Largest Commercial Property Management Companies: A Comprehensive Guide

As the real estate industry continues to grow, the demand for commercial properties is also on the rise. This has led to an increase in the number of commercial property management companies worldwide. These companies provide a range of services, including tenant management, maintenance, and leasing, to ensure that commercial properties are well-maintained and profitable. In this article, we’ll take a look at some of the largest commercial property management companies in the world, based on their revenue.

Criteria for Ranking the Largest Commercial Property Management Companies

Before we dive into the list of the largest commercial property management companies, it’s important to understand the criteria used to rank them. The following factors were considered:

  • Revenue: The total revenue generated by the company in the past year.
  • Number of properties managed: The total number of properties managed by the company worldwide.
  • Geographic reach: The number of countries and regions the company operates in.
  • Years in business: The number of years the company has been in the commercial property management industry.
  • Customer satisfaction: The overall satisfaction of the company’s clients.

The Largest Commercial Property Management Companies in the World

1. CBRE Group

CBRE Group is the largest commercial property management company in the world, with a revenue of $21.3 billion in 2020. The company manages over 5.5 billion square feet of commercial property worldwide, and operates in more than 100 countries. CBRE Group has been in business for over 120 years and has a strong reputation for providing high-quality services to its clients.

Key Services:

CBRE Group offers a range of services to its clients, including property management, leasing, and tenant management. The company also provides advisory services to help clients make informed decisions about their real estate investments.

Important Notes:

CBRE Group has been recognized as one of Fortune’s Most Admired Companies for eight consecutive years. The company is also committed to sustainability and has set a goal to achieve carbon neutrality by 2040.

2. Jones Lang LaSalle (JLL)

Jones Lang LaSalle (JLL) is the second-largest commercial property management company in the world, with a revenue of $16.6 billion in 2020. The company manages over 4.6 billion square feet of commercial property worldwide, and operates in over 80 countries. JLL has been in business for over 250 years and has a strong reputation for providing innovative solutions to its clients.

Key Services:

JLL offers a range of services to its clients, including property management, leasing, and facility management. The company also provides advisory services to help clients optimize their real estate investments.

Important Notes:

JLL is committed to sustainability and has set a goal to achieve net-zero carbon emissions by 2040. The company has also been recognized as one of the World’s Most Ethical Companies by the Ethisphere Institute for 14 consecutive years.

3. Colliers International

Colliers International is the third-largest commercial property management company in the world, with a revenue of $3.3 billion in 2020. The company manages over 2 billion square feet of commercial property worldwide, and operates in over 60 countries. Colliers International has been in business for over 40 years and has a strong reputation for providing personalized services to its clients.

Key Services:

Colliers International offers a range of services to its clients, including property management, leasing, and tenant representation. The company also provides advisory services to help clients make informed decisions about their real estate investments.

Important Notes:

Colliers International has been recognized as one of the Top 100 Most Sustainable Companies in the World by Corporate Knights for three consecutive years. The company is also committed to diversity and inclusion and has set a goal to achieve gender parity in leadership roles by 2025.

4. Cushman & Wakefield

Cushman & Wakefield is the fourth-largest commercial property management company in the world, with a revenue of $8.5 billion in 2020. The company manages over 3.6 billion square feet of commercial property worldwide, and operates in over 60 countries. Cushman & Wakefield has been in business for over 100 years and has a strong reputation for providing innovative solutions to its clients.

Key Services:

Cushman & Wakefield offers a range of services to its clients, including property management, leasing, and tenant representation. The company also provides advisory services to help clients optimize their real estate investments.

Important Notes:

Cushman & Wakefield is committed to sustainability and has set a goal to achieve net-zero carbon emissions by 2050. The company has also been recognized as one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation for three consecutive years.

5. Newmark Knight Frank (NKF)

Newmark Knight Frank (NKF) is the fifth-largest commercial property management company in the world, with a revenue of $2.3 billion in 2020. The company manages over 1.9 billion square feet of commercial property worldwide, and operates in over 50 countries. NKF has been in business for over 90 years and has a strong reputation for providing customized solutions to its clients.

Key Services:

NKF offers a range of services to its clients, including property management, leasing, and tenant representation. The company also provides advisory services to help clients make informed decisions about their real estate investments.

Important Notes:

NKF is committed to sustainability and has set a goal to achieve carbon neutrality by 2030. The company has also been recognized as one of the Best Places to Work for Disability Inclusion by the Disability Equality Index for two consecutive years.

Other Notable Commercial Property Management Companies

While the above-listed companies are the largest commercial property management companies in the world, there are several other notable companies worth mentioning. These include:

  • Colony Capital: A global investment firm that manages over $50 billion in assets, including commercial properties.
  • Hines: A privately-held real estate investment firm that manages over 500 properties worldwide.
  • Grosvenor Group: A privately-held property investment and development company that manages over £17 billion in assets.
  • Brookfield Asset Management: A global asset management company that manages over $500 billion in assets, including commercial properties.

People Also Ask: Answering Common Questions about Commercial Property Management Companies

What is a commercial property management company?

A commercial property management company is a company that specializes in managing commercial properties, such as office buildings, retail spaces, and industrial properties. These companies provide a range of services, including tenant management, maintenance, and leasing, to ensure that commercial properties are well-maintained and profitable.

What do commercial property management companies do?

Commercial property management companies provide a range of services to their clients, including property management, leasing, and tenant management. They are responsible for ensuring that commercial properties are well-maintained and profitable, and for providing solutions to any issues that arise.

How do I choose a commercial property management company?

When choosing a commercial property management company, it’s important to consider factors such as the company’s reputation, experience, and expertise. You should also look for a company that offers the services you need and has a strong track record of success.

What are the benefits of using a commercial property management company?

Using a commercial property management company can offer several benefits, including:

  • Reduced stress and workload for property owners
  • Better tenant management and retention
  • Increased property value and profitability
  • Access to industry expertise and resources

Conclusion

Commercial property management companies play a critical role in ensuring that commercial properties are well-maintained and profitable. The largest companies in the industry, such as CBRE Group and Jones Lang LaSalle, have a strong reputation for providing high-quality services to clients worldwide. While choosing a commercial property management company can be challenging, considering factors such as experience and expertise can help property owners make an informed decision.

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