You can also read our other rankings of the most powerful brokerage firms.
|Rank||Company||2021 Investment Sales Volume ($M)||2021 square feet leased (000s)||Number of brokers||Property type|
|1||CBRE||$388,700.00||1.5 million||–||O, I, R, M, X|
|2||Cushman and Wakefield||$160,000.00||852,000||6,847||O, I, R, M, X|
|3||Newmark*||$131,617.08||267,022||1,877||O, I, R, M, H, Ho, St, Se, X|
|4||Marcus & Millichap||$84,400.00||–||1994||O, I, R, M, H, Ho, St, Se, X|
|5||Global NAI||$17,000.00||180,000||5,100||O, I, R, M, H, Ho, St, Se|
|6||Avison Young||$20,400.00||107,600||2,101||O, I, R, M, X|
|seven||Lee & Associates Commercial Real Estate Services||$16,704.19||198,768||1,150||O, I, R, M, X|
|8||TCN in the world||$26,872.47||100,638||1,500||O, I, R, M, H, Ho, X|
|9||SVN International Corp.||$20,400.00||38,026||1,420||O, I, R, M, X|
|ten||Berkadia||$26,698.19||–||141||O, R, M, H, Ho, St, Se, X|
|11||Matthews™ Real Estate Investment Services||$8,340.00||8,018||300||O, I, R, M, H, X|
|12||Coldwell Commercial Banker||$9,200.00||–||2,678||O, I, R, M, Ho, St, X|
|13||Transwestern Real Estate Services||$4,211.52||53,374||405||O, I, R, M, H, Ho, X|
|14||SRS real estate partners||$3,351.85||9,739||175||O, I, R, H, Ho, X|
|15||Kidder Mathews||$5,541.07||39,312||467||O, I, R, M, H, Ho, X|
|16||Flow real estate partners||$1,981.07||56,527||199||O, I, R, H, X|
|17||See Real Estate Services||$1,739.95||14,241||130||I, M, X|
|18||Greysteel||$1,337.87||–||24||I, R, M, Ho, X|
|19||Stan Johnson Co.||$4,000.00||–||101||O, I, R, M, H, X|
|20||Ariel Real Estate Advisors||$743.00||–||25||R, M, X|
|2||Cushman and Wakefield|
|5||Lee & Associates Commercial Real Estate Services|
|seven||TCN in the world|
|8||Flow real estate partners|
|9||SVN International Corp.|
|ten||Transwestern Real Estate Services|
|2||Cushman and Wakefield|
|4||Marcus & Millichap|
|seven||Lee & Associates Commercial Real Estate Services|
|8||SVN International Corp.|
|9||Matthews Real Estate Investment Services|
|ten||TCN in the world|
* Newmark figures represent the brokerage firm’s North American operations only, the figure includes investment sales and financing.
Note: The following notable companies did not submit responses: JLL, Colliers and Eastdil Secured.
Legend: O=Office, I=Industrial, R=Retail, M=Multifamily, H=Healthcare, Ho=Hospitality, St=Student residence, Se=Senior residence, X=Other
To be included in future surveys, email Agota Felhazi at [email protected].
Despite setbacks during the pandemic in 2020, commercial real estate transaction volume rebounded in 2021 and exceeded expectations. Respondents to our survey reported high levels of investment sales activity, with a combined volume of over $951 billion in 2021, compared to $484 billion in 2020 and $630 billion in 2019.
Even in the face of impending rate hikes, the outlook for commercial real estate investment activity remains positive for 2022, as investors are likely to continue to be attracted to real estate asset types with underlying fundamentals. solid.
While the industry remains optimistic for 2022, our 2022 ranking of the most powerful brokerages highlights the best companies to watch.
CBRE maintained its long-standing position at the top of this year’s rankings and ranked first in our rental and sales category rankings. Reporting nearly $389 billion in transaction activity in 2021, CBRE saw a 114% increase in investment sales volume compared to 2020. The brokerage’s investment volume was split across types of assets, with the greatest volume occurring in the multi-family and industrial sectors. CBRE’s rental volume also increased in 2021, with 1.5 billion square feet leased, a 25% increase over the prior year.
Cushman & Wakefield and Newmark rounded out the top three in the investment sales rankings with respective transaction volume of $160 billion and $132 billion in 2021. Cushman also ranked second in our rental category , with 852 million square feet leased throughout the year. Despite taking third place overall and sales, Newmark came in sixth for rentals with just over 267 million square feet of rental transactions.
commercial real estate directorThe rankings of the most powerful brokerage companies are based on self-reported data from all companies. We used a weighted formula, considered a variety of factors including a company’s performance in 2021 and prior years, and looked at data that reflects investment sales and rental activity. The rankings represent what we believe is a logical balance between business growth and market share. Ranking factors are not limited to the data that appears on this page.
—Claire Spadoni, Senior Research Analyst, Yardi Matrix
Read the June 2022 issue of CPE.