LoopNet Launches CoTour to Conduct Virtual Tours in Real-Time
May 04 2020 - 11:00AM
Business Wire
LoopNet – the most heavily trafficked commercial real estate
marketplace online – launched CoTour, a virtual co-browsing space
for tenants, owners and brokers to conduct business online, in
response to the current needs of customers and the industry.
At a time when in-person tours are not able to happen, LoopNet
and its CoTour tool allow key decision makers to meet and tour
properties in real-time, enabling business to be conducted
virtually. The real-time viewing and conversations about commercial
real estate properties are powered by strong video and sound
quality, adding value to those looking for the perfect space or the
ability to tell their property’s story. Registered LoopNet users
can invite up to 20 participants, who do not have to be registered,
to view a property in real-time in the private and secure meeting
room.
With CoTour co-browsing technology supplementing the 3D virtual
tours, HD video tours, aerial drone videography and architectural
photography already existing on LoopNet listings, the platform
continues to enhance the search process and value for tenants,
owners, investors and brokers. LoopNet plans to monitor adoption of
CoTour and user feedback to shape the future of the product.
LoopNet’s marketplace covers all commercial property categories,
including office, industrial, retail, multifamily (apartment
properties for sale), hotel, land, specialty properties and
investment properties. In April 2020, 6.4 million tenants toured
properties on LoopNet, which is up 61% from the prior month. With
88% of potential tenants and investors searching for commercial
real estate space online, LoopNet has become essential to those
marketing properties. Listings on LoopNet receive unprecedented
access to the professional commercial real estate community and
unmatched exposure to the largest actively searching tenant and
investor audience.
For more information about LoopNet and the new CoTour virtual
co-browsing tool, visit LoopNet.com.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of
commercial real estate information, analytics and online
marketplaces. Founded in 1987, CoStar conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of commercial real estate information. Our suite of online
services enables clients to analyze, interpret and gain unmatched
insight on commercial property values, market conditions and
current availabilities. STR provides premium data benchmarking,
analytics and marketplace insights for the global hospitality
sector. LoopNet is the most heavily trafficked commercial real
estate marketplace online with over 6 million monthly unique
visitors. Realla is the UK’s most comprehensive commercial property
digital marketplace. Apartments.com, ApartmentFinder.com,
ForRent.com, ApartmentHomeLiving.com, Westside Rentals,
AFTER55.com, CorporateHousing.com, ForRentUniversity.com and
Apartamentos.com form the premier online apartment resource for
renters seeking great apartment homes and provide property managers
and owners a proven platform for marketing their properties. CoStar
Group’s websites attracted an average of approximately 55 million
unique monthly visitors in aggregate in the first quarter of 2020.
Headquartered in Washington, DC, CoStar maintains offices
throughout the U.S. and in Europe, Canada and Asia with a staff of
over 4,200 worldwide, including the industry’s largest professional
research organization. For more information, visit
www.costargroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200504005420/en/
Matthew Blocher CoStar Group (202) 346-6775
mblocher@costar.com
CoStar (NASDAQ:CSGP)
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