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Companies in this industry manage commercial real estate. Major companies include CBRE Group, Cushman & Wakefield, and Jones Lang LaSalle (all based in the US), as well as Mitsubishi Estate (Japan), Regus Group (the UK), and YIT Corporation (Finland).
Overall global commercial real estate investment exceeds $700 billion per year, according to Jones Lang LaSalle. Top global markets include the US, Germany, and Japan, according to CBRE Research and Real Capital Analytics. Major cities including New York, Tokyo, Paris, Hong Kong, and Singapore will continue to lead global commercial real estate transactional activity.
The US commercial real estate management industry includes about 18,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $17 billion.
Commercial real estate brokers and sales agents are covered in a separate industry profile. Some companies offer both brokerage and management services.
Demand is driven by commercial real estate occupancy levels. The profitability of individual companies depends on efficient operations and effective customer service. Large companies have advantages in performing a range of management services in multiple markets. Small companies can compete effectively by specializing in local markets. The industry is highly fragmented: the top 50 companies account for less than 25% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Commercial real estate managers oversee the operations of nonresidential property, such as office buildings and office parks, retail space and shopping centers, and warehouses and industrial buildings. Some ...
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