Multi Housing News July 2012 : Page 17
research Most Powerful Brokerage Firms Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Company CBRE Group Inc. Colliers International Cushman & Wakefi eld Inc. Cassidy Turley Newmark Grubb Knight Frank Eastdil Secured LLC Marcus & Millichap Holliday Fenoglio Fowler LP NAI Global TCN Worldwide ARA (Apartment Realty Advisors) Coldwell Banker Commercial Lee & Associates Transwestern CORFAC International Prudential Real Estate Affi liates Inc. Voit Real Estate Services Cresa Studley Massey Knakal Realty Services Kidder Mathews Henry S. Miller Brokerage LLC SRS Real Estate Partners Travers Realty Corp. Blanca Commercial Real Estate Inc. No. of Brokers -* 4,820 2,353 940 --1,033 191 7,000 -105 -651 389 882 275 125 509 660 44 199 91 97 12 5 Total Invst. Sales Volume $92,500,000,000 37,172,000,000 43,100,000,000 10,216,000,000 64,300,000,000 46,100,000,000 17,036,061,000 12,637,606,000 14,000,000,000 12,530,985,045 6,027,261,960 3,289,014,443 2,582,263,833 2,900,000,000 1,896,605,479 1,175,214,000 1,031,806,000 -710,000,000 793,000,000 429,876,895 146,000,000 48,121,911 -17,000,000 Total Leases 2011 48,500 54,724 29,798 16,900 ----25,625 8,997 -7,592 7,324 4,710 7,776 2,270 1,553 7,450 3,437 14 1,763 319 834 345 48 Real Estate Research Indexes/ Rankings FROM MULTI-HOUSING NEWS AND COMMERCIAL PROPERTY EXECUTIVE Real Estate Economy Empowers Brokers There are really two economies, in our view: the U.S. economy and the real estate economy. And there is no better indicator of improving eco-nomic conditions than the production levels of commercial real estate brokers. When the stars in the real estate sky fi nally realigned in the wake of the recession, the most powerful fi rms in the 2012 MHN-CPE Most Powerful Brokerage Firms Index found a way to take advantage of the long-dormant demand for space, units and vacant shells and closed transactions in all of the Total Investment Sales Volume major sectors. Market conditions are notice-(USD) by Property Sector ably different than when we last 3.1% 3.2% ran this survey a year ago. The economy is now brighter, the 11.0% Office levels of transactions are more Multifamily 37.7% encouraging and the view in the Retail 22.1% industry seems to indicate more Industrial of a bias toward action. Land Other One of the more interesting 22.9% points the survey data revealed was that there hasn’t been either a large loss or gain in the number of brokers and offi ces. It indicated both effi cient use of brokers and a commitment to existing team members, signaling that layoffs and other forms of distress may be behind us. The top fi rms in our index have several other factors in common, as well. They broadly cover all of the surveyed property sectors, and have continued to demonstrate that they are masters of their universe when it comes to the primary sectors. And their focus on various facets of the business—in particular, leasing, investment sales, and consulting and advisory services—is balanced. Many of these fi rms are widely con-sidered to be the most powerful in the business; to see their combined totals, reported activities and areas of expertise proves it. Methodology The 2012 MHN-CPE Most Powerful Brokerage Firms Index was designed to evaluate how the leading fi rms are responding to current market condi-tions and what their relative levels of activity have been in key areas. To keep the results balanced, we took into account the differences between what both public and private fi rms could report, but where possible we incorporated publicly available as well as submitted information about individual fi rms into our analysis. Our consideration of each fi rm included such factors as their current levels of broker employment and number of offi ces, as well as how this data has changed over time. We also consid-ered activity in all of the property sectors—including offi ce, retail, indus-trial, multifamily, healthcare, student housing, seniors housing, mixed-use and other property combinations. We examined revenue sources for leasing, investment sales, and consulting and advisory services, along with the size and scale of their book of business. —Jack Kern, Research Editor * While CBRE Group Inc. does not track their specifi c number of brokers, there are currently 34,000 employees at the company. Jones Lang LaSalle Inc., which declined to submit to our 2012 survey, ranked in the fourth spot in our 2011 Brokerage Firms Index. To be included in upcoming surveys, contact Mike Ratliff at mratliff@multi-housingnews.com. MultiHousingNews.com/MHNRadio Tune in to MHN Radio to hear Jack Kern and Mike Ratliff dissect current trends in the brokerage community. www.multi-housingnews.com | July 2012 17
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