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In addition, Google Analytics reports that LoopNet.com had more than 5.1 million unique visitors between June 2009 and August 2009, representing growth of more than 11% compared to the same period in 2008. In the month of August alone, Google Analytics reported, LoopNet.com had more than 2.04 million unique visitors, an increase of more than 13% versus the same month last year.
For the month ending August, the five leading traffic monitoring services all reported LoopNet with a substantial traffic lead relative to competing web sites:
-- comScore: LoopNet #1 with 6.1 times the traffic of nearest competitor
-- Compete: LoopNet #1 with 6.9 times the traffic of nearest competitor
-- Alexa: LoopNet #1 with 6.9 times the traffic of nearest competitor
-- Hitwise: LoopNet #1 with 10.1 times the traffic of nearest competitor
-- Quantcast: LoopNet #1 with 11.6 times the traffic of nearest competitor
"The facts are clear," said Thomas Byrne, LoopNet's President and Chief Operating Officer. "LoopNet is far and away the #1 online commercial real estate marketplace. For our members, who seek to market commercial real estate for sale and for lease, LoopNet delivers unparalleled exposure for their available properties."
LoopNet invites commercial real estate market participants to visit publicly available sites like Quantcast.com or Compete.com and run the traffic comparison for themselves.
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 June 2009, the LoopNet marketplace featured more than $495 billion of property available for sale and 6.1 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 in the U.S., including CB Richard Ellis, Century 21 Commercial, Coldwell Banker Commercial, Colliers International, The CORE Network, 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, Sperry Van Ness, Staubach Retail and TCN Worldwide.
Forward-Looking Statements
This release contains forward-looking statements regarding LoopNet's online commercial marketplace, visitor traffic, our customers, our strategic alliances, the continuing adoption of the Internet to market and search for commercial real estate and the value we provide to our members. 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, economic events or trends in the commercial real estate market or in general, our ability to introduce new or upgraded products or services and customer acceptance of such services, our ability to integrate service partners into our systems and platforms, our service partners' ability to expand and manage growth, our ability to continue to attract unique visitors to our web site, our ability to continue to attract new registered members, convert them into Premium Members and retain such Premium Members, our ability to obtain or retain listings from commercial real estate brokers, agents and property owners, competition from current or future companies, our ability to receive timely and accurate sales data from our partners, 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
pr@LoopNet.com
SOURCE LoopNet, Inc.
http://www.LoopNet.com
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