LoopNet Launches CoTour to Conduct Real-Time Virtual Tours

LoopNet, a commercial real estate marketplace online, launched CoTour, a virtual co-browsing space for tenants, owners and brokers to conduct business online, in response to the current needs of customers and the industry, the company said.

At a time when in-person tours are not able to happen, LoopNet and its CoTour tool allow key decision makers to meet and tour properties in real-time, enabling business to be conducted virtually. The real-time viewing and conversations about commercial real estate properties are powered by strong video and sound quality, adding value to those looking for the perfect space or the ability to tell their property´s story.

Registered LoopNet users can invite up to 20 participants, who do not have to be registered, to view a property in real-time in the private and secure meeting room.

With CoTour co-browsing technology supplementing the 3D virtual tours, HD video tours, aerial drone videography and architectural photography already existing on LoopNet listings, the platform continues to enhance the search process and value for tenants, owners, investors and brokers. LoopNet plans to monitor adoption of CoTour and user feedback to shape the future of the product.

CoStar Group, Inc. (NASDAQ: CSGP) is the provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. For more information, visit www.costargroup.com.