loopnet.com Database Grows 50 Percent

US commercial real estate marketplace loopnet.com says its new property database has grown by more than 50 percent since its launch in late May.

The property database, which is free for loopnet.com premium members, now contains over 7.5 million property records. The database also offers information including owner and tenant details, mortgage and lender history, historical for sale and lease information, and asking price trends.

“Feedback has been overwhelmingly positive,” says Thomas Byrne, loopnet.com’s president and COO. “Customers have told us that the new property database will streamline and simplify several of the tasks they perform regularly today.”

“We are also encouraged by the opportunities we see to expand and customise the tools we offer our customers, increasing the ways in which they will be able to access and interact with the wealth of information that we are providing,” Byrne adds.

Along with the growth in its property database, loopnet.com is also highlighting the maps that have recently been added to search results pages. These maps offer the ability to draw a box around a certain section to zoom in and search a certain area:

A statement on the loopnet.com blog suggests not all users have been impressed with the maps so far: “We realise the map search is not perfect. We’re working to make it better. Keep the feedback coming!”

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