2022 Most Powerful Brokerage Firms

3 min read

MHN unveils the 20 leading firms overall in our latest annual ranking.

You can also read our other Powerful Brokerage Firms rankings.

Rank Company 2021 Investment Sales Volume ($MM) No. of Brokers Property Types
1 CBRE $388,700.00 O, I, R, M, X
2 Cushman & Wakefield $160,000.00 6,847 O, I, R, M, X
3 Newmark $131,617.08 1,877 O, I, R, M, H, Ho, St, Se, X
4 Marcus & Millichap $84,400.00 1,994 O, I, R, M, H, Ho, St, Se, X
5 NAI Global $17,000.00 5,100 O, I, R, M, H, Ho, St, Se
6 Avison Young $20,400.00 2,101 O, I, R, M, X
7 Lee & Associates Commercial Real Estate Services $16,704.19 1,150 O, I, R, M, X
8 TCN Worldwide $26,872.47 1,500 O, I, R, M, H, Ho, X
9 SVN International Corp. $20,400.00 1,420 O, I, R, M, X
10 Berkadia $26,698.19 141 O, R, M, H, Ho, St, Se, X
11 Matthews Real Estate Investment Services $8,340.00 300 O, I, R, M, H, X
12 Northmarq $11,747.96 64 M
13 Coldwell Banker Commercial $9,200.00 2,678 O, I, R, M, Ho, St, X
14 Transwestern Real Estate Services $4,211.52 405 O, I, R, M, H, Ho, X
15 SRS Real Estate Partners $3,351.85 175 O, I, R, H, Ho, X
16 Kidder Mathews $5,541.07 467 O, I, R, M, H, Ho, X
17 Stream Realty Partners $1,981.07 199 O, I, R, H, X
18 Rosewood Realty Group $2,110.00 36 R, M
19 Global Real Estate Advisors (GREA) $4,251.47 M
20 Voit Real Estate Services $1,739.95 130 I, M, X

Note: The following noteworthy firms did not submit responses: JLL, Colliers and Eastdil Secured.

Key: O=Office, I=Industrial, R=Retail, M=Multifamily, H=Health Care, Ho=Hospitality, St=Student Housing, Se=Senior Housing, X=Other

To be included in upcoming surveys, email Agota Felhazi at [email protected].

Record-Breaking Year for Multifamily

The multifamily sector had a year of unexpectedly exceptional performance in 2021. National occupancy rates hit record highs–up to 96 percent in the second half of the year—and rents climbed 13.5 percent, according to Yardi Matrix data. Property values continued to rise while mortgage rates were at historical lows, making the multifamily market a hotbed of investment activity.

Multifamily sales volume reached record levels in 2021 at $166 billion, a 55 percent increase from 2020. Fourth-quarter sales topped the charts at $65 billion, over three times the sales in the first quarter of 2019, proving that multifamily sales have more than recovered from pandemic lows.

Our 2021 Most Powerful Brokerage Firms ranking highlights the firms that were behind the lion’s share of those sales transactions. These firms showed a monumental combined annual sales volume of more than $951 billion across all property types.

CBRE retained its longstanding top position in this year’s overall ranking, with total investment sales volume for 2021, more than doubling 2020 sales at $389 billion, a 53 percent increase from 2020. Cushman & Wakefield and Newmark round out the top three for the second year in a row, with a respective $160 billion and $131 billion in 2021 sales volumes. Both firms experienced a 45 percent increase in sales in 2021.

Of those companies surveyed, the largest percentage of investment sales volume occurred in the multifamily sector, followed by industrial, retail and office. Sales volumes across asset types increased by an average of 49 percent.

—Jen Mix, Senior Research Analyst, Matrix Content Development

Methodology

Multi-Housing News’ ranking of the Most Powerful Brokerage Firms is based on self-reported data from all firms. We used a weighted formula, considering various factors including a firm’s performance in 2021 and previous years, investment sales volume and other details. The ranking represents what we feel is a logical balance between firm growth and market share. Ranking factors are not limited to the data that appear on this page.

 

Read the June 2022 issue of MHN.

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