get to the buyers who are not the \"usual suspects\".\nHaving said that, there are so so many useless tire kickers that come from those sites it is mostly an annoyance.\nSide Note: I often get very strange, I assume spam, from Crexi. People saying stuff like I just moved here and want to buy this property all cash. Or I liquidated my IRA and will buy this property.  At least I hope they are spam and not serious. They never amount to anything.", "replies": [{"id": "iwyg7q6", "text": "Who are your \u201cusual suspects\u201d? Do you have a portfolio of principals that you mainly take your deals to?", "replies": [{"id": "ix0ukrv", "text": "Yes. The people who have bought in the area in the last year or two. Also,  neighbors who would be more likely to buy.", "replies": [{"id": "ix0vst4", "text": "Thank you for your reply! Just curious, would you say you\u2019re in a larger or smaller market relative to most brokers? Just trying to see if this is a typical experience", "replies": [{"id": "ix11mvn", "text": "I'm in Northern NJ outside of NYC. Urban market so there is plenty of buildings and density.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iwuxbwn", "text": "I asked a CRE broker friend this question two weeks ago.  Here's what he told me:\n\nThe marketplaces are marketing for brokers because:\n\na) they help new buyers in the area to see which brokers are active and busy\n\nb) they help brokers see each other in the same way\n\nThere's also the idea that buyers looking for \"deals with warts on them\" will reach out.", "replies": [{"id": "iwvqmrr", "text": "I look at crexi deals for personal purchase. I dont have the capital to look at the deals my team does $25m+ and I can't compete with my employer anyhow.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iwvkjr6", "text": "Using LoopNet, and increasingly Crexi, is a must for commercial leasing in my market. Whether you are listing a space for landlord or looking for space for a tenant, you have to start with the online listings. They are a pain though - lots of useless leads when you list a space and lots of spaces that aren't updated or actually available or have inaccurate info. Lots of garbage to weed through.", "replies": [], "depth": 1}, {"id": "iwwxw2j", "text": "CoStar has data and lets you know who is serious enough to pay through the goddamn nose for access. Crexi and Loopnet are good for finding unrepped buyers/tenants. Redfin and Zillow don't aggregate commerical listings, so they're useless.\n\nYou didn't ask, but I also use Catalyst. It's shit, but has slightly different data sources than CoStar so it can be useful sometimes.", "replies": [], "depth": 1}, {"id": "iwxp5mx", "text": "I work in multifamily sales and our team got the best leads through Costar/Loopnet. We just discontinued our subscription with Crexi because it mostly provided us with unqualified investors and/or small mom &amp; pop leads. It all depends on your product specialty and target market.", "replies": [], "depth": 1}, {"id": "ixelg51", "text": "As a retail leasing broker, I expect (but am disappointed) with 3rd party datasets' contribution to market knowledge.  These products, or perhaps something yet to be developed should operate as an exchange of information with blended data ownership rather than a subscription model where the broker inputs data for the primary benefit of the database product owner. - Further, I think you'll find the expectations of data differ greatly from Capital Markets, Office Tenant Rep, Retail and Industrial.", "replies": [], "depth": 1}]