|
|
 |
|
Viewing report
|
|
|
|
Commercial Real Estate Brokerage and Management
First Research, Nov 2009, Pages: 10
First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the 'heavy lifting' by synthesizing hundreds of sources into an easy to digest format that a sales person can consume very quickly to better understand a prospect's business issues.
Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US commercial real estate brokerage and management industry includes about 25,000 companies with combined annual revenue of about $30 billion. Major companies include CB Richard Ellis, Jones Lang LaSalle, and Cushman & Wakefield. The industry is fragmented: the 50 largest companies account for one-third of industry revenue.
The industry includes sales and leasing brokers and agents for nonresidential property, as well as property managers. Many companies combine these functions. Owners of commercial property who perform their own leasing and property management aren't included in this industry. Commercial real estate financing is not included in this industry.
COMPETITIVE LANDSCAPE
Demand, which is driven by the volume of commercial real estate transactions, is heavily influenced by real estate vacancy rates. The profitability of individual companies depends on efficient operations. Large companies have advantages in performing a full range of services in multiple markets. Small companies can compete effectively by specializing in local markets. Average annual revenue per worker is over $200,000 for brokers and agents, but under $100,000 for property managers, reflecting the more labor-intensive nature of the business.
PRODUCTS, OPERATIONS & TECHNOLOGY
Commercial real estate brokers and agents buy and sell commercial real estate property and lease space within commercial buildings. Most owners of commercial real estate property, including individuals, companies, and REITs, don't occupy their property but instead lease space to others.
Property managers are typically involved in the day-to-day operations of a commercial property, ...
Customers who bought this item also bought
Commercial Real Estate Brokerage and Management - Industry Profile
Real Estate Brokerage and Management - Industry Profile
The 2009-2014 Outlook for Real Estate Services Excluding Lessors of Real Estate and Offices of Real Estate Agents and Brokers in Greater China
The 2009-2014 Outlook for Real Estate Services Excluding Lessors of Real Estate and Offices of Real Estate Agents and Brokers in Japan
The 2009-2014 Outlook for Real Estate Services Excluding Lessors of Real Estate and Offices of Real Estate Agents and Brokers in India
Industry Insight- Indian Commercial Real Estate 2007
The 2009-2014 Outlook for Offices of Real Estate Agents and Brokers in India
The 2009-2014 Outlook for Offices of Real Estate Agents and Brokers in Japan
The 2007-2012 World Outlook for Real Estate Services Excluding Lessors of Real Estate and Offices of Real Estate Agents and Brokers
Global Real Estate
Real Estate Investment Trusts (REITs)
Estate Agents Market Report 2008
|
|
|
|
