October 07, 2009 16:58 ET

Tenant-Focused Web Site Exploits Weak Commercial Property Market

SuiteDeals.net Enables Power Browsing for Commercial Rental Property With MapQuest Functionality

AUSTIN, TX--(Marketwire - October 7, 2009) - SuiteDeals.net has launched service to the commercial real estate market of a tenant-enabled property database that will connect highly informed and motivated site visitors directly to the owners of commercial leaseholds. Developed with the support of a consortium of commercial property owners, the site will integrate advanced search capability with aerial map views and tag functionality through a partnership with MapQuest.

A slumping commercial real estate market is in the company's favor, according to Gregg Sudduth, SuiteDeals CEO. "The bottom third of the commercial market has never been well represented by the agencies, and now, even top tier clients are questioning their agency relationships in the face of dropping rental rates. Property owners sign tenants through SuiteDeals.net for a small monthly fee, not for a percentage of their annual rental revenue. We have costs for hardware, software, and SEO, not for silk suits, leather interiors, and power lunches. So far, the market likes our message."

The site enables property owners to easily create and maintain attractive and informative marketing profiles of individual property listings. Business tenants search the property listings by price, amenities, square footage, or other variable data through a simplified, engaging interface that produces a tagged map of every qualified property within seconds. Tenants communicate and negotiate directly with the landlord, with or without the assistance of a commercial real estate broker.

SuiteDeals.net is rolling out regional marketing campaigns, beginning in its home state of Texas. The site will feature properties located in Austin, Houston, Dallas/Ft. Worth, and San Antonio. Property owners will be offered introductory pricing, and both landlords and tenants can earn cash rewards for sharing success stories from the site. The marketing campaigns are tied to advertising and search engine spend, and include cross promotions with various business partners that provide complementary services.

About SuiteDeals.net

SuiteDeals.net is a Web 2.0 Internet marketplace for commercial property leasing that enables leaseholders and tenants to market and shop, negotiate and consummate commission-free leasehold agreements. Founded in 2008 by industry veterans and located in Austin, Texas, the company is technology-focused and does not assist or consult clients on the legal implications of lease transactions. For more information about the company, visit www.SuiteDeals.net.

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