Nov 1, 2006

A Tale of Two Sites

A look at two major Web players in commercial real estate.

 
Costar Loopnet
Date Founded 1987 1995
Date of IPO 1998 2006
Revenue* $146.3 million $39.4 million
Operating Income* $9.4 million $16.6 million
Database 30 billion square feet of space listed, includes 5 billion square feet for lease $335 billion of properties for sale, 2.9 billion square feet for lease
Services A large team of researchers compiles data, data, and more data, with mapping capabilities, environmental info, and an emphasis on leasing Properties for sale and lease, largely posted by real estate brokers, with the bulk of listings in middle markets
Cost Five pricing levels range from free (for limited searching capabilities) to $400,000 per month for institutional-quality analytics at the national level Limited searching for free; paid membership for $49.95 per month is required to post property for sale or lease

*Results for 12 months ending in June