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Curious to hear other people's thoughts, but to my understanding there is no equivalent to the MLS for commercial brokers, at least not in NYC. The main broker database is privately owned, and very expensive. It's called Costar and they charge $650 a month per account. Though I know a lot of brokers try to get around this by sharing their password around the office.
Costar used to have some competition from a company called Excellegiant [spelling sorry] but it was broken up, and now they're gone and Costar effectively has a monopoly in the commercial real estate space.
Keep in mind Loopnet, which is a popular public facing commercial real estate search website is owned by Costar, and their systems are integrated. Loopnet is essentially paid advertisement for commercial brokers, while Costar is purely broker to broker (like a MLS).
In commercial real estate (CRE), you don't have to co-broke. You can choose to if you want, and by whatever you wish, like 15% or 25%. Nothing like the REBNY RLS for residential brokers where equal co-broking is required. However, most serious commercial brokers will be happy to co-broke if another broker has a qualified buyer. And experienced brokers usually have no problem finding the building owner's contact information if the listing broker refuses to cobroke, and will just go direct to the owner. Remember that building brokers are also paid by commission.
Costar used to have some competition from a company called Excellegiant [spelling sorry] but it was broken up, and now they're gone and Costar effectively has a monopoly in the commercial real estate space.
Keep in mind Loopnet, which is a popular public facing commercial real estate search website is owned by Costar, and their systems are integrated. Loopnet is essentially paid advertisement for commercial brokers, while Costar is purely broker to broker (like a MLS).
In commercial real estate (CRE), you don't have to co-broke. You can choose to if you want, and by whatever you wish, like 15% or 25%. Nothing like the REBNY RLS for residential brokers where equal co-broking is required. However, most serious commercial brokers will be happy to co-broke if another broker has a qualified buyer. And experienced brokers usually have no problem finding the building owner's contact information if the listing broker refuses to cobroke, and will just go direct to the owner. Remember that building brokers are also paid by commission.