Top 20 Commercial Real Estate Brokerages

Commercial real estate companies and brokerage firms provide services for investors, owners and tenants by combining local market insight, specialized expertise, premier tools and resources. They assist clients with all things real estate and cater to their individual needs.

While there are hundreds of commercial real estate companies worldwide, we compiled a list of the largest brokerages in the commercial real estate industry broken down by number of employees, total sales, annual revenue, and EBITDA.

Here are 20 of the largest commercial real estate firms, including both public and private companies:

CBRE

CBRE Group, Inc., a Fortune 500 and S&P 500 commercial real estate company headquartered in Los Angeles, is the world’s biggest commercial real estate services and investment firm (based on 2023 revenue). The company has more approximately 115,000 employees and serves real estate investors and occupiers through more than 480 offices worldwide.

CBRE offers a broad range of integrated services including facilities, transaction and project management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services and development services.

• Employees: 115,000
• 2023 net income: $986M
• 2023 annual revenue: $39.95B (3.64% increase from 2022)
• 2023 annual EBITDA: $2.2B (24.25% decrease from 2022)

Website: www.cbre.com

JLL

JLL, or Jones Lang LaSalle Incorporated, is a global real estate services and investment management company, renowned for its professional expertise in the real estate industry. With a presence in over 80 countries, JLL operates as a trusted advisor and partner to clients seeking innovative solutions for their real estate needs. The company’s diverse services encompass property and facility management, leasing, project and development management, and investment management.

• Employees: 103,000
• 2023 net income: $226.2M
• 2023 annual revenue: $20.76B (0.49% increase from 2022)
• 2023 annual EBITDA: $736.7M (40.94% decrease from 2022)

Website: www.us.jll.com

Cushman & Wakefield

Cushman & Wakefield is a global commercial real estate firm delivering exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest commercial property management companies worldwide with approximately 53,000 employees in 400 offices and 70 countries.

In 2023, the firm had revenue of $9.49 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.

• Employees: 53,000
• 2023 net income: $205.6M
• 2023 annual revenue: $9.49B (6.06% decrease from 2022)
• 2023 annual EBITDA: $570.1M (36.57% increase from 2022)

Website: www.cushmanwakefield.com

Colliers International

Colliers International Group Inc. is an industry leading global commercial real estate company with more than 18,000 skilled professionals operating in 68 countries. Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide.

Services include strategic advice and execution for property sales, leasing and finance, global corporate solutions, property, facility and project management, workplace solutions, appraisal, valuation and tax consulting, customized research, and thought leadership consulting.

• Employees: 18,000
• 2023 net income: $132.6M
• 2023 annual revenue: $4.34B (2.79% decrease from 2022)
• 2023 annual EBITDA: $595M (5.63% decrease from 2022)

Website: www2.colliers.com

Newmark

Newmark Real Estate is a dynamic real estate services firm that specializes in providing a wide range of solutions to clients across the commercial real estate landscape. Leveraging a strategic and client-centric approach, Newmark excels in investment sales, leasing, property management, and valuation services, offering expertise to investors, tenants, and property owners.

Newmark’s 7,000+ professionals operate from more than 170 offices in established and emerging property markets on six continents.

• Employees: 7,400
• 2023 net income: $62.4M
• 2023 annual revenue: $2.47B (8.69% decrease from 2022)
• 2023 annual EBITDA: $430M (3% increase from 2022)

Website: www.nmrk.com

Marcus & Millichap

Marcus & Millichap was founded in 1971 with the goal of being a new kind of commercial real estate company – one driven by long-term relationships and built on a culture of collaboration.

They are the industry’s largest firm specializing in real estate investment sales and financing, with over 80 offices and nearly 2,000 investment sales and financing professionals throughout the United States and Canada.

• Employees: 2,000
• 2023 total sales: $43.6B

Website: www.marcusmillichap.com

Avison Young

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in over 100 offices in 15 countries.

The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.

• Employees: 5,000
• 2023 total sales: $15.7B
• 2023 annual revenue: $5.1B

Website: www.avisonyoung.com

Lee & Associates

Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada.

Every Lee & Associates office delivers world class service to an array of regional, national and international clients – from small businesses and local investors to major corporate users and institutional investors.

• Employees: 1,400
• 2023 annual revenue: $106.8M

Website: www.lee-associates.com

TCN Worldwide

TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. TCN Worldwide ranks as one of the largest service providers in the industry.

Across all property types and service groups, TCN Worldwide’s 5,500+ brokers and salespeople have a well-earned reputation for independent thinking and cooperative problem-solving in more than 200 markets worldwide.

• Employees: 5,500
• 2023 net income: $121.8M
• 2023 annual revenue: $1.15B (29.75% decrease from 2022)
• 2023 annual EBITDA: $560M (8% increase from 2022)

Website: www.tcnworldwide.com

SVN International

SVN International, a full-service commercial real estate franchisor of the SVN® brand, is comprised of over 2,000 commercial real estate Advisors and staff, in more offices in the United States than any other commercial real estate firm and continues to expand across the globe.

With over 200 offices serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe.

• Employees: 2,000
• 2023 total sales: $21.10B

Website: www.svn.com

Berkadia

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

Berkadia is amongst the largest, highest rated and most respected primary, master and special services in the industry.

• Employees: 2,900
• 2023 annual revenue: $633.4M

Website: www.berkadia.com

Northmarq

Northmarq Real Estate is a prominent real estate services company that operates at the intersection of investment, finance, and property management. With a focus on commercial real estate, Northmarq offers a comprehensive suite of services, including capital markets, investment sales, debt and equity financing, asset management, and advisory services.

With over 1,000 professionals around 40 offices across the country, Northmarq foster’s a culture of collaboration, communication and creativity in the pursuit to deliver an exceptional client experience.

• Employees: 1,100
• 2023 total sales: $37B

Website: www.northmarq.com

Coldwell Banker Commercial

Coldwell Banker Commercial® (CBC) is a worldwide leader in the commercial real estate industry, and is part of the oldest and most respected national real estate brand in the country, Coldwell Banker Real Estate.

With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization is comprised of approximately 3,100 agents working in approximately 200 companies throughout the U.S., as well as internationally.

• Employees: 3,100
• Operates in 39 countries

Website: www.cbcworldwide.com

Kidder Mathews

Kidder Mathews is the largest independent commercial real estate firm on the West Coast with 900 professionals in 20 offices across 5 states.

They offer a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt and equity finance services for all property types.

• Employees: 900
• 2023 total sales: $10B

Website: www.kidder.com

Transwestern

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service. Specializing in agency leasing, asset services, occupier solutions, capital markets and research, their fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types.

They leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 33 U.S. offices and assists clients from more than 219 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore.

• 33 U.S. offices
• 2023 total sales: $3.76B

Website: www.transwestern.com

Matthews

Matthews Real Estate is a firm that specializes in providing comprehensive and innovative solutions across the real estate spectrum. Matthews Real Estate engages in property development, investment, and management, offering a diverse portfolio of residential, commercial, and industrial properties.

Since 2015, Matthews has experienced unprecedented growth adding over 600 real estate professionals to serve clients. Founded in El Segundo, CA, and strategically positioned in 20+ offices across the United States, they continue to expand into new markets.

• Employees: 800
• 20 U.S. offices

Website: www.matthews.com

Stream Realty

Stream Realty is a leading real estate services and investment firm that provides innovative solutions across the entire real estate lifecycle. With a focus on delivering exceptional value to clients, Stream Realty offers a diverse range of services, including leasing, property management, development, and investment services.

Since its inception in 1996, Stream has grown to over 1,300 talented experts in 15 key markets across the nation.

• Employees: 1,300
• 2023 total sales: $6.9B

Website: www.streamrealty.com

Greysteel

With a focus on multifamily and retail properties, Greysteel excels in investment sales, leasing, and capital markets transactions. Leveraging a combination of market expertise and innovative technology, the company assists property owners, investors, and developers in navigating the complexities of the real estate landscape.

• Employees: 120
• 2023 total sales: $10B

Website: www.greysteel.com

Lyon Stahl

Lyon Stahl is committed to delivering personalized and strategic solutions, utilizing cutting-edge technology and market insights to optimize outcomes for both buyers and sellers.

Lyon Stahl conducts business in the Los Angeles area with 4 offices and 80 real estate professionals.

• Employees: 80
• 2023 total sales: $3.15B

Website: www.lyonstahl.com

Voit Real Estate Services

Voit offers a wide range of services, including leasing, acquisitions, dispositions, asset management, and strategic consulting. The company’s seasoned team of professionals combines deep market knowledge with modernized strategies to optimize real estate portfolios and enhance property values.

With over 250 employees across 10 different offices in the Southern California area, Voit has earned a reputation as one of the top brokerages in the state.

• Employees: 250
• 53,500 all-time deals

Website: www.voitco.com