Where can I go to get Commercial MLS Listings

Question

Ok I am a realtor in the South Florida Area, I wanted to know is there a separate component for Commercial Listings? If so where do I go? I am new and I have a client that is interested in commercial properties. I want to know where should I go and do I need to purchase a membership for these commercial listings.

Best Regards

Eric Odum · Answer

There is no MLS for commercial like there is for residential.  Loopnet, CoStar and Catalyst all have presence in Florida, but none of them are complete pictures of the market.  Costar is like $500/mo to subscribe.  Loopnet Premium is a lot less, but still not cheap.  You will only see a small portion of the listings if you choose not to subscribe.  It is tough to dabble in commercial.  You might want to consider finding a commercial agent in your area and partnering with them.  Find some agent that does not do residential and you can cross refer.  It is a lot cheaper than buying subscriptions and you don't have to worry about learning a part of the market people take a lifetime to learn.  I don't do any residential brokerage in my business.  I have a great network of residential people I work with here in Tampa....there has to be someone in SFlo willing to do the same thing.

Joel Owens · Answer

Hi Jordan,

"I don't have the experience but willing to learn"

That's great but you do not want to practice on clients. Some of these properties if 24 unit at 50k a door is over a 1 million property. Knowledge is very key to helping clients purchase properly. Might want to look into a commercial only brokerage to really get trained up.

I see this frequently where residential agents look at commercial with big eyes and paychecks but do not understand it's a whole different world that needs  your complete dedication and not undivided interests between selling residential and commercial etc.

That's just how I see it personally to be the absolute best at just  a few things with intensive experience to give the most value to my clients.

There are a few companies that do everything in more rural type towns but most suburban to urban it's specialized. Hope it helps some.

Michael Jobe · Answer

Sounds like a job for @Jessica Swingle if you ask me! Commercial real estate is a whole different ballgame especially down where you're at. I've seen a commercial deal take 10 months to come together crumble on closing day. Get with an experienced commercial real estate agent and work out some sort of split. You'll get paid to learn. And you won't have to worry about making any rookie mistakes that potentially kill the deal. Good luck and we look forward to hearing your success story in the near future!

Jessica Swingle · Answer

Thanks, @Michael Jobe

Hi @Jordan L.

I'm also an agent in South FL - I focus on multifamily in Miami.

The comments above are spot on...I would add that there are also benefits to being a commercial member with the Miami Board of Realtors. We have access to "member to member" marketing...which basically means that listed AND off-market deals are emailed to the database on a regular basis.

That said, if you want to pursue commercial in the future as a regular part of your business, I recommend you get on that list. If not, I would contact a commercial agent who does have access to it as many commercial deals are off-market.

As @Eric Odum  mentioned, unfortunately, there is not one commercial site or resource that contains all the listings in a particular area.

Hope that helps.

Please feel free to contact me directly with questions. I'm happy to help.

jessica@swinglemiamigroup.com

Raymond B. · Answer

@Jordan L.,

To make the @ work, do the following:

Hold down the shift key and type @?

Look below this Window, and you will see a list of names of people that have posted in this thread.

Click on the name of the person that you want notified via an email, that you responded to them.

If you are a Colleague with anyone that has NOT posted in the thread, and you want them to see your post, hold down the shift key, type the @ and the first 4 letters of their First or Last Name.

Then look below this Window and click on that person's name.

Raymond

Bryan L. · Answer

@Jordan L.  - Your local MLS will probably have apartments listed like you are describing.  And like others have said, you can also look on Loopnet.

Jordan L. · Answer

@Eric, thank you very much that is the answer I was  looking for, my client wants to purchase an 8 plex, up to 24 units. Why should they go to a Commercial Broker? I dont have the experience but willing to learn, I dont mind partnering up with a commercial agent to have them walk me through or how does this all work for commercial properties, I know its a different ball game

Douglas Dowell · Answer

Depending on the jurisdiction propsectnow is a VERY awesome resource.

Sharon Tzib · Answer

I assume you're speaking about residential commercial listings? If so, most MLS systems have a multi-family component. Sometimes that's anywhere from 2-4 units, or others I've seen even small apartment complexes listed.

There are commercial sites that offer listings as well, like Loopnet or Costar, for the bigger players. If that's the route your client wants to go, they should be working with a commercial broker.

If you're unclear how to use your MLS, you should ask your broker for some training :)

Where can I go to get Commercial MLS Listings

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