First Research US Industry Profile

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Commercial Real Estate Brokerage
SIC Codes: 6531
NAICS Codes: 531210
Last Quarterly Update: 5/20/2019
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 commercial property investment volume, which drives demand for commercial real estate brokers, was about $730 billion in 2017, according to JLL. 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 18,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $20 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 about 45% of industry revenue; brokerage services related to property sales account for about ... 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
11/06/2017
08/07/2017
05/08/2017
02/06/2017
11/07/2016
08/08/2016
05/02/2016
02/01/2016
10/26/2015
07/27/2015
04/20/2015
01/26/2015
10/27/2014
08/04/2014
05/19/2014
02/24/2014