Top 10 Commercial Property Management Companies in the US | 2025 Updated List

Commercial property management companies plays a vital role in leasing, developing, and maintaining properties, ensuring that businesses have access to well-managed, sustainable, and efficient workspaces.

The commercial property management industry in the U.S. is an ever-evolving sector, with companies offering a wide range of specialized services to manage various commercial properties, from high-end office spaces to prime retail locations.

Companies like Vornado Realty Trust and The Durst Organization are at the forefront, providing exceptional services in managing premier office spaces while focusing on modern amenities and future-forward office environments.

With a growing focus on sustainability and the adoption of smart property management technologies, the industry is embracing a green and digitized future.

In this article, we highlight the top 10 commercial property management companies in the U.S., showcasing the leaders in property operations, development, and management, who are shaping the commercial real estate landscape.

Top 10 commercial property management companies

Here are the top commercial property management companies, ranked by total square footage managed.

1. CBRE

Portfolio Size: Over 7 billion square feet
Headquarters: Dallas, Texas
Revenue: $31.949 billion (2023 Annual Report)

CBRE is a global leader in commercial real estate services, managing over 7 billion square feet of commercial space worldwide.

The company provides a wide range of services, including leasing, property sales, project management, and facilities management.

With a presence in over 100 countries, CBRE is committed to delivering consistent and innovative solutions across various markets.

Their expertise and scale allow them to offer tailored solutions that meet the diverse needs of clients, ensuring optimal performance and value for commercial properties.

CBRE’s global reach and comprehensive service offerings make it a trusted partner in real estate management.

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2. Cushman & Wakefield

Portfolio Size: Approximately 5.1 billion square feet
Headquarters: Chicago, Illinois
Revenue: $9.5 billion (2023 Annual Report)

Cushman & Wakefield manages approximately 5.1 billion square feet of commercial property globally, providing innovative solutions in property and facilities management.

The company places a strong emphasis on sustainability and operational efficiency, helping clients optimize their property performance while minimizing environmental impact.

With a global presence and a reputation for excellence, Cushman & Wakefield remains a key player in shaping the real estate industry.

Their commitment to delivering tailored, high-quality solutions has made them a trusted partner for businesses looking to maximize the value of their commercial spaces.

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3. NAI Global

Portfolio Size: Approximately 1.1 billion square feet
Headquarters: New York, New York
Revenue: Estimated to be over $1 billion

NAI Global manages over 1.1 billion square feet of property and facilities worldwide, offering comprehensive services across various commercial real estate sectors, including office, industrial, and retail properties.

The company is dedicated to providing tailored solutions to meet the unique needs of its clients, whether they are looking to buy, sell, lease, or manage their properties.

With a strong presence in both the U.S. and international markets, NAI Global continues to expand its footprint, solidifying its reputation as a trusted partner in the commercial property management industry.

Their client-focused approach ensures optimal property performance and value.

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4. Lincoln Property Company

Portfolio Size: Over 562 million square feet
Headquarters: Dallas, Texas
Revenue: Approximately $1.4 billion (2022)

Lincoln Property Company manages approximately 562 million square feet of leased and managed properties, encompassing joint ventures and third-party portfolios.

With a strong focus on real estate development, investment, and property management, the company delivers comprehensive solutions to both residential and commercial markets.

Known for its expertise and commitment to delivering high-quality services, Lincoln Property Company continues to expand its presence in the industry, offering clients innovative solutions that optimize property value and performance.

Their ability to handle diverse property types makes them a reliable partner in the commercial property management sector.

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5. JLL (Jones Lang LaSalle)

Portfolio Size: Approximately 539 million square feet
Headquarters: Chicago, Illinois
Revenue: $20.8 billion (2023 Annual Report)

JLL is a global real estate services firm that manages over 539 million square feet of commercial property worldwide.

The company offers a comprehensive range of services, including leasing, property management, and financial services, catering to diverse client needs across various industries.

JLL’s deep expertise and innovative solutions have made it a key player in the commercial property management space.

With a strong global presence, the company continues to shape the future of real estate by offering cutting-edge solutions that enhance property value and operational efficiency, ensuring high levels of client satisfaction.

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6. Hines

Portfolio Size: Over 382 million square feet
Headquarters: Houston, Texas
Revenue: Approximately $5.1 billion (as of November 2024)

Hines manages over 1,077 properties, spanning 382 million square feet globally. Known for its innovative approach to property management, the company places a strong emphasis on sustainability and long-term value creation.

Hines operates across a wide variety of property types, including office spaces, industrial facilities, and retail centers.

By focusing on sustainable practices and strategic management, Hines has built a reputation for enhancing the performance and longevity of its properties.

Their forward-thinking approach ensures that clients benefit from efficient operations, while also contributing to environmental and economic sustainability in the commercial real estate sector.

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7. Newmark

Portfolio Size: 276 million square feet
Headquarters: New York, New York
Revenue: Approximately $2.6 billion (as of September 30, 2024)

Newmark manages approximately 276 million square feet of commercial property, providing a range of services, including property management, leasing, and investment sales.

The company is known for integrating advanced technology to streamline operations and improve efficiency, ensuring that clients receive optimal value.

By leveraging data-driven insights and innovative solutions, Newmark enhances the performance and sustainability of its properties.

Their focus on technology and client-centric services positions them as a leading player in the commercial property management industry, offering tailored solutions that meet the evolving needs of businesses and investors alike.

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8. Transwestern Real Estate Services

Portfolio Size: Approximately 232 million square feet
Headquarters: Houston, Texas
Revenue: Estimated to be approximately $623.9 million annually

Transwestern Real Estate Services manages approximately 232 million square feet of commercial property, offering a full spectrum of real estate services.

These include leasing, property management, and advisory services, catering to a wide range of clients across various industries.

Known for its innovative and client-focused approach, Transwestern delivers customized solutions that meet the unique needs of each property owner and tenant.

By leveraging a deep understanding of market dynamics and operational efficiency, Transwestern continues to be a key player in the commercial property management sector, providing exceptional value and performance for its clients.

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9. Stream Realty Partners

Portfolio Size: Over 120 million square feet
Headquarters: Dallas, Texas
Revenue: Estimated at approximately $272.6 million annually

Stream Realty Partners manages over 120 million square feet of commercial properties and has a deal volume of $4.7 billion.

The company specializes in leasing, property management, and investment services, with a strong focus on creating value for its clients.

Known for its strategic and client-centered approach, Stream Realty Partners works to maximize the potential of each property through innovative solutions and tailored services.

With its extensive market knowledge and commitment to excellence, Stream Realty Partners continues to be a leading player in the commercial real estate industry, delivering outstanding results for both property owners and tenants.

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10. The RMR Group

Portfolio Size: 114 million square feet
Headquarters: Newton, Massachusetts
Revenue: $897.6 million (Fiscal Year 2024)

The RMR Group manages around 114 million square feet of commercial property, specializing in property management, real estate services, and asset management.

The company offers comprehensive solutions designed to maximize property value and enhance operational efficiency.

Known for its focus on providing tailored strategies, The RMR Group works with a wide range of clients to deliver exceptional results.

Along with its impressive portfolio, the company maintains strong financial performance, consistently setting industry standards.

These companies, including The RMR Group, are leaders in commercial property management, driving innovation and providing value-driven services for property owners and tenants alike.

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Commercial Real Estate Market Projection

The commercial real estate (CRE) market in 2025 is experiencing a complex landscape, marked by both challenges and growth opportunities across various sectors.

Office Sector: There’s a discernible trend towards stability, with major corporations such as Google and JP Morgan Chase renewing and expanding leases. However, the national office vacancy rate remains elevated, influenced by factors like the enduring preference for remote work and the availability of sublease spaces.
Industrial Sector: This sector continues its robust performance, driven by the ongoing expansion of e-commerce and logistics. Projections suggest sustained demand for distribution centers and warehouses throughout 2025.
Retail Sector: After undergoing significant adjustments, the retail market is finding equilibrium. There’s a growing focus on experiential retail and adaptive reuse of spaces, contributing to a healthier retail environment.
Multifamily Sector: The demand for multifamily housing remains strong, nearing record-high levels observed in 2021. This sustained interest is attributed to demographic trends and a continued preference for rental living.
Market Outlook: Industry surveys reflect a positive outlook, with over 68% of respondents anticipating improvements in CRE fundamentals in 2025, including aspects like capital availability, leasing activity, and rental growth.

Key Growth Drivers of Commercial Real Estate

The commercial real estate (CRE) market in 2025 is experiencing a dynamic transformation, influenced by various economic, demographic, and technological factors. Understanding these drivers is essential for stakeholders aiming to navigate the evolving landscape effectively.

1. Economic Growth and Urbanization

Continued economic expansion and urbanization are fueling demand for commercial spaces, particularly in multifamily and industrial sectors. As populations concentrate in urban areas, the need for residential units and distribution centers grows, driving investment and development activities.

2. Technological Advancements

Integration of advanced technologies in property management and operations enhances efficiency and tenant experiences. Smart building solutions and data analytics are becoming standard, attracting tenants and investors seeking modern, tech-enabled environments.

3. Sustainability Initiatives

A heightened focus on environmental sustainability is influencing investment decisions. Properties with green certifications and energy-efficient features are in demand, aligning with global efforts to reduce carbon footprints and appeal to eco-conscious tenants.

4. Interest Rate Fluctuations

Changes in interest rates impact financing costs and investment yields. In 2025, the CRE market is adapting to these fluctuations, with stakeholders adjusting strategies to maintain profitability amidst a shifting financial landscape.

5. Evolving Work and Retail Patterns

Shifts in work habits, such as hybrid models, and changes in retail behaviors are reshaping demand for office and retail spaces. While some areas face challenges, prime locations continue to attract interest due to their adaptability and strategic value.

FAQs

What services do commercial property management companies offer?

Commercial property management companies provide a wide range of services, including leasing, tenant management, property maintenance, rent collection, financial reporting, and legal compliance. They ensure the smooth operation of commercial properties, maximizing profitability and minimizing tenant issues.

How do commercial property management companies charge for their services?

Most commercial property management companies charge a percentage of the rental income, typically ranging from 4% to 10%. Some companies may also charge flat fees for specific services, such as leasing commissions or maintenance fees. It’s important to discuss the pricing structure upfront.

How do commercial property management companies help increase property value?

Property management companies can enhance property value through effective tenant retention strategies, timely maintenance, cost management, and ensuring that the property complies with legal regulations. They also help in making strategic decisions about renovations, upgrades, or repositioning to attract higher-paying tenants.

Can a commercial property management company handle multiple types of properties?

Yes, many commercial property management companies are equipped to handle different types of properties, including office buildings, retail centers, industrial facilities, and mixed-use developments. They tailor their services to suit the specific needs of each property type.

What should I look for when hiring a commercial property management company?

When selecting a commercial property management company, consider their experience in managing properties similar to yours, their reputation in the market, their service fees, and the level of communication and transparency they offer. Look for a company with a proven track record of increasing property value and tenant satisfaction.

Conclusion

Commercial property management companies play a crucial role in maintaining and enhancing property value.

By offering comprehensive services such as tenant management, maintenance, and leasing, they ensure smooth operations and maximize profitability.

Choosing the right management firm is essential for achieving long-term success in commercial real estate.

Top 10 Commercial Property Management Companies in the US | 2025 Updated List