LoopNet Surpasses 2.5 Million Registered Members

LoopNet Inc., which operates a membership-based online commercial real estate marketplace for agents to list properties for sale or for lease, has surpassed 2.5 million registered members.

As of Nov. 25, LoopNet had 2,511,813 registered members, and – according to comScore Media Metrix – averaged 915,000 monthly unique visitors in 2007. LoopNet's registered membership has grown at an annualized rate of more than 50% per year during the past two years.

LoopNet's marketplace covers the U.S. and Canada and all commercial property categories, including office, industrial, retail, multifamily, hotel, land, specialty properties and businesses for sale. At the end of September 2007, the LoopNet marketplace featured more than 535,000 commercial real estate listings, including more than $425 billion of property available for sale and 3.7 billion square feet of space for lease.

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