LoopNet, the #1 Commercial Real Estate Marketplace, Sees Significant Traffic Lead Growth in November
December 22 2009 - 11:00AM
PR Newswire (US)
- Independent Service comScore Reports LoopNet Generated More Than
9 Times The Unique Visitor Traffic of Its Nearest Competitor - -
Google Analytics Reports LoopNet Attracted Over 1.8 Million Unique
Visitors During November - SAN FRANCISCO, Dec. 22
/PRNewswire-FirstCall/ -- LoopNet, Inc. (NASDAQ: LOOP), which
operates the largest online commercial real estate marketplace,
remains the clear leader in online visitor traffic among commercial
property marketing and information services web sites, according to
comScore, a leading Internet traffic measurement service.
LoopNet.com generated 9.1 times the traffic of its nearest
competitor in November 2009, according to the most recent data
released by comScore. This is a significant gain from the year to
date average of 6.4 times that comScore reported through October
2009. In addition, Google Analytics reports that LoopNet.com had
more than 1.8 million unique visitors during November and more than
1.9 million unique monthly visitors on average for 2009. These
numbers follow the increase in profile views that LoopNet recently
reported. There were 44.1 million profile views of listings on the
LoopNet marketplace during the third quarter of 2009, up 26% from
the second quarter of 2009. "We are pleased with the new traffic
metrics. They are evidence that our efforts to differentiate our
marketplace are working and that LoopNet is continuing to deliver
increasing value to our members," said Thomas Byrne, LoopNet's
President and Chief Operating Officer. "The fact that LoopNet is
the #1 online commercial real estate marketplace in terms of unique
visitors by a factor of over 9x translates into unparalleled
exposure for our members who are seeking to market properties for
sale and for lease." The LoopNet marketplace, available at
http://www.loopnet.com/, covers all commercial property categories,
including office, industrial, retail, multifamily (apartment
properties for sale), hotel, land, specialty properties, investment
properties and businesses for sale. At the end of September 2009,
the LoopNet marketplace featured more than $480 billion of property
available for sale and 6.3 billion square feet of space for lease.
About LoopNet LoopNet, Inc. is the leading online marketplace for
commercial real estate and businesses for sale in the United
States. The LoopNet.com online marketplace enables commercial real
estate agents, working on behalf of property owners and landlords,
to list properties for sale or for lease by submitting detailed
property listing information in order to find a buyer or tenant.
Commercial real estate brokers, agents, buyers and tenants use the
LoopNet online marketplace to search for available property
listings that meet their commercial real estate criteria. By
connecting the sources of commercial real estate supply and demand
in an efficient manner, LoopNet enables commercial real estate
participants to initiate and complete transactions more
cost-effectively. LoopNet also delivers technology and information
services to commercial real estate organizations to manage their
online listing presence and optimize property marketing. LoopNet
customers include virtually all of the top commercial real estate
firms and organizations in the U.S., including CB Richard Ellis,
CCIM, Century 21 Commercial, Coldwell Banker Commercial, Colliers
International, The CORE Network, CORFAC International, Cushman
& Wakefield, First Industrial Realty Trust, Grubb & Ellis,
Jones Lang LaSalle, Lee & Associates, Lincoln Property Company,
Marcus & Millichap, NAI Global, ONCOR International, ProLogis,
Prudential CRES, RE/MAX, Retail Brokers Network, SIOR, Sperry Van
Ness, and TCN Worldwide. Forward-Looking Statements This release
contains forward-looking statements regarding LoopNet's efforts to
differentiate our online commercial marketplace, deliver increasing
value to our customers, and the exposure for available properties
listed on our marketplace. These statements are based on current
information and expectations that are inherently subject to change
and involve a number of risks and uncertainties. Actual events or
results might differ materially from those in any forward-looking
statement due to various factors, including, but not limited to,
ongoing volatility in the commercial real estate market, whether
increased traffic will lead to new registered members, and our
ability to convert them into Premium Members and retain them, our
ability to continue to attract unique visitors to our web site, our
ability to obtain or retain listings from commercial real estate
brokers, agents and property owners, competition from current or
future companies, seasonality and our ability to manage our growth.
Additional information concerning factors that could cause actual
events or results to differ materially from those in any
forward-looking statement is contained in our filings with the
Securities and Exchange Commission (SEC). Copies of filings made by
us with the SEC are available on the SEC's web site or at
http://investor.loopnet.com/sec.cfm. LoopNet does not intend to
update the forward-looking statements included in this press
release that are based on information available to us as of the
date of this release. For more information contact: Cary Brazeman,
310-205-3590 DATASOURCE: LoopNet, Inc. CONTACT: Cary Brazeman,
+1-310-205-3590, , for LoopNet, Inc. Web Site:
http://www.loopnet.com/
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