Comments on: Commercial Real Estate Data – Nationally Inconsistent

By: Matt Kossler

Matt Kossler — Fri, 19 Mar 2010 19:23:13 +0000

Speaking of inconsitent data – I don’t know what we pay at our office for “Costar Tenant” but my experience has been that the square footage and lease expiration information is incorrect AT LEAST 50% of the time. Aside from walking buildings to generate leads, has anyone else found any databases that provide this kind of information – more accurately than Costar Tenant?

By: AgentGenius

AgentGenius — Wed, 03 Mar 2010 23:27:04 +0000

#agnow I 100% agree: "nothing can offer insight into the market like a seasoned commercial pro who has combed the a... http://bit.ly/dlstLv

By: AgentGenius

AgentGenius — Wed, 03 Mar 2010 23:13:04 +0000

#agnow There's no denying the services that Loopnet, CoStar and others provide. But nothing can offer insight into... http://bit.ly/dlstLv

By: AgentGenius

AgentGenius — Wed, 03 Mar 2010 22:26:46 +0000

#agnow Thanks for the comment, Expect the above mentioned providers to pounce on your e-mail, to explain their re... http://bit.ly/dlstLv

By: Paul Brockmeyer

Paul Brockmeyer — Wed, 03 Mar 2010 18:27:02 +0000

I 100% agree: “nothing can offer insight into the market like a seasoned commercial pro who has combed the area for years and seen the action from the front lines”.

But that experience doesn’t need to be tied to the source of the data. Having data transparency eliminates a major headache (data collection and verification) and frees up the agents’ time to focus on their strengths: analysis and decision making.

The guidance of a good broker is essential, especially with the added complexities of commercial deals. In a market with great transparency, the only brokers that won’t be necessary are those that can’t provide those services (those that had been previously making commission checks by hoarding data as opposed to providing valuable service).

By: Office Space Chris Hancock

Office Space Chris Hancock — Wed, 03 Mar 2010 18:13:02 +0000

There’s no denying the services that Loopnet, CoStar and others provide. But nothing can offer insight into the market like a seasoned commercial pro who has combed the area for years and seen the action from the front lines. If everything were transparent it would eradicate the need for realtors in general – both commercial and residential.

By: Duke Long

Duke Long — Wed, 03 Mar 2010 17:26:43 +0000

Thanks for the comment,
Expect the above mentioned providers to pounce on your e-mail, to explain their relevance. Again, thanks for the input .

By: tcgibson

tcgibson — Wed, 03 Mar 2010 17:17:25 +0000

As Chris says, with rare exceptions deals don’t get done based on Loopnet, CoStar, or any other listing service. That’s not meant to knock them – it is just reality that the firms that are dominant in their markets focus on maintaining a high quality proprietary database. The most valuable information often can not be shared because of confidentiality – ranging from details about their leases, concessions, renegotiated rent, sales figures, etc.

By: Office Space Chris Hancock

Office Space Chris Hancock — Tue, 02 Mar 2010 20:51:06 +0000

While I agree that sharing information would be helpful to inexperienced brokers – it is the nature of the beast. I am young and when I first started I had no clue on how to get into the door to propose a listing of a multi million dollar downtown office building. But over the course of time, I was able to build an internal database with resources and built in timelines that now allow me to pounce on opportunities as they arise.

In my opinion, the deals don’t get done from knowledge gained on loopnet and costar. Knowledge of your market is created by hunting and gathering the information over time. And after time, that knowledge becomes power.

By: AgentGenius

AgentGenius — Wed, 24 Feb 2010 03:35:39 +0000

#agnow And you position at C0-Star is ???? http://bit.ly/dlstLv