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|
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 in 2020 during the pandemic, commercial real estate transaction volume rebounded in 2021 and exceeded expectations. Survey respondents reported high levels of investment sales activity, with our top 23 companies completing over $951 billion in deals in 2021, compared to 26 respondents completing just 523, $4 billion in 2020.
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 drawn to property types with strong underlying fundamentals.
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.
—Claire Spadoni, Senior Research Analyst, Yardi Matrix
Commercial real estate managerThe ranking of the most powerful brokerage companies is 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 ranking represents 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.
Read the June 2022 issue of CPE.