How many commercial real estate companies are there in the US?

How many businesses are there in the Commercial Real Estate industry in the US in 2021? There are 2,194,409 Commercial Real Estate businesses in the US as of 2021, an increase of 1.7% from 2020.

How big is the commercial real estate industry?

Global commercial property market size 2019-2020, by region

In 2020, the estimated value of the global commercial real estate market was approximately 32.6 trillion U.S. dollars, up from 30.3 trillion U.S. dollars in 2019.

What is the largest commercial real estate company in the United States?

CBRE. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s biggest commercial real estate services and investment firm (based on 2018 revenue).

How many companies are in the real estate industry?

The US real estate industry includes about 351,000 companies with combined annual revenue of about $469 billion. Demand for real estate is driven by population growth, personal income, employment rates, interest rates, and access to capital.

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Who owns the most commercial real estate?

The Top 4 Commercial Property Owners by Square Feet

  1. Prologis. Prologis is the top commercial real estate owner in the world, with almost 607 million square feet around the globe as of 2015, according to the 2015 Annual Report. …
  2. Blackstone Group. …
  3. Simon Property Group. …
  4. Duke Realty Corp.

How many commercial offices are there in the US?

In the U.S., 5.9 million commercial buildings contained 97 billion square feet of floor space in 2018—an increase of 56% in number of buildings and 90% in floor space since 1979. By 2050, commercial building floor space is expected to reach 124.3 billion square feet, a 33% increase from 2020.

What does CBRE stand for?

CB Commercial achieved significant global expansion with the 1998 acquisition of REI Limited, the international arm of Richard Ellis, which traces its roots to London in 1773. At this time, the company changed its name to CB Richard Ellis, or CBRE.

Is CBRE the biggest real estate company?

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2020 revenues of $23.8 billion and more than 100,000 employees (excluding affiliate offices).

Who is the largest real estate company?

Rankings by Total Assets

Rank Profile Type
1. China Evergrande Group Real Estate Company
2. Vonovia SE Real Estate Company
3. Wheelock and Company Real Estate Company
4. New World Development Co. Ltd Real Estate Company

What is the number one real estate company in the United States?

Top U.S. Real Estate Companies

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Rank Brokerage Name
1 Keller Williams Realty Brendan Bartic
2 Network Real Estate Partners Danielle Boling
3 RE/MAX Fine Properties Jennifer Wehner
4 Premiere Property Group, LLC Stephen FitzMaurice

What are cre companies?

Commercial real estate (CRE) is property that is used exclusively for business-related purposes or to provide a workspace rather than as a living space, which would instead constitute residential real estate. Most often, commercial real estate is leased to tenants to conduct income-generating activities.

What do commercial real estate companies do?

Commercial real estate brokers are experts in their field and help clients through the complex process of buying, selling, or leasing a commercial property, from searching for office space to focusing on the finer details of the transaction. Here are some of the main responsibilities of a commercial real estate broker.

Who are Cbre competitors?

CBRE competitors include Colliers International, Realogy Holdings, KBR and Cushman & Wakefield.