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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.
Response by 300_mercer
almost 8 years ago
Posts: 10567
Member since: Feb 2007

Try loop net, CBRE, Massey Knakal etc. First one is aggregate.

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Response by UptownSpecialist
almost 8 years ago
Posts: 139
Member since: May 2013

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

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Response by front_porch
almost 8 years ago
Posts: 5316
Member since: Mar 2008

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.

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Response by 300_mercer
almost 8 years ago
Posts: 10567
Member since: Feb 2007

Loopnet is now owned by costar. Costar has very advanced analytics by building but for listings loopnet is a good start.

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Response by 300_mercer
almost 8 years ago
Posts: 10567
Member since: Feb 2007

Uptown specialist, I did not know about Falkon and Agorafy. Thank you.

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Response by UptownSpecialist
almost 8 years ago
Posts: 139
Member since: May 2013

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.

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Response by JR1
almost 8 years ago
Posts: 184
Member since: Jun 2015

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!

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Response by truthskr10
almost 8 years ago
Posts: 4088
Member since: Jul 2009

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.

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Response by kathleenlamb
over 7 years ago
Posts: 18
Member since: Apr 2009

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

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