Commercial real estate listings, data, and marketing are scattered across multiple platforms. Regional MLS systems, originally designed for residential real estate, attempt to cover some commercial properties, while Costar, Crexi, and other marketplaces dominate the space with proprietary data. The result? A fragmented industry where brokers and investors juggle multiple subscriptions, incomplete data, and paywalls.
The question is simple: If there were a true national MLS for commercial real estate, would you pay for it? More importantly, how much would it be worth per user?
For brokers, a centralized system could mean better exposure for listings and standardized data across markets. Investors would have streamlined access to comps, historical trends, and off-market opportunities without relying on multiple sources. But would the industry even support it, or is CRE too entrenched in its current system for this to work?
Would you pay for a national CRE MLS, and if so, what’s the price point that makes sense?