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Alphabet Inc | NASDAQ:GOOG | NASDAQ | Common Stock |
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"This study confirms what LoopNet's traffic trends have long indicated," said LoopNet President Fred Saint. "The internet has quickly become one of the most valuable and widely used tools to connect buyers and sellers of commercial real estate."
Some key findings from the study:
Along with the increase in online sources being used, there appears to be a decrease in other more "traditional" research methods. For example, only 7% of surveyed tenants and investors report beginning their commercial real estate searches by driving in the desired area. These findings are significant for commercial real estate brokers and firms who are marketing their services and available properties. With this study, LoopNet and Google hope to provide valuable insight to help them optimize their advertising efforts and reach more tenants and investors.
View the full study report here: www.loopnet.com/commercial-real-estate-consumer-online-behavior-and-trends.pdf
About LoopNet
LoopNet operates the most heavily trafficked commercial real estate marketplace online with more than 9.0 million registered members and over 5 million monthly unique visitors. The LoopNet marketplace, which consists of over 800,000 property listings, covers all commercial property categories, including office, industrial, retail, multifamily apartment buildings, hotel, land, specialty properties, investment properties and businesses for sale. LoopNet is a wholly owned subsidiary of CoStar Group, Inc. (Nasdaq:CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, visit www.loopnet.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding LoopNet's and CoStar's plans, objectives, expectations, beliefs, intentions or strategies regarding the future. These statements are based upon the current beliefs and expectations and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The risk that the trends represented or implied in this release do not continue or produce the results suggested by such trends could cause or contribute to such differences. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Annual Report on Form 10-K for the year ended December 31, 2013, and CoStar's Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, each of which is filed with the SEC, including in the "Risk Factors" section of those filings, as well as CoStar's other filings with the SEC available at the SEC's website (www.sec.gov). All forward-looking statements are based on information available to CoStar and LoopNet on the date hereof, and neither CoStar nor LoopNet undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: ALL INQUIRIES: Mark Klionsky, Senior VP, Marketing (202) 623-5252 mklionsky@costargroup.com
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