Commercial Real Estate Brokerage Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/10/2021
SIC Codes: 6531
NAICS Codes: 531210
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Commercial Real Estate Brokerage Industry Profile

Companies in this industry act as agents in the buying, leasing, and selling of commercial real estate. Major companies include CBRE Group, Colliers International, Cushman & Wakefield, Jones Lang LaSalle (JLL), and Newmark Knight Frank (all US-based), as well as Countrywide and Savills (both in the UK) and E-House China Holdings.

Global property investment volume was projected to drop by nearly 40% in 2020 and grow by 50% in 2021, according to CBRE. The near-term outlook is positive, 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 industry includes about 120,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $112 billion. The industry includes sales and leasing brokers and agents for nonresidential property.

Commercial real estate management is covered in a separate industry profile. Some companies offer both brokerage and management services.

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. Large companies have advantages in performing a range of services in multiple markets. Small companies can compete effectively by specializing in local markets. The US industry is concentrated: the 50 largest companies account for about half of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Brokerage services related to property rentals account for ...

 
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