Commercial Property MLS or multiple listing service is a catchall term used to describe
individual services or exchanges that track available commercial property for sale
or lease in the United States. There is no widespread commercial real estate multiple
listing service in use and supported by the commercial real estate brokerage industry.
There are a few regional Commercial Property MLS initiatives with a fair amount
of commercial property listings available. BuildingSearch.com is a free vertical
search engine that works to capture all available listings available in the public
domain. It scours and aggregates thousands of information sites and is the only
website and service in existence that acts as a free Commercial Property MLS by
covering multiple U.S. markets from California to New York.
BuildingSearch.com displays all commercial property listings it comes across whether
paid to or not. Plus, like a true Commercial Property MLS or multiple listing service,
it does not block broker or owner contact information on any listing it tracks.
Users on BuildingSearch.com can sort over 200,000 commercial real estate listings
on demand and through a free website registration process. Just like an active Commercial
Property MLS, thousands of commercial real estate brokers and building owners actively
update their commercial property listings displayed on BuildingSearch.com. There
is no cost to add listings to our Commercial Property MLS. BuildingSearch.com offers
premium services to allow brokers and owners to elevate their properties that are
displayed on our search results pages leading to more traffic to their listings.
Some buildings contained in our Commercial Property MLS are shown for historical
value and for research purposes. These commercial real estate listings are differentiated
so that users of our Commercial Property MLS can immediately tell if there is space
available in the building. BuildingSearch.com tracks all sorts of commercial real
estate listings including office space, retail space, industrial buildings, and
others including R&D, flex space, and land. Each commercial property listing in
our Commercial Property MLS is displayed and sorted by for sale, for lease, or both.
Users of our free commercial real estate search engine can also sort by city, size,
and other characteristics. Each commercial real estate listing included in the Commercial
Property MLS is also displayed within a map. Mapping software allows users to zoom
in and out of locations and submarkets to include commercial property listings that
are available in adjacent cities.
Pricing shown on BuildingSearch.com is the asking rate set by the commercial real
estate broker or building owner. Rates are shown by either the monthly asking rate
or the yearly asking rate. In most cases, asking rents for commercial property listings
are negotiable. The rental rate is quoted as a NNN or triple-net, Industrial Gross,
or Full Service lease structure. Triple-net and Industrial Gross leases are generally
used for industrial buildings where the tenant pays (in addition to the rent) the
real estate taxes, building insurance, building maintenance as well as the utilities
serving the commercial property listing. Under the Industrial Gross lease the tenant
usually pays for most everything except perhaps the real estate taxes. Note that
there are several variations of the Industrial Gross lease and each one must be
carefully reviewed to understand what services are provided by the landlord as part
of the base rent and what expenses must be paid for by the tenant. Under the Full
Service lease, the tenant pays for everything included in its monthly rent. However,
under Full Service leases the landlord can pass through certain increases in expenses
from year to year depending on what is negotiated in the lease document.
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