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Article: Outlook for online real estate: commercial real estate websites have yet to mature, but property listing sites are striving for better coverage, timeliness and accuracy. (Work Place Technology).
- Article from:
- Plants Sites & Parks
- Article date:
- December 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As commercial real estate websites die, merge and find shelter under the wing of an industry consortium, business tenants may feel like helpless spectators. Turn that image of the helpless spectator into the empowered window-shopper.
Real estate websites have yet to mature, but there's a proliferation of listing sites to peruse. Property listing sites admit they can't cover every available property, but they are improving.
Growing pains
In the first six months of 2001, the commercial real estate industry witnessed approximately 35 percent to 40 percent attrition in the total number of sites because of failed launches, mergers or closings, ...