Commercial Real Estate Management Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 7/31/2017
SIC Codes: 6512
NAICS Codes: 531312
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 Management Industry Profile

Companies in this industry manage commercial real estate. Major companies include CBRE Group, Colliers International, Cushman & Wakefield, and Jones Lang LaSalle (all based in the US), as well as Lendlease (Australia), Mitsubishi Estate (Japan), and Regus Group (the UK).

The professionally managed global real estate investment market is valued at about $7.4 trillion, according to MSCI. Top global markets include the US, Japan, and the UK. Major cities including New York, London, Paris, and Shanghai 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.

COMPETITIVE LANDSCAPE

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.

Companies that provide commercial property development, investment, construction, and brokerage services may also conduct management services and thus compete with companies in the commercial real estate management industry.

PRODUCTS, OPERATIONS & TECHNOLOGY

Commercial real estate managers oversee the operations of nonresidential ...

 
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