The latest national CRE marketplace originally sources all of its listings as the search engine platform industry heats up.
Commercial real estate technology provider Catylist recently announced the launch of Commercial Exchange—a national CRE marketplace where users can search available sales and leases. Commercial Exchange says it only focuses on listings that have been recently verified.
Partnering with Moody’s Analytics, each property listed on Commercial Exchange includes a Commercial Location Score, which allows lenders, CRE investors, and developers to evaluate each parcel’s potential and suitability across the five major commercial property asset classes of retail, office, multifamily housing, hotels and industrial. Each numeric score takes into account component factors for the location including economic prosperity, business vitality, spatial demand, amenity, safety, and transportation.
It has over 200,000 listings.
“Our goal with Commercial Exchange was to create a marketplace with reliable data and easy-to-use features that’s truly accessible to all, whether you’re a commercial real estate broker, an investor, or a tenant searching for available space,” says Catylist CIO Allen Benson.
This latest addition to the proptech industry allows users to search quickly and efficiently on a map with radius and drawn shapes, save searches and receive immediate property alerts, access details and generate one-click reports for any property in the country and view listing traffic plus track leads.
Benson believes that geospatial elements, mapping and property boundaries are all relational to the market and those data points will impact the viewer’s assessment of the properties. “Our goal is to help brokers across the country tackle their toughest challenges and make better, faster decisions.”
By: Tanya Sterling (GlobeSt)
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