Top Commercial Property Management Firms of 2022

4 min read

Find out which firms made CPE’s annual ranking of the leading service providers.

Research Center CPE

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

RankCompanySF of Properties Managed (MSF) 2021SF of Properties Managed (MSF) 2020Owner/Third-Party Mgr.Diversity
1CBRE7,100.007,000.00MO, I, R, H, Ho, X
2Cushman & Wakefield4,811.004,056.00MO, I, R, X
3JLL2,670.662,000.00MO, I, R
4Colliers2,457.88760.0MO, I, R, M, H, Ho, X
5Lincoln Property Co.296.00253.10O/MO, I, R, M, H, X
6Hines308.09325.24O/MO, I, R, M, Ho, X
7Newmark204.39182.37MO, I, R, X
8Avison Young235.00336.60MO, I, R, M, H, X
9Transwestern Commercial Services214.96205.54MO, I, R, H, X
10TCN Worldwide144.47O/MO, I, R, M
11Stream Realty Partners131.15204.43O/MO, I, R, H, X
12SVN International Corp.63.3360.36M O, I, R, M, H, Ho, X
13RiverRock Real Estate Group41.4839.64MO, I, R
14Foundry Commercial38.9034.36O/MO, I, R, X
15Tishman Speyer70.0573.32O/MO, I, X
16The RMR Group91.2091.71MO, I, R, H, X
17The Inland Real Estate Group of Cos.32.8030.50OO, I, R, M, H, Ho, X
18The Woodmont Co.24.0022.00O/MO, R
19HSA Commercial Real Estate15.8614.05O/MO, I, R, H, X
20Ashley Capital LLC30.4829.28O/MO, I
21FPA Multifamily5.805.50OO, I, R, M, Ho
22Kidder Mathews61.8571.74MO, I, R, H, X
23Vornado Realty Trust34.5034.40OO, R
24Weitzman24.2022.00MO, R
25Levin Management Corp.16.0016.00MO, I, R
26Related Cos.19.8518.93O/MO, R, Ho, X
27Billingsley Co.5.795.40OO, I, R, M
28Coreland Cos.6.986.24MO, R
29Quine & Associates Inc.6.906.46MI, R
30Sansone Group6.566.76MO, 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.

Methodology

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

Read the August 2022 issue of CPE.

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