Commercial Real Estate Management
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 Colliers International (Canada), Lendlease (Australia), Mitsubishi Estate (Japan), and Regus Group (the UK).
The professionally managed global real estate investment market is valued at about $8.5 trillion, according to MSCI. Top global markets include the US, Japan, and the UK. Major cities including New York, London, Paris, and Tokyo 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 $18 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 about 20% 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 property, such as office buildings and office parks, retail space and shopping
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms