Miami Realtors association launches commercial MLS

The Miami Association of Realtors launched a commercial multiple listing service.

South Florida Commercial Property Search is the only commercial MLS in South Florida with a consumer-facing website, according to a press release. The website was launched with the Beacon Council and Florida Power & Light.

The Miami Association of Realtors has more than 52,000 members. Nearly 5,000 commercial listings in areas including Miami-Dade, Broward and Palm Beach counties are now available on the commercial MLS. Since it launched a few months ago, 69 percent of the website views are from the U.S. Canada represented the second biggest share with 16 percent of web traffic, followed by Argentina with 11 percent and France with 2 percent.

CoStar has long dominated the commercial real estate data space, but it does not have a public portal. The commercial listings giant has 5.1 million property listings, according to its website.

Earlier this year, the National Association of Realtors finalized an agreement with the Commercial Real Estate Exchange Inc., known as Crexi, to integrate its data with Realtors Property Resource, a database for commercial and residential Realtors. The deal gave NAR’s more than 1.3 million residential and commercial real estate members access to a free service and a discount off the premium service.

The Miami Association of Realtors is the largest of its kind in the country, and is composed of six organizations that include the residential association, the commercial alliance, Broward Miami, the Jupiter Tequesta Hobe Sound Council, the Young Professionals Network and the International Council.