Top Commercial Property Management Firms 2021
Find out which firms made CPE’s annual ranking of the leading service providers.
You can find the 2022 Top Property Management Firms here.
| Rank | Company | SF of Properties Managed (MSF) 2020 | SF of Properties Managed (MSF) 2019 | Owner/Third-Party Mgr. | Diversity |
| 1 | CBRE | 7,000.0 | 6,800.0 | M | O, I, R, X |
| 2 | Colliers International | 2,000.0 | 2,060.0 | M | O, I, R, M, Ho, X |
| 3 | JLL | 745.7 | 659.2 | M | O, I, R |
| 4 | Cushman & Wakefield | 793.0 | 760.0 | M | O, I, R, X |
| 5 | Avison Young | 336.6 | 368.5 | M | O, I, R, M, H, X |
| 6 | Hines | 256.7 | 232.4 | O/M | O, I, R, M, Ho, X |
| 7 | Brookfield Properties | 303.2 | – | O | O, I, R, M, Ho, X |
| 8 | Stream Realty Partners | 204.4 | 200.3 | O/M | O, I, R, H, X |
| 9 | Lincoln Property Co. | 218.2 | 184.1 | O/M | O, I, R |
| 10 | Newmark* | 182.4 | 145.8 | M | O, I, R, X |
| 11 | Duke Realty | 159.7 | 155.6 | O/M | I |
| 12 | Transwestern Real Estate Services | 205.5 | 220.5 | M | O, I, R, H, X |
| 13 | TCN Worldwide | 136.9 | – | O/M | O, I, R, M |
| 14 | Kidder Mathews | 71.7 | 73.7 | M | O, I, R, H |
| 15 | The RMR Group | 91.7 | 97.8 | M | O, I, R, H, X |
| 16 | Lee & Associates | 52.9 | 20.3 | M | O, I, R, H |
| 17 | BlackRock | 28.1 | 31.2 | O/M | O, I, R, M, H, Ho, X |
| 18 | The Inland Real Estate Group of Cos. | 30.5 | 30.0 | O | O, I, R, M, Ho, X |
| 19 | McCraney Property Co. | 11.2 | 10.3 | O/M | I |
| 20 | Foundry Commercial | 35.1 | 32.0 | O/M | O, I, R, H |
| 21 | Block Real Estate Services | 44.0 | 43.1 | O/M | O, I, R, M, H |
| 22 | The Related Cos. | 13.9 | – | O | O,R |
| 23 | RiverRock Real Estate Group | 39.6 | 27.4 | M | O, I, R |
| 24 | Levin Management Corporation | 16.0 | 15.5 | M | O, I, R |
| 25 | Tishman Speyer | 73.3 | 66.4 | O/M | O, X |
| 26 | The Woodmont Co. | 22.0 | 19.0 | O/M | O, R |
| 27 | SVN International Corp. | 60.4 | 58.2 | M | O, I, R, M, H, Ho, X |
| 28 | Ashley Capital | 29.3 | 26.5 | O/M | O, I |
| 29 | Holt Lunsford Commercial | 44.4 | 43.4 | M | O, I |
| 30 | FPA Multifamily | 5.5 | 5.5 | O | O, I, R, M, Ho |
* Newmark’s figures represent the firm’s North American operations only.
Key: O=Office, I=Industrial, R=Retail, M=Multifamily, H=Health care, Ho=Hospitality, X=Other
Though we make every effort to include all major property management companies, several notable firms (among them Prologis, Brixmor and Boston Properties) did not participate this year.
To be included in upcoming surveys, email Agota Felhazi at [email protected].
Mission-Critical Management
While retail, industrial and hospitality properties have been open for a few months, the future of the office sector remains to be seen.
So far, companies have taken several different approaches to returning to the office. A number remain fully remote, some are requiring employees in the office on a full-time basis, and others are focusing on a hybrid model. Whatever the scenario, companies are relying on property management teams more than ever to ensure a smooth transition
This year’s Top 30 Commercial Property Management Companies ranking is a mix of third-party service providers and owner-operators with a combined 13 billion square feet under management, about a 7 percent increase from 2019. The majority of these companies manage multiple asset types in multiple regions.
CBRE tops the list this year with 7 billion square feet under management—a 3 percent increase from last year. Rounding out the top three are Colliers International, with 2 billion square feet under management, and JLL with nearly 746 million square feet in its portfolio.
Eighty percent of the companies on the list managed more square footage in 2020 than 2019. The largest concentration of square footage was within the industrial sector, followed by office, multifamily and retail space.
Last year presented many challenges for owners and property managers across asset types, particularly in terms of elevated vacancies. Even so, those companies reporting vacancy had a weighted rate of 8.8 percent across their portfolios. The impacts of the pandemic, however, have likely not yet fully been realized, particularly in the office sector.
Methodology
The Top 30 Commercial Property Management Companies of 2021 ranking utilized self-reported data for all firms. The ranking was calculated using a weighted formula based on a variety of factors, including the total square footage and number of properties under management, property operations (both owned and managed) and presence across property sectors. The ranking represents what we feel is a logical balance between firm growth, market share and property diversity. Ranking factors are not limited to the data that appear on this page.
—Madeline Harper, Senior Research Analyst, Yardi Matrix
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