Commercial real estate brokerage firms posted another strong year in 2015, growing both leasing and investment sales volumes, according to data provided to NREI as part of our annual ranking of the top commercial real estate brokers.
CBRE Group continued to lead the way. It is the 13th consecutive year that CBRE has led the industry in total transaction volume. CBRE cracked $300 billion in transactions in 2015—$104.4 billion in leasing deals and $206.2 billion in investment sales. That’s a 9.0 percent increase from 2014. Looking back further, it’s nearly double the firm’s transaction volume in 2011, when it posted $159 billion in deals.
There is one notable omission. Cushman & Wakefield did not supply 2015 transaction volumes on account of the ongoing merger process with DTZ. The firm anticipates it will supply numbers for next year’s list. If it had, it likely would have joined CBRE, JLL, Newmark Grubb Knight Frank, Colliers International and Eastdil Secured as firms that posted more than $100 billion in transactions in 2015. As recently as 2011, CBRE was the only firm with more than $100 billion in deals.
The firms that ranked in the top 20 in each of the past two years posted average transaction volume growth of 15.0 percent from 2014 to 2015. Eastdil Secured and Transwestern posted the largest year-over-year gains with Eastdil, the number five firm on this year’s list, growing its volume 30.6 percent and Transwestern (No. 18), seeing a 26.5 percent boost in transactions. Overall, 16 different firms that provided us with data posted more than $10 billion in transactions in 2015 and 30 cracked the $1 billion mark.