Maryland Service Providers Back New Platform For Sharing Off-Market Listings And CRE Comps
There is a new resource for commercial real estate professionals to access off-market deals, listings, comps and the latest industry news, thanks to the launch of OnMarketUSA.
Available to subscribers via a free daily email, OnMarketUSA aims to become the leading resource for information across the commercial real estate industry.
Driven by competition and emerging technology, several industries have solved business challenges through joint content curation. While the commercial real estate industry has long relied on big data to facilitate transactions, this information is sometimes fragmented or difficult to access.
"Real estate information goes out of date quickly," said Howard Perlow, executive vice president of Residential Title & Escrow and one of the site’s sponsors. "OnMarketUSA’s platform is designed to mitigate these obstacles by sourcing information directly from professionals in each market to provide the platform with timely information on property offerings, news on recent transactions and other intelligence."
“This is an amazing iteration of an established concept," Wealcatch Insurance President and OnMarketUSA sponsor Jacob Wealcatch said. “Real estate professionals typically turn to LinkedIn, and other social media or peer-to-peer networks, to source hard-to-find deals, but this puts out all the necessary information if you’re looking to buy, sell, fund or service a specific deal.”
OnMarketUSA is not intended to be a replacement for other data sources, but instead provide the most current information more efficiently.
“Through OnMarketUSA’s interaction with the key local players, it is able to give users actionable data on a daily basis,” said Marc Tropp, a senior managing director with sponsor Eastern Union. “It's the best way to stay current in a fast-moving business that gets faster every day.”
This feature was produced in collaboration between Bisnow Branded Content and OnMarketUSA. Bisnow news staff was not involved in the production of this content.
