First Research US Industry Profile

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Commercial Real Estate Brokerage & Management
SIC Codes: 6512, 6531
NAICS Codes: 531210, 531312
Last Quarterly Update: 5/20/2019
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 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 $730 billion in 2018, according to JLL. 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 35,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $38 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. Large companies have advantages in performing a full range of services in multiple markets. Small companies can compete effectively by specializing in local markets. The US commercial property management segment is highly fragmented: the 50 largest companies account for about 20% of industry revenue. The commercial brokerage segment is concentrated: the 50 largest companies account for 50% of industry revenue.
Products, Operations & Technology
Commercial real estate brokers and agents help clients buy and sell commercial real estate property and lease space within commercial buildings. They may ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/18/2019
11/12/2018
08/13/2018
05/14/2018
02/12/2018
11/13/2017
08/07/2017
05/08/2017
02/06/2017
11/07/2016
08/01/2016
05/02/2016
02/01/2016
10/26/2015
07/27/2015
04/20/2015
01/26/2015
10/27/2014
08/04/2014
05/12/2014
02/17/2014
11/11/2013
08/19/2013
05/27/2013
03/04/2013
11/26/2012
09/03/2012
06/18/2012
03/26/2012
12/05/2011
09/12/2011
05/23/2011
02/14/2011
11/08/2010
08/16/2010
05/10/2010
02/08/2010