This Year, Free Commercial Real Estate Listings Will Change Everything
Specializes in providing actionable insights into the commercial real estate space for investors, brokers, lessors, and lessees. He covers quarterly market data reports, investment strategies, how-to guides, and top-down perspectives on market movements.
We’re closing the first month of the new year, which means that it’s time to reflect. The national commercial real estate market is heating up, and it’s giving us new insights every day. From acquisitions to new legislation, one thing is clear: it’s never been more important to have plenty of information at your fingertips.
That’s where free commercial real estate listings come in. Giving yourself plenty of data gives you an edge on several levels. For investors, free data unlocks new insights in an area when you’re getting ready to buy or skill.
Seeing what’s popular allows you to examine what purchases you might want to make in the future. For folks interested in expanding their real estate syndication options, free data is your new best friend. Additional data is always in season, no matter what part of the commercial real estate industry you focus on.
Let’s take a look at some examples of what free data to expect when you’re looking at these listings.
Listing Demographics
Looking at demographics is one of our favorite pastimes. Seeing what an area is like by the numbers is only one way to picture a location. We still believe that you or somebody you trust should get a clearer idea of an area’s culture before making major investments.
Still, knowing things like population size, traffic patterns, and the average age of an area are all good signals, and you can access all this and more for free right here on MyEListing.com.
Yes, age does play a role in the makeup of a location and its overall health. You’ll find that an area with an older, advanced age may not be a great draw for young families, as school development may not factor much in terms of a 55+ crowd. On the other hand, there are special considerations around senior living that have to be addressed as well.
Most Recent Properties Sold
This is another piece of data that’s very valuable. Seeing what sold in the last 15, 30, 45, 60, or 90 days is incredible. If you have time, start looking at not just the extensive list of what sold but each listing.
If you’re getting ideas on what to purchase next, seeing what sold is always great. Looking at individual listings is important because the more information you give yourself about an area, the better decisions you’ll make.
For agents and brokers, getting free data that you don’t have to pay licensing fees on is always a good thing. While some listings may be in your paid databases already, that doesn’t mean all of them are in there. Do yourself a favor and look at the free listings with an open mind, ready to form your own insights.
Sales Data Trends
Good sales data is motivating! When you begin searching through locations by zip code and see the cumulative sales volume, you can start breaking apart the data into smaller patterns.
For example, if you know the cumulative sales volume and the number of buildings sold within the last 30 days, it’s easy to see what the average sales price in the area is. This is something you can also access for free right here on our website when you create a free account.
This means that if you’re looking to purchase in that area, you can infer how successful you would be if you needed to build a faster exit strategy.
While some people like to hold onto their properties for a long time, there is certainly nothing wrong with selling a property that either stops performing or just doesn’t fit your portfolio profile anymore.
Who Benefits From Free Commercial Listings?
Free commercial real estate listings also have benefits for agents and brokers. The better you understand your local market, the better you can advise your clients. Building a deep well of expertise helps increase your reputation, trust within your audience, and ability to navigate a business environment that’s always changing.
One of the most exciting parts about the commercial property business is that there’s always something new to learn. Trying to go through the industry without picking up new information is a recipe for disaster.
We genuinely think that free commercial real estate listings will change everything this year. Here’s what we’re looking at and how it impacts the industry as a whole.
Does This Mean the End of Premium Listings?
With more free data entering the market, it’s natural to speculate on whether or not this replaces premium data. Honestly, we absolutely believe that it does, at least in the way that we do it.
Why bother paying thousands of dollars a year in brokerage fees and other expenses when you can access the exact same data and more without spending a penny?
The commercial real estate industry at this moment in time loves to gatekeep itself with flashy fees and hidden costs. We here at MyEListing.com are removing all of those barriers by not charging anybody a dime when it comes to utilizing our commercial real estate search platform and listing services.
In the end, our mission is to provide a platform where anybody at all can access the tools and resources they need to make a successful commercial real estate career, completely free of charge. Everything we’ve mentioned here so far is included in what our platform provides its users.
Leverage Our Free Data & Take Your Career to the Next Level
We think that free listings are great and give people a great starting point in their journey. No matter what side of commercial real estate you’re interested in, free data can only benefit you in the long run. It’s just a very powerful way to keep your eye on the local markets that you’re most interested in.
The best thing that you can do to help our free listings stick around is to share them with other members of the greater real estate community. The more site traffic, the better it is for platforms offering free data as monetizing said traffic becomes easier. Advertisers look for traffic as a signal to pay site owners, so sending traffic to check out free listings is a good idea.
This year, make it a goal to use all of the tools and resources we provide here on MyEListing.com to take your real estate mission to the next level.
List & Browse Commercial Real Estate for Free Right Here on MyEListing.com!
Agents, investors, brokers, newcomers, and seasoned veterans can all list and browse commercial real estate for free right here on MyEListing.com. Create an account and receive access to accurate market intelligence, customized property type alerts, free demographic reports, and much more.
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