A lot of the biggest real estate companies offer more than just real estate transactions. Many of these prominent companies also provide extra services, such as managing properties, projects, and portfolios, valuing and building on real estate, and giving business advice.
Residential, commercial, and industrial properties are bought, sold, and managed in the worldwide real estate market. Real estate agents, brokers, developers, landlords, property managers, REITs, and financial institutions are all involved in this complicated and diverse business. Like most businesses, real estate is affected by economic conditions, population changes, government policies, and technology. The global real estate sector will change how buildings are utilized, evaluated, and transacted in 2023 and beyond after a pandemic-driven course correction. Deloitte’s 2023 Commercial Real Estate Outlook found that 40% of global real estate CFOs expected to increase revenues in 2022, while 33% expected to cut expenses, citing high inflation, workforce management, and cyber as the most significant financial risks.
There are hundreds of commercial real estate firms around the world, but we made a list of the biggest ones, broken down by the number of workers, the total number of sales, the annual revenue, and the annual EBITDA.
The world’s most extensive commercial real estate services and investment firm is Los Angeles-based CBRE Group, Inc. (based on 2022 revenue). The 115,000-person organization services real estate investors and occupiers through over 480 offices worldwide.
Here are 10 of the largest public and private commercial real estate firms:
CBRE
CBRE provides facilities, transaction and project management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services, and development services.
- Employees: 115,000
- Sales: $290.2B in 2021
- 2022 revenue: $31.19B (0.03% up over 2021).
- 2022 yearly EBITDA: $1.55B (1% up than 2021)
At www.cbre.com
JLL
Jones Lang LaSalle Incorporated (JLL) is a multinational real estate services and investment management corporation known for its expertise. JLL is a trusted advisor and partner to clients seeking innovative real estate solutions in over 80 countries. Company services include property and facility management, leasing, project and development management, and investment management.
Employees: 103,000
Annual revenue: $20.9B (2022, up 11% from 2021).
2022 yearly EBITDA: $1.2B (14% lower than 2021)
Site: us.jll.com
Cushman Wakefield
Global commercial real estate firm Cushman & Wakefield provides outstanding value to real estate occupiers and owners. With 53,000 workers in 400 offices and 70 countries, it is a major commercial property management company.
The firm earned $9.58 billion in 2022 from property, facilities, project management, leasing, capital markets, valuation, and other services.
Workers: 53,000
Sales: $135.66B in 2021
2022 revenue: $9.58B (5.14% lower than 2021).
2022 yearly EBITDA: $630M (2% up from 2021).
Site: www.cushmanwakefield.com
Collier International
Colliers International Group Inc. is a global leader in commercial real estate, with over 18,000 qualified professionals in 68 countries. Colliers offers a wide variety of services to real estate occupiers, owners, and investors worldwide.
Strategic advice and implementation for property sales, leasing, finance, global corporate solutions, property, facility, and project management, workplace solutions, appraisal, valuation, tax consulting, customized research, and thought leadership consulting.
Employees: 18,000.
Sales: $89.75B in 2021
2022 yearly revenue: $4.32B (5.68% lower than 2021).
2022 yearly EBITDA: $480M
Website: www2.colliers.com
Newmark
Newmark Real Estate is a modern real estate services organization that offers a variety of commercial real estate solutions. Newmark provides investors, tenants, and property owners with skilled investment sales, leasing, property management, and valuation services using a strategic and client-centric approach.
Newmark has over 170 offices in established and emerging property markets on six continents with 7,000+ professionals.
Employees: 7,400
Sales: $73.83B in 2021
2022 revenue: $2.33B (14.02% lower than 2021).
EBITDA: $430M (2022, up 3% from 2021)
Website: nmrk.com
Equity Residential
$25.21 billion market cap
Chicago-based REIT Equity Residential (NYSE: EQR) acquires, develops, and manages residential properties in vibrant cities that attract high-quality long-term renters. On December 31, 2021, the firm owned or invested in 310 urban assets with 80,407 apartments. Equity Residential (NYSE: EQR) has unprecedented occupancy rates, say experts. The corporation has exposure to rising residential markets and can raise rents faster under high inflation.
AvalonBay Communities, Inc.
Market Cap: $25.84 billion
The public real estate investment trust AvalonBay Communities, Inc. (NYSE: AVB) develops, redevelops, acquires, and manages residential units. As of January 31, 2021, the corporation owns 79,856 apartments throughout New England, New York City, Washington, D.C., Seattle, and California.
Goodman Group
$26.71 billion market cap
Australian integrated commercial and industrial property conglomerate Goodman conglomerate (ASX: GMG) owns, develops, and maintains warehouses, extensive logistics facilities, business, and office parks worldwide. The 1967-founded corporation is a significant Australian property market participant with activities in Australia, New Zealand, Asia, Europe, and North America. Global heavyweights Amazon, Coles Group Ltd., DHL, and Walmart lease premises from its $77.8 billion portfolio.
China Overseas Land & Investment Limited:
$29.08 billion market cap
China State Construction Engineering Corporation Limited indirectly owns Hong Kong-based real estate behemoth China Overseas Land & Investment Limited (HKG:0688). The Property Development segment develops residential and commercial properties, the Property Investment segment invests in rental properties, and the Other Operations segment provides real estate management, construction, and building design consultancy services.
Alexandria Real Estate Equities
$29.59 billion market cap
Life science and technology tenants rent office buildings and laboratories from Alexandria Real Estate Equities, Inc. (NYSE: ARE). Alexandria Venture Investments invests in life sciences companies.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced an underwritten public offering of two tranches of senior notes on February 2, subject to market conditions. Alexandria Real Estate Equities, L.P., a 100% indirectly owned subsidiary of the corporation, will unconditionally guarantee these unsecured notes.
