Question on MLS / Listing data on Commercial Properties
Do the MLS' track when the property becomes available and when it's off market? I am interested in data on time a property is in the market for, duration to lease, effective rent etc.
[{"id": "g2atfnx", "text": "The vast majority of commercial listings are not on the MLS, at least in my market. I would suggest a subscription to CoStar. They\u2019ll have most of the info you\u2019re looking for.", "replies": [], "depth": 1}, {"id": "g2av0fb", "text": "Absolutely. However, most are sold through Costar.   Many commercial realtors do not even have local realtor association membership thus are untitled to list through mls.", "replies": [], "depth": 1}, {"id": "g2bju9o", "text": "The MLS is primarily used for residential real estate, it typically doesn't carry a ton of commercial properties. I know of an older gentleman that owned and self managed commercial for 30+ years, he didn't get MLS access except for one year when he tried it out, said it wasn't worth it and gave it up. He used costar/loopnet pretty much exclusively.", "replies": [], "depth": 1}, {"id": "g2bzx6f", "text": "https://www.cleveroad.com/blog/real-estate-apis", "replies": [], "depth": 1}]