Top 5 Largest Commercial Real Estate Companies in 2024

Last Updated: April 2024

Commercial Real Estate Software

The commercial real estate sector is a pillar of the global economy that encompasses a diverse range of properties ranging from office buildings to retail spaces. There are a few key players that dominate this space with vast portfolios and strategic investments that significantly influence entire market dynamics. These companies not only shape the skylines of cities but also impact the economic and social fabric of communities around the world.


5 Largest Commercial Real Estate Companies in the United States

Below we delve into the profiles of these top companies, exploring their history, services, and the role they play in shaping the commercial real estate industry in the United States. These industry leaders are ranked based on assets under management, among other things.

1. Blackstone

Blackstone Key Statistics:

  • Founded: 1985
  • Ownership: Public (NYSE:BX), Private
  • Assets Under Management (AUM): Global real estate portfolio valued at $586 billion1
  • Geographic Reach: North America, Europe, Asia, and Australia
  • Portfolio: Logistics, Residential, Office, Retail, Hospitality

Blackstone Inc is a global leader in investment and asset management and has a significant presence in the commercial real estate sector. With a strategy focused on value creation and capital appreciation, Blackstone invests in a wide array of property types, including office spaces, retail centers, industrial facilities, and hotels. The company’s real estate division is renowned for its large-scale acquisitions and asset management capabilities. Blackstone’s approach involves acquiring high-quality assets at discounts to replacement cost, improving them, and then selling or renting them to create value for their investors.

2. Brookfield Properties

Brookfield Properties Key Statistics:

  • Founded: 1923
  • Ownership: Public (NYSE:BN), Private
  • Assets Under Management (AUM): Global assets valued at $276 billion2
  • Geographic Reach: North America, Europe, and Asia-Pacific
  • Portfolio: Office, Retail Spaces, Residential, Logistics

Brookfield Properties is a global leader in the commercial real estate industry, renowned for its large-scale portfolio of diverse properties. The company’s holdings encompass a range of sectors, including office spaces, retail centers, multifamily residential units, and logistics facilities. Brookfield Properties stands out for its strategic approach to property development, management, and investment, focusing on prime locations and high-value assets.

3. Prologis

Prologis Key Statistics:

  • Founded: 1983
  • Ownership: Public (NYSE:PLD), Private
  • Assets Under Management (AUM): Global assets valued at $219 billion3
  • Geographic Reach: Americas, Europe, and Asia
  • Portfolio: Industrial Commercial – Logistics and Distribution

Prologis Inc is the global leader in industrial real estate, specializing in logistics and distribution facilities. Renowned for its focus on high-barrier, high-growth markets, Prologis owns and operates some of the most strategically located industrial buildings and warehouses. Their properties are essential to the supply chains of numerous multinational corporations, reflecting the company’s pivotal role in global logistics.

4. CBRE Investment Management

CBRE Investment Management Key Statistics:

  • Founded: 1773
  • Ownership: Public (NYSE:CBRE), Private
  • Assets Under Management (AUM): Global assets valued at $147.5 billion4
  • Geographic Reach: North America, Europe, Asia Pacific, and More
  • Portfolio:Office Space, High-End Retail, Industrial logistics

CBRE Investment Management, a division of CBRE Group Inc, is a global leader in real estate investment management. Specializing in a wide range of real estate sectors, the company focuses on maximizing value for investors through strategic acquisitions, management, and disposition of assets. Their portfolio includes office buildings, retail, and industrial properties, catering to a diverse client base that spans institutional and private investors.

5. Clarion Partners

Clarion Partners Key Statistics:

  • Founded: 1982
  • Ownership: Public (NYSE:BEN), Private
  • Assets Under Management (AUM): Global assets valued at $76.6 billion5
  • Geographic Reach: United States, Europe
  • Portfolio: Industrial, Multifamily, Office, Retail, Life sciences, Hospitality

Clarion Partners LLC is a prominent name in the commercial real estate industry that has a long-standing reputation for its comprehensive investment strategies. Specializing in diverse property types, including office, retail, industrial, multifamily, and hospitality real estate, the firm manages assets across major markets in the United States and Europe. With a keen focus on creating value for investors, Clarion Partners blends in-depth market research with robust asset management practices.

Rating Methodology

Companies are ranked based on Assets Under Management (AUM). Any numerical figures are retrieved from publicly accessible materials, and believed to be accurate as of the last update of this page.

1https://www.blackstone.com/our-businesses/real-estate/ 2https://www.brookfield.com/our-businesses/real-estate 3https://ir.prologis.com/ 4https://www.cbreim.com/about-us 5https://www.clarionpartners.com/about-us/about-clarion

Largest Commercial Real Estate Company Stocks

The commercial real estate industry is characterized by a number of major players, many of whom are publicly traded and known for their significant market presence. These companies range in their specialties, covering sectors from office and retail spaces to industrial and logistics properties. Their influence is notable not only in the scale of their operations but also in their impact on the real estate market trends and investment strategies.

Top 10 Publicly Traded Commercial Real Estate Companies:

  1. Blackstone Inc (NYSE:BX): Private equity investments, including commercial real estate.
  2. Prologis Inc (NYSE:PLD): Focuses on logistics and industrial real estate.
  3. CBRE Group Inc (NYSE:CBRE): A global leader in real estate services.
  4. American Tower Corp (NYSE:AMT): Specializes in wireless and broadcast communication infrastructure.
  5. Equinix Inc (NASDAQ:EQIX): Global presence of data centers and internet connectivity infrastructure
  6. Simon Property Group Inc (NYSE:SPG): Specializes in retail real estate ownership.
  7. Welltower Inc (NYSE:WELL): Focuses on healthcare infrastructure including senior housing, outpatient medical properties, and long-term care facilities.
  8. Public Storage Inc (NYSE:PSA): Largest real estate investment trust specializing in self storage properites.
  9. Digital Realty Trust (NYSE:DLR): A major player in data center and colocation services.
  10. Jones Lang LaSalle Inc (NYSE:JLL): Known for its wide range of commercial real estate services.

Top Commercial Real Estate Companies FAQ

Who are the Top 10 Commercial Real Estate Companies in the United States?

The United States commercial real estate market is dominated by several key players, each with significant holdings and influence in various property sectors. These rental real estate companies are known for their large portfolios, strategic investment approaches, and their roles in shaping real estate trends nationally.

Top 10 Commercial Real Estate 10 Companies:

  1. Blackstone Inc
  2. Brookfield Properties
  3. Prologis Inc
  4. CBRE Investment Management
  5. Clarion Partners LLC
  6. Simon Property Group Inc
  7. W.P. Carey
  8. Hines
  9. Vornado Realty Trust
  10. Boston Properties

How Do The 5 Largest Commercial Real Estate Companies Differentiate Themselves?

The five largest commercial rental real estate companies in the United States each have unique strategies and areas of focus that set them apart in the market. These differences are reflected in their investment approaches, property types, geographic presence, and specific services offered to clients.

CompanyDifferentiation Factors
BlackstoneKnown for diverse global investments across various sectors including office, retail, residential, and logistics. Strong focus on high-value acquisitions and asset management.
Brookfield PropertiesNotable for large-scale development and operation of diverse properties, including office, retail, multifamily, and logistics, with an emphasis on innovation and sustainability.
PrologisSpecializes in industrial real estate, particularly logistics and distribution facilities, with a strong emphasis on sustainable building practices.
CBRE Investment ManagementPart of CBRE Group, focuses on maximizing value for investors through a wide range of real estate sectors including office, retail, industrial, and residential.
Clarion PartnersManages a diversified portfolio in key U.S. markets with a focus on creating value through comprehensive market research and robust asset management.

Several trends are currently shaping the growth and evolution of commercial real estate companies. Firstly, the rise of e-commerce has significantly increased the demand for industrial and logistics spaces, as businesses seek efficient distribution channels. Secondly, there’s a growing emphasis on sustainability, with companies investing in green buildings and energy-efficient technologies. Thirdly, the shift towards remote work, accelerated by the COVID-19 pandemic, is influencing the office space market, leading to a focus on flexible workspaces and mixed-use developments. Lastly, advancements in technology, such as the use of big data and AI in property management and investment, are transforming operational efficiencies and decision-making processes.


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