Website for commercial spaces for sale
Started by AS23
almost 8 years ago
Posts: 0
Member since: Jan 2018
Discussion about
Hi, Does anyone know a good website for commercial space for sale in Manhattan that is NOT an insult to ones intelligence...? I'm looking to buy a medical office and there aren't any current websites that are dedicated for commercial spaces. The one's that do have some commercial listings are clearly not designed to help one search for a commercial space, but are nothing but a tricky way to advertise RE agents and get your personal information and email.
Try loop net, CBRE, Massey Knakal etc. First one is aggregate.
CoStar (paid membership), Loopnet, Falkon, Agorify, and of course the sites for all the commercial real estate firms. All of these are designed for commercial real estate
I would think you would need CoStar, but as I understand it it's expensive (and this is coming from someone who pays hundreds a month for residential data). Loopnet is a possibility but it's much less robust.
ali r.
Loopnet is now owned by costar. Costar has very advanced analytics by building but for listings loopnet is a good start.
Uptown specialist, I did not know about Falkon and Agorafy. Thank you.
Your welcome. I really only work the residential market, but I occassionally get requests for small multi-family townhouses or mixed use with a few residences- and some of these properties fall into the realm of commercial brokerage rather than residential. I imagine someone with a commercial brokerage background can probably suggest other sites as well.
Costar is more for leasing, or so I've heard. Loopnet is more for sales. Same company.
Commercial land is a wild west, very similar to the resi rental market surprisingly. 99% of listings do not actually have exclusive agreements, just a verbal or handshake understanding. As a result, you'll often see 5 different brokers listing a property!
Commercial is tricky. Loopnet is usually lagging in up to date info. You'll find properties for sale that closed 10 months ago or no longer on the market. Also properties that have been on the market 6 months but havent made it to loopnet.
Biggest issue with commercial properties is not being as "open source" as residential.
Meaning, a lot of pocket listings.
As it is a much more specialized and lower customer base market to residential, many dont want properties sitting out in the market months at a time. It makes people think something's wrong with it.
And as your specific to medical offices, your probably better off seeking a specialty broker.
Dear AS23 I have two listings at 895 Park Avenue Unit 1A and 1B. They are both listed on Loopnet. You can find them at Kathleen Lamb elliman.com as well. Many of the commercial spaces while in Residential Buildings will not show up on Streeteasy. Let me know if I can help you. kathleen.lamb@eliman.com