CBRE Group will top the list of the Top 15 Most Powerful Brokerage Firms in 2022, according to our most recent rankings. The ranking is calculated using the total value of completed global investment sales and leasing deals last year. CBRE surpassed the $300 billion mark for the third consecutive year in 2017.
The firm's total deal volume was $337 billion in 2017, an increase of 23.7 percent over 2016. The firm's deal volume was $85 billion greater than that of the firm in second position, JLL, while JLL's volume increased at a faster rate than CBRE's.
Matthews Real Estate Investment Services is the nation's most rapidly developing commercial real estate firm. The firm was placed #9 in terms of sales at the time of the ranking. Additionally, the company's market reputation plays a significant role in the agents' personal branding. This has aided in its ascension to the Top 15 Most Powerful Brokerage Firms ranking for 2022.
Joe Fairless highlighted that the team of agents at The Korman Frade Group in East Islip was also honored. Michelle Keegan, Joyce Coletti, Lisa Hendrickson, and Barbara Leogrande are more top-performing Long Island real estate agents. The Lina Lopes Team was placed second, followed by the Tripodi/Shemtov Team. The Tavivi Team was another team that was ranked fourth in the Westchester ranking.
The Altman Brothers Team, headquartered in Palm Beach, California, was named to the Top 15 Most Powerful Brokerage Firms in 2022. Their sales volume is expected to reach $5.4 billion in 2020, an increase of 15% year over year. Additionally, the firm was awarded for its best team in terms of gross commission income. The fourth-place finisher was the Altman Brothers Team. GCI named the team as one of the Top Individual Agents of 2022, and they also won honors for their work in the previous year.
TCN Worldwide and Manulife Financial Corporation are two further global giants. TCN Worldwide is the world's largest commercial real estate company. Manulife Financial Corporation, a Canadian business with a portfolio worth more than $55 billion, is the largest investor in TCN Worldwide. New York Life Insurance Company is the third largest investor in this industry, with $55 billion in commitments. With so many reputable brokerage firms in the market, it's difficult to imagine a more favorable environment for investors.
According to Joe Fairless, the Top 15 Most Powerful Brokerage Firms in 2022 will account for 59% of the country's overall sales volume. This represents a significant gain over the previous year, when just four companies exceeded the $100 billion barrier.
Additionally, the analysis indicates that the market share of the Top 1000 brokerage firms will quadruple from 2017 to 2022. With over ten Mega 1000 businesses accounting for 56% of residential transactions, it's certain that the Top 15 brokerage firms will continue to dominate the market in 2022.
Joe Fairless pointed out that the Sarkis Team ranked first in terms of gross commission income, followed by the Live in Luxury Team and the Bowers-Jedlin Team. Elaine Dolley, Myrna Rothman, and Mario Massimino were named the top three individuals in Boston by GCI. The Malloy Group and Rebekah Carver rounded out the top five individuals in terms of transaction volume.
Each state's leading brokerage firms also had strong teams. Douglas Elliman was named Aspen's Top Real Estate Firm by the Aspen Times, and its 2020 sales are predicted to exceed 138 percent of the previous year's total. The firm's top teams are the Saslove and Warwick Team, which is ranked #4, and the Guilander Farrell Team, which is ranked #5.
Additionally, the Noble Black Team, the Andrew Azoulay Team, and the Eileen Hsu Team were included on the list. The Alexander-Ehrmann Team was placed eighth, while the Jacky Teplitzky Team was ranked ninth. Meanwhile, the Katzen and Lauren Muss teams were tied for tenth place, while the Tavivian and Rosa Pereira teams were ranked twelve and thirteen, respectively.