Commercial Real Estate Brokerage & Management Industry Profile

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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, Cushman & Wakefield, Jones Lang LaSalle, and Newmark (all US-based), as well as Colliers International (Canada), 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. the global commercial real estate brokerage and management market generated about $210 billion in 2020, and is expected to reach nearly $425 billion by 2030, according to Allied Market Research. The increase is driven by the urban population, rise in commercial construction buildings, and surge in government initiatives for real estate investments.

The US commercial real estate brokerage and management industry includes about 18,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $27 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 ...

 
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