Top Commercial Property Management Companies of 2025

You can also read our other Top Property Management Firms rankings.

Key: O=Office, I=Industrial, R=Retail, M=Multifamily, He=Health care, Ho=Hospitality, X=Other

Though we make every effort to include all major commercial property management companies, several notable firms (among them NAI Global, JLL and Sansone Group) did not participate this year.

To be included in upcoming surveys, email Agota Felhazi at agota.felhazi@cpe-mhn.com.

Property Management by the Numbers: Who’s Growing, Who’s Leading 

With transaction markets still challenging, some investors have turned their focus toward maximizing returns from the assets they already have.

One key strategy is finding the right property management company. CPE’s 2025 Top Commercial Property Management Firms ranking features both third-party service providers as well as owner-operators. Together, these leading firms oversaw nearly 13.3 billion square feet of income-generating properties in 2024.

CBRE emerged as the leader once again, with an impressive portfolio of 7.7 billion square feet, exceeding the combined portfolios of all other firms in the ranking. Most companies increased their footprints by an average of 10.3 percent year-over-year. Roughly half of them have been on a growth trend since 2022.

Most participants oversaw a diverse range of asset types. The top 30 had 4.4 billion square feet of industrial space under management; more than 3.8 billion square feet of office space; and over 2.5 billion square feet of asset types falling under the “Other” category—including hospitality, data centers, flex and life science, among others.

Among the top 30, Lincoln Property Co. was the fastest-growing firm, increasing its square footage under management from 401.2 million in 2023 to 601.2 million in 2024, and marking a 49.9 percent improvement. Harbor Group International also recorded remarkable growth at 30.2 percent, going from 4.6 million square feet managed in 2023 to nearly 6 million square feet in 2024. Meanwhile, Newmark grew its square feet under management by 13 percent—from 276 million square feet to almost 316 million square feet.

1. CBRE

CBRE ranked first in 2025 in property management and brokerage and placed second when it came to lending. The firm oversaw a global management portfolio of 7.7 billion square feet in the past year, up 5.5 percent compared to 2023. The firm’s largest concentration was industrial assets, closely followed by office. But it also provided property management to other commercial real estate types, such as health care, hospitality and data centers. One of the aspects CBRE’s 16,000 employees keep in mind is sustainability.

2. Colliers

Colliers placed second with 2.1 billion square feet of commercial real estate under management. The full-service commercial real estate firm reduced their reach by 20.6 percent year-over-year. Out of the 30,345 properties overseen, Colliers primarily managed industrial and office assets but also had experts to oversee government-leased properties or offer guidance when it comes to receivership. Colliers was also among our top brokerage firms for the year.

3. Cushman & Wakefield

Cushman & Wakefield attained third place with a management portfolio spanning more than 1.1 billion square feet, up 5.5 percent year-over-year. Industrial and office assets made up the bulk of 8,550 properties the commercial real estate services provider had under management. With a network of 52,000 professionals Cushman & Wakefield can deliver local market knowledge worldwide. The firm was also one of our top lenders and top brokerage firms.

4. Lincoln Property Co.

Lincoln Property Co. secured fourth place with more than 601.2 million square feet of commercial real estate under management. The Dallas-based company was the fastest-growing firm in our ranking, increasing their portfolio by a stunning 49.9 percent compared to 2023 and by a striking 117.8 percent compared to 2022. Lincoln Property Co. was also the first company in the top 10 that has in-house property management and offers third-party services.

5. Newmark

Newmark achieved fifth place with a portfolio encompassing nearly 316 million square feet under management, up an impressive 14.5 percent year-over-year. Most of the commercial real estate advisory and services firm’s portfolio totaling 11,246 properties was concentrated in the office sector. Newmark previously secured the top lender spot and was among our top brokerage firms as well.

6. Transwestern

Transwestern ranked sixth with 244.5 million square feet under management, up 0.8 percent year-over-year. The bulk of the 963 properties overseen by its network of 33 offices nationwide was focused in the office sector, but their experience also extended to life sciences properties as well as flex space, among others. Transwestern was also among our top brokerage firms facilitating both investment sales and lease transactions.

7. Stream Realty Partners

Stream Realty Partners claimed seventh place overseeing more than 210.8 million square feet of commercial real estate space across 823 properties. The firm increased its footprint by a notable 12.8 percent year-over-year. Industrial assets made up the vast majority of Stream Realty Partners’ portfolio. The company also earned a top spot among our top brokerage firms handling both sales and leasing activity.

8. Hines

Hines secured eighth place with 202.9 million square feet of space under management, up 7.9 percent year-over-year. The Houston-based company oversaw nearly 112.4 million square feet as an owner-operator and provided third party services for roughly 90.5 million square feet of space. Hines primarily managed office and industrial properties. The firm also secured a spot among our top owners and top developers.

9. TCN Worldwide

TCN Worldwide attained ninth place. The company oversees a commercial real estate portfolio totaling 122.4 million square feet—down 3.3 percent year-over-year. Most of the properties under management were retail assets, closely followed by office properties as well as a significant share of industrial. TCN Worldwide also earned a place among the top 10 on our top brokerage firms ranking.

10. The RMR Group

The RMR Group slotted into 10th place with a management portfolio encompassing 106.1 million square feet, down 6.9 percent year-over-year. Among our top 10, The RMR Group had the most well-balanced asset allocation across office, industrial, retail, multifamily, healthcare and hospitality sectors. The company also managed medical office and life sciences assets, all while maintaining an impressive 95. 7 percent occupancy rate across their entire portfolio.  

Methodology

The Top Commercial Property Management Companies of 2025 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 under management, portfolio occupancy, growth over the years, 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 2025 issue of CPE.