April 28, 2011
LoopNet was well on its way to taking over the reigns from CoStar. It had embarked down the path of becoming the “go to” place to list to get things sold or leased. CoStar hadn’t evolved much over the years, and with every passing year had become an increasingly expensive research report while LoopNet was relatively quickly adding form and functionality.
Then they had to go and sell out to the company that is the bane of many commercial broker’s existence. Well, I hope there are some out there which see that with the combination of LoopNet and CoStar into one entity, there is now an opening for an alternative provider to fill the vacuum that will be undoubtedly formed once CoStar leaves its mark.
I don’t blame CoStar though, the writing was on the wall.
- None Found