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2015 Top Brokers

Commercial real estate brokerage firms continued to grow their bounties in 2014, bolstered by heavy leasing and investment sales volumes. 

The majority of firms that reported data to NREI posted hefty year-over-year gains. CBRE Group continued to lead the way. It is the 12th consecutive year that CBRE has lead the industry in total transaction volume, although recent mergers and acquisitions could shift the playing field in next year’s list.

Since our list is based on 2014 volume, DTZ and Cushman & Wakefield’s numbers were not combined for this ranking. Cushman & Wakefield’s figures also do not include Massey Knakal’s 2014 volume.

DTZ’s numbers, however, do reflect its merger with Cassidy Turley.

Aside from the coming shakeout due to consolidation, many firms posted robust organic growth. CBRE’s figure, for example, jumped to $284.9 billion in 2014 up about 22 percent from $233.3 billion in 2013. The number is also nearly $100 billion greater than its 2012 figure of $189.9 billion.

The current second largest brokerage, JLL, also posted a healthy increase in transaction volume. Its figure of $189.7 billion represents a 17 percent increase from last year’s figure of $162.1 billion. It’s also more than $80 billion larger than its 2012 figure of $108.9 billion.

Newmark Grubb Knight Frank edged into third place in 2014 with $102.7 billion in deals—just ahead of Cushman & Wakefield’s volume of $100.8 billion. However, Cushman’s figure stands to jump dramatically. In recent mailings, Cushman has reported that it completed transactions valued at $191 billion in 2014.

Colliers International rounds out our top five. The firm posted $97.1 billion in transactions—a nearly 30 percent jump from last year’s number of $75.2 billion. Trailing close behind is Eastdil Secured at $91.5 billion. Eastdil saw its figure jump 48 percent over its 2014 volume.

To be ranked, firms filled out an online form that was distributed via email and publicized on our site and through our e-newsletters.

Brokers were asked to provide the total dollar value of leasing transactions and investment sales in the United States and globally in 2014. The totals were combined to determine the company’s ranking.

Firms were also asked to provide information on the number of brokers employed, revenues, total number of transactions completed and other information. 

If you have issues regarding the ranking or additions to it, please do not hesitate to contact me at

* TCN Worldwide and Savills Studley declined to provide numbers to this year’s ranking.

Click on a company name to view more details.

Rank Company Total Global Transaction Value
1 CBRE Group $284,900,000,000
2 JLL $189,700,000,000
3 Newmark Grubb Knight Frank $102,670,600,890
4 Cushman & Wakefield $100,799,604,077
5 Colliers International $97,100,000,000
6Eastdil Secured$91,500,000,000
7 DTZ $63,600,000,000
8iCORE Global$62,000,000,000
9 Marcus & Millichap $33,100,000,000
10 HFF $29,010,000,000
11 Core Network $21,661,490,090
12 NAI Global $13,803,110,435
13 Avison Young $10,788,000,000
14 Lee Associates $10,000,000,000
15 RE/MAX Commercial $9,778,212,464
16 Sperry Van Ness International $9,100,000,000
17 Coldwell Banker Commercial $8,837,717,022
18 PM Realty Group $7,338,243,256
19 Transwestern $6,834,355,105
20 KW Commercial $4,486,000,000
21 Stan Johnson Company $3,200,000,000
22 Kidder Mathews $3,159,044,737
23 Rosewood Realty $2,000,000,000
24 SRS Real Estate Partners $1,472,614,679
25 HREC Investment Advisors $1,350,000,000
26Capital Pacific$1,038,666,979
27 Hanley Investment Group $465,000,000
28 Pinnacle Real Estate Advisors $365,780,130
29 Paramount Lodging Advisors $325,000,000
30 Matthews Retail Group $283,029,150

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