Top Commercial Property Management Companies of 2024
You can also read our other Top Property Management Firms rankings.
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 Avison Young, SVN International and Prologis) did not participate this year.
To be included in upcoming surveys, email Agota Felhazi at agota.felhazi@yardi.com.
Agents of Change in Turbulent Times
From making office spaces worth the commute to streamlining the experiential retail environment, leading commercial property management firms continue to adapt to shifting economic conditions and tenant needs.
In addition to employing traditional management best practices, managers are embracing new technologies, including artificial intelligence, to increase efficiencies, minimize disruptions and save costs.
As in previous years, the CPE Top Commercial Property Management Firms ranking includes third-party providers and owner-operators. Collectively, these companies managed more than 20.1 billion square feet of income-producing properties in 2023.
CBRE maintained its top position with a global portfolio encompassing 7.3 billion square feet under management. The firm primarily manages industrial properties, followed by office, retail, health care, hospitality, data centers and multifamily.
Cushman & Wakefield and Colliers secured the second and third positions, managing portfolios of more than 6.1 billion and nearly 2.6 billion square feet, respectively. Lincoln Property Co. expanded the fastest between 2022 and 2023. Other companies with notable growth during this period include Newmark, BKM Capital Partners, Foundry Commercial and Cushman & Wakefield.
Overall, 60 percent of the commercial property management firms on the list increased their portfolios compared to the previous year. Additionally, 76.7 percent expanded compared to their 2021 figures. Most firms on the list manage a variety of asset types. The highest concentration is in industrial properties followed by office and retail.
Methodology
The Top Commercial Property Management Firms of 2024 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 among firm growth, market share and property diversity. Ranking factors are not limited to the data that appears on this page.
—Agota Felhazi, Senior Associate Editor
Read the August 2024 issue of CPE.
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