Overview
The 47,000 commercial real estate brokerage and property management offices in the US work with owners to find buyers for property for sale, lessees for rental property, and to maintain and manage physical property. Property management accounts for about one-third of industry revenue.
Impact of Technology
The increased integration of Internet and wireless communication technology may result in a decrease in demand for office, retail, and industrial properties.
Internet Marketing
In addition to using multiple listings services (MLS), commercial real estate brokers and property managers are increasing their use of the Internet to advertise available properties to prospective buyers and tenants.
Industry Financial Benchmarks
Here are typical financial statements for commercial brokers & property managers.
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