|Rank||Company||SF of Properties Managed (MSF) 2021||SF of Properties Managed (MSF) 2020||Owner/Third-Party Mgr.||Diversity|
|1||CBRE||7,100.00||7,000.00||M||O, I, R, H, Ho, X|
|2||Cushman & Wakefield||4,811.00||4,056.00||M||O, I, R, X|
|3||JLL||2,670.66||2,000.00||M||O, I, R|
|4||Colliers||2,457.88||760.0||M||O, I, R, M, H, Ho, X|
|5||Lincoln Property Co.||296.00||253.10||O/M||O, I, R, M, H, X|
|6||Hines||308.09||325.24||O/M||O, I, R, M, Ho, X|
|7||Newmark||204.39||182.37||M||O, I, R, X|
|8||Avison Young||235.00||336.60||M||O, I, R, M, H, X|
|9||Transwestern Commercial Services||214.96||205.54||M||O, I, R, H, X|
|10||TCN Worldwide||144.47||–||O/M||O, I, R, M|
|11||Stream Realty Partners||131.15||204.43||O/M||O, I, R, H, X|
|12||SVN International Corp.||63.33||60.36||M||O, I, R, M, H, Ho, X|
|13||RiverRock Real Estate Group||41.48||39.64||M||O, I, R|
|14||Foundry Commercial||38.90||34.36||O/M||O, I, R, X|
|15||Tishman Speyer||70.05||73.32||O/M||O, I, X|
|16||The RMR Group||91.20||91.71||M||O, I, R, H, X|
|17||The Inland Real Estate Group of Cos.||32.80||30.50||O||O, I, R, M, H, Ho, X|
|18||The Woodmont Co.||24.00||22.00||O/M||O, R|
|19||HSA Commercial Real Estate||15.86||14.05||O/M||O, I, R, H, X|
|20||Ashley Capital LLC||30.48||29.28||O/M||O, I|
|21||FPA Multifamily||5.80||5.50||O||O, I, R, M, Ho|
|22||Kidder Mathews||61.85||71.74||M||O, I, R, H, X|
|23||Vornado Realty Trust||34.50||34.40||O||O, R|
|25||Levin Management Corp.||16.00||16.00||M||O, I, R|
|26||Related Cos.||19.85||18.93||O/M||O, R, Ho, X|
|27||Billingsley Co.||5.79||5.40||O||O, I, R, M|
|28||Coreland Cos.||6.98||6.24||M||O, R|
|29||Quine & Associates Inc.||6.90||6.46||M||I, R|
|30||Sansone Group||6.56||6.76||M||O, I, R, H|
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, Brookfield Properties and Duke Realty) did not participate this year.
To be included in upcoming surveys, email Agota Felhazi at [email protected].
Overcoming New Challenges
The last few years have presented many new challenges for owners and property managers across commercial real estate asset types. Industrial, retail and hospital properties have been open for the past year; however, there are still some unknowns about how the pandemic will impact the office sector, especially in the long-term.
While return-to-office plans were limited in 2021 due to COVID-19 variants, more companies have announced plans to bring employees back in 2022. Whether returning to the office full-time or with a hybrid schedule, the importance of effective property management in ensuring seamless building operations continues to be key for office properties.
As in previous years, the Top 30 Commercial Property Management Companies of 2022 ranking is a mix of third-party providers and owner-operators. This year’s list of top 30 companies has a combined 19 billion square feet under management this year, roughly a 20 percent increase from what these participants reported managing in 2020.
CBRE leads the list with 7.1 billion square feet under management, about a 1 percent increase from the previous year. The majority of CBRE’s management portfolio is concentrated in the office sector, followed by industrial and retail.
Cushman & Wakefield and JLL round out this year’s top three, with portfolios at a respective 4.8 billion and 2.7 billion square feet. Colliers dropped to fourth place, after placing in the top three for the last couple of years.
Seventy percent of the companies on the top 30 list reported managing more square footage in 2021 than 2020. The majority of these companies manage multiple asset types in numerous regions, which means it is crucial for property managers to remain flexible in their strategies as the impacts of the pandemic become fully realized over the coming years, particularly in the office sector.
The Top 30 Commercial Property Management Companies of 2022 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.
—Claire Spadoni, Yardi Senior Research Analyst