Commercial Real Estate Brokerage & Management Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/8/2017
SIC Codes: 6512, 6531
NAICS Codes: 531210, 531312
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Commercial Real Estate Brokerage & Management Industry Profile

Companies in this industry act as agents in the buying, leasing and selling of commercial real estate, in addition to managing nonresidential properties for owners. Major companies include CBRE Group, Cushman & Wakefield, Jones Lang LaSalle (JLL), Newmark Grubb Knight Frank, and Colliers International (all US-based), as well as Countrywide and Savills (both in the UK) and Mitsui Fudosan (Japan).

Global commercial property sales, which drive demand for this industry, have been rising steadily. Direct commercial real estate investment exceeded $700 billion in 2015, according to Jones Lang LaSalle. The improving global outlook is leading real estate investors to look outside their home markets for opportunities across the spectrum of locations and sectors.

The US commercial real estate brokerage and management industry includes about 33,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $35 billion.

The industry includes sales and leasing brokers and agents for nonresidential property, as well as property managers. Many companies combine these functions. Brokers and property managers also are covered individually in separate profiles. Owners of commercial property who perform their own leasing and property management aren't included in this industry. Commercial real estate financing is not included in this industry.

COMPETITIVE LANDSCAPE

Demand, which is driven by the volume of commercial real estate transactions, is heavily influenced by real estate vacancy rates. The profitability of individual companies depends on efficient operations. ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options