PropertyShark.com Adds ‘For Lease’ Listings

New York City, May 22, 2007 – PropertyShark.com, the premier real estate data site, today announced the addition of a ‘For Lease’ listings area on the website. The ‘For Lease’ area of PropertyShark.com launched in the five boroughs of New York City and will be added for other major cities in the coming months. Posting a listing will be complimentary for commercial brokers and owners interested in leasing retail or office space.

“PropertyShark.com has become a thriving information exchange for all things real estate, and our users in the commercial broker segment have long asked for a For Lease area of the site, so this is a very natural addition to PropertyShark.com” said Matthew Haines, Founder of PropertyShark.com.

To browse current listings in the new ‘For Lease’ section go to: For Lease

For business owners, demographic maps showing median income, median age, population age, and rezoning initiatives will display alongside the listings to help with leasing decisions. Users will also be able to use the Notes and Favorite Property Lists features to track and organize potential office and retail spaces.

“We have great respect for the businesses that CoStar and LoopNet have built, and we don’t intend to try to compete in their space for major lease listings in skyscrapers, but we do see a huge opportunity to aggregate the small and mid-sized commercial leases available in the market”, said Ryan Slack, chief executive officer of PropertyShark.com.

To provide more insight into the leasing market, PropertyShark.com has simultaneously launched a map displaying retail leasing rates along commercial corridors in Brooklyn, based on data provided by leading realty services firm Massey Knakal. To view the map, go to: Map

“The data shown in our Brooklyn retail corridor map is compiled from data provided by our territory experts”, said Timothy D. King, Senior Partner of Massey Knakal Realty Services of Brooklyn. “We have compiled this data over the past several years and have noticed a steady increase in rents in the established retail corridors as well as the emergence of new, vibrant neighborhood districts.”

Beyond the ‘For Lease’ section, PropertyShark.com provides real state professionals and savvy investors with comprehensive residential and commercial property reports for every property in each county, a comparable sales tool, foreclosure and pre-foreclosure listings, maps, building photos and For Sale listings. Markets include Los Angeles, New York City, Miami, Seattle, Boston, Austin, Houston, Philadelphia, San Francisco, Washington DC, and all of New York State and New Jersey.

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, homes for sale, foreclosures and pre-foreclosures, retail spaces, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com