Realtor.com is now providing information on more than 450,000 active commercial listings after launching expanded commercial search functionality powered by Xceligent Inc.
The additional listings are aggregated by Xceligent for its website, CommercialSearch.com, from a number of sources, including hundreds of multiple listing services (MLSs), commercial information exchanges (CIEs), and the majority of the nation’s top 50 commercial brokerages.
Visitors to realtor.com can view commercial listings directly in the “Commercial” category on the website’s home page, or at a landing page dedicated to commercial search: http://commercialsearch.realtor.com.
When searching realtor.com for commercial properties, users have access to Xceligent’s targeted “CommercialSearch” filters, allowing them to search by property type to find retail, office, industrial, multifamily, hotel, land, farm, mobile home park, and specialty properties for sale and lease.
“Expanding listings content on realtor.com, while remaining steadfast in our commitment to accuracy, is crucial in allowing us to better serve consumers,” said Errol Samuelson, president of realtor.com, in a statement.
Realtor.com operator Move Inc. and Xceligent announced the agreement in May.
The National Association of Realtors has a stake in Xceligent through its investment wing, Second Century Ventures LLC.
Xceligent acquired a key part of CommercialSearch — ePropertyData — from NAR’s Second Century Ventures in May 2012. In January, Xceligent became a part of NAR’s “Realtor benefits” program, giving Realtors pricing deals on the service and making it the “exclusive provider of commercial real estate information services” for Realtors.
NAR, which launched the CommercialSearch site in May 2008, says the new CommercialSearch portal launched today will compete with the commercial real estate giant CoStar, which acquired commercial listing site LoopNet last year.
“Exposing our national marketplace to the realtor.com audience creates an incredibly powerful platform for transacting commercial real estate,” said Doug Curry, CEO of Xceligent, in a statement.