Top Commercial Real Estate Companies in the United States
From New York’s capital markets and Los Angeles’ entertainment corridors to Chicago’s logistics hubs and Dallas–Fort Worth’s fast-growing industrial parks, the United States is home to many of the world’s leading commercial real estate (CRE) agencies. On Clutch, you can find trusted partners for tenant representation, investment sales, property management, development advisory, and more.
Every profile includes verified client reviews, detailed service lines, and market presence to help you evaluate fit with confidence. Use filters to narrow by asset class (industrial, office, retail, multifamily, life sciences), budget, team size, and location to match your goals and timeline. Start with our curated lists and compare firms serving key U.S. metros and sectors:
• Top Commercial Real Estate Companies
• Commercial Real Estate Companies in Los Angeles
• Commercial Real Estate Companies in New York
• Commercial Real Estate Companies in Dallas
• U.S. Commercial Real Estate Companies for Business Services
13,565 Companies
List of the Top United States Real Estate Services
Sponsored
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UndisclosedUndisclosed2 - 9Nashville, TN
Services provided
50% Commercial Development50% Commercial Property ManagementThe Mathews Company, a Commercial Property Management and Commercial Development company, was launched in 1938. The team specializes in Commercial Property Management and Commercial Development.
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UndisclosedUndisclosed2 - 9Nashville, TN
Services provided
40% Commercial Brokerage Services30% Commercial Development30% Commercial Property ManagementSmall Commercial Brokerage Services company Stevens Group Real Estate, is located in Nashville, Tennessee. Their services include Commercial Brokerage Services and Commercial Development.
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UndisclosedUndisclosed2 - 9Ogden, UT
Services provided
100% Commercial Property ManagementEnvy Property Management, a small Commercial Property Management company, is headquartered in Ogden, Utah. Their services include Commercial Property Management.
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UndisclosedUndisclosed2 - 9Knoxville, TN
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40% Commercial Brokerage Services30% Commercial Development30% Commercial Property ManagementCommercial Brokerage Services company Schaad Companies was founded in 1910. The agency specializes in Commercial Brokerage Services and Commercial Property Management, and is small.
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UndisclosedUndisclosed2 - 9Nashville, TN
Services provided
40% Commercial Brokerage Services30% Commercial Development30% Commercial Property ManagementThe Mainland Companies, LLC is a Commercial Brokerage Services company. Their small team is in Nashville, Tennessee. Their services include Commercial Brokerage Services and Commercial Development.
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UndisclosedUndisclosed2 - 9Chattanooga, TN
Services provided
50% Commercial Brokerage Services50% Commercial DevelopmentWolftever Development , a Commercial Brokerage Services and Commercial Development company, provide Commercial Brokerage Services and Commercial Development. They were established in 2004.
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UndisclosedUndisclosed2 - 9Nashville, TN
Services provided
50% Commercial Brokerage Services50% Commercial DevelopmentCommercial Brokerage Services and Commercial Development company MarketStreet Enterprises was established in 2006. The firm offers Commercial Brokerage Services and Commercial Development.
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UndisclosedUndisclosed2 - 9St. George, UT
Services provided
100% Commercial Property ManagementEnce Rentals & Storage is a small St. George, Utah-based Commercial Property Management company. The team focuses on Commercial Property Management.
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UndisclosedUndisclosed2 - 9Windsor Heights, IA
Services provided
35% Commercial Brokerage Services35% Commercial Property Management30% Commercial DevelopmentFounded in 1947, Colby Interests is a Commercial Brokerage Services company. Based in Windsor Heights, Iowa, the team provides Commercial Brokerage Services and Commercial Property Management.
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UndisclosedUndisclosed2 - 9Washington Terrace, UT
Services provided
50% Commercial Brokerage Services50% Commercial Property ManagementWelch Randall Property Management is a Commercial Brokerage Services and Commercial Property Management company. Their services include Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Woburn, MA
Services provided
30% Commercial Brokerage Services40% Accounting30% Commercial FinancingCarbone Commercial Real Estate, an Accounting company, was founded in 2004. They offers Accounting and Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Springfield, MA
Services provided
100% Commercial Brokerage ServicesSmall Commercial Brokerage Services company Jennings Real Estate Services, Inc., is in Springfield, Massachusetts. The team provides Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9New Bedford, MA
Services provided
100% Commercial Brokerage ServicesE.J. Pontiff Real Estate is a small New Bedford, Massachusetts-based Commercial Brokerage Services company. Their services include Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9South Jordan, UT
Services provided
100% Commercial Brokerage ServicesSmall Commercial Brokerage Services company Utah Realty, is in South Jordan, Utah. The team provides Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9South Jordan, UT
Services provided
100% Commercial DevelopmentConstruction Management Consultants is a Commercial Development company. They focus on Commercial Development and are headquartered in South Jordan, Utah.
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UndisclosedUndisclosed2 - 9Chicago, IL
Services provided
30% Architectural Design30% Commercial Property Management30% Market Research +1 service10% Building Security ServicesWater Tower Realty Management Co is an Architectural Design company headquartered in Chicago, Illinois. Their services include Architectural Design and Commercial Property Management.
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UndisclosedUndisclosed2 - 9Hampton, NH
Services provided
100% Commercial DevelopmentTropic Star Development/ Scott Mitchell Real Estate is a Commercial Development company. Located in Hampton, New Hampshire, their team specializes in Commercial Development.
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UndisclosedUndisclosed2 - 9Boston, MA
Services provided
100% Commercial Brokerage ServicesSaint James Real Estate Advisors, LLC, a Commercial Brokerage Services company, was launched in 2004. The team specializes in Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Portsmouth, NH
Services provided
100% Commercial DevelopmentEstablished in 2003, WJP Development, LLC, a small Commercial Development company, is located in Portsmouth, New Hampshire. Their team provides Commercial Development.
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UndisclosedUndisclosed2 - 9Bedford, NH
Services provided
50% Commercial Brokerage Services50% Commercial DevelopmentEstablished in 1991, Granite Commercial Real Estate is a Commercial Brokerage Services and Commercial Development company. The team provides Commercial Brokerage Services and Commercial Development.
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UndisclosedUndisclosed2 - 9Salem, NH
Services provided
40% Commercial Brokerage Services60% Commercial Property ManagementGarabedian Properties is a small Commercial Property Management company located in Salem, New Hampshire. The team provides Commercial Property Management and Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Mountain City, TN
Services provided
100% Commercial Brokerage ServicesCommercial Brokerage Services company REDDEN REALTY was founded in 2007. The company provides Commercial Brokerage Services, and is small.
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UndisclosedUndisclosed2 - 9Knoxville, TN
Services provided
100% Commercial Brokerage ServicesSmall Commercial Brokerage Services company Realty Executives Associates, is in Knoxville, Tennessee. The team specializes in Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Cookeville, TN
Services provided
100% Commercial Brokerage ServicesAmerican Way Real Estate Company is a Commercial Brokerage Services company. They were launched in 1972 and provide Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Kingsport, TN
Services provided
100% Commercial Brokerage ServicesBob Quillen Realtors is a Commercial Brokerage Services company. They are based in Kingsport, Tennessee and have small team. Their team provides Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Murray, UT
Services provided
100% Commercial Property ManagementLogic Property Management is a Commercial Property Management company. They are located in Murray, Utah and have small team. Their services include Commercial Property Management.
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UndisclosedUndisclosed2 - 9Salt Lake City, UT
Services provided
100% Commercial Property ManagementBowers Management is a Commercial Property Management company. Their small team is headquartered in Salt Lake City, Utah. Their team offers Commercial Property Management.
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UndisclosedUndisclosed2 - 9Seattle, WA
Services provided
70% Commercial Brokerage Services30% Commercial Property ManagementSmall Commercial Brokerage Services company Savidge Investment Real Estate, is in Seattle, Washington. Their services include Commercial Brokerage Services and Commercial Property Management.
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UndisclosedUndisclosed2 - 9Park City, UT
Services provided
100% Commercial Property ManagementSt. John's Property Management is a small Commercial Property Management company based in Park City, Utah. The team offers Commercial Property Management.
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UndisclosedUndisclosed2 - 9Salt Lake City, UT
Services provided
100% Commercial Property ManagementHeadquartered in Salt Lake City, Utah, The Glass Company is a Commercial Property Management company. The team specializes in Commercial Property Management.
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UndisclosedUndisclosed2 - 9Boston, MA
Services provided
30% Accounting30% Business Consulting30% Commercial Property Management +1 service10% Building Security ServicesHodan Property Management, an Accounting company, is headquartered in Boston, Massachusetts. Their services include Accounting and Commercial Property Management.
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UndisclosedUndisclosed2 - 9Melbourne, FL
Services provided
100% Commercial Property ManagementJM Real Estate is a Commercial Property Management company. The Melbourne, Florida-based firm focuses on Commercial Property Management.
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UndisclosedUndisclosed2 - 9Orlando, FL
Services provided
100% Commercial Brokerage ServicesCommercial Brokerage Services company Commercial Real Estate Professionals was founded in 1987. The team specializes in Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Miami, FL
Services provided
100% Commercial Brokerage ServicesCentral Commercial Real Estate is a Commercial Brokerage Services company. They are headquartered in Miami, Florida and have small team. Their team focuses on Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9St. Pete Beach, FL
Services provided
50% Commercial Brokerage Services50% Commercial Property ManagementSuncoast Commercial Investments is a Commercial Brokerage Services and Commercial Property Management company. Their team offers Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Atlanta, GA
Services provided
35% Lighting Design35% Other Design30% Commercial Property ManagementAltair Sign & Light, an Other Design company, is located in Atlanta, Georgia. Founded in 2004, the team specializes in Other Design and Lighting Design.
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UndisclosedUndisclosed2 - 9Salt Lake City, UT
Services provided
100% Commercial DevelopmentUtah Commercial Contractors is a Salt Lake City, Utah-based Commercial Development company. Established in 1976, the team offers Commercial Development.
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UndisclosedUndisclosed2 - 9Draper, UT
Services provided
100% Commercial DevelopmentHeadquartered in Draper, Utah, Raddon Development is a small Commercial Development company. The team focuses on Commercial Development.
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UndisclosedUndisclosed2 - 9Eagle Mountain, UT
Services provided
100% Commercial DevelopmentHeadquartered in Eagle Mountain, Utah, Eagle Mountain Founders Group is a Commercial Development company. Launched in 1996, the team specializes in Commercial Development.
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UndisclosedUndisclosed2 - 9South Jordan, UT
Services provided
100% Commercial DevelopmentMomentum Development Group is a Commercial Development company. They are headquartered in South Jordan, Utah and have small team. Their team provides Commercial Development.
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UndisclosedUndisclosed2 - 9San Diego, CA
Services provided
100% Commercial Property ManagementEstablished in 2017, McGrath Property Management is a small Commercial Property Management company. Their team focuses on Commercial Property Management.
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UndisclosedUndisclosed2 - 9Holladay, UT
Services provided
100% Commercial Property ManagementRockworth Companies is a Commercial Property Management company. They are in Holladay, Utah and have small team. Their team focuses on Commercial Property Management.
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UndisclosedUndisclosed2 - 9Tampa, FL
Services provided
40% Lighting Design30% Commercial Property Management30% Interior DesignLaunched in 1997, Oasis Landscape Design is a small Lighting Design company. Their services include Lighting Design and Interior Design.
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UndisclosedUndisclosed2 - 9Logan, UT
Services provided
100% Commercial DevelopmentLandmark Companies, a small Commercial Development company, is based in Logan, Utah. The team focuses on Commercial Development.
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UndisclosedUndisclosed2 - 9Sandy, UT
Services provided
100% Commercial DevelopmentArbor is a Commercial Development company. Their small team is headquartered in Sandy, Utah. Their team specializes in Commercial Development.
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UndisclosedUndisclosed2 - 9Pleasant Grove, UT
Services provided
100% Commercial DevelopmentAll American Development Co is a small Pleasant Grove, Utah-based Commercial Development company. The team specializes in Commercial Development.
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UndisclosedUndisclosed2 - 9Draper, UT
Services provided
100% Commercial DevelopmentSmall Commercial Development company The Clawson Group, is in Draper, Utah. The team offers Commercial Development.
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UndisclosedUndisclosed2 - 9New Smyrna Beach, FL
Services provided
100% Commercial Brokerage ServicesIn New Smyrna Beach, Florida, Boss Commercial Real Estate is a small Commercial Brokerage Services company. The team specializes in Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Winter Park, FL
Services provided
70% Lighting Design30% Commercial Property ManagementSolaris Technology is a Lighting Design company. They were established in 2008 and provide Lighting Design and Commercial Property Management.
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UndisclosedUndisclosed2 - 9Tallahassee, FL
Services provided
100% Commercial Brokerage ServicesSmall Commercial Brokerage Services company Harrison Commercial Properties, is in Tallahassee, Florida. The team specializes in Commercial Brokerage Services.
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We evaluate service providers using a structured methodology that combines:
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- Comprehensive project details
- Market presence
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This data powers tools like the Leaders Matrix, which helps you compare agencies directly. Our research team curates rankings by weighing verified reviews most heavily, so the most trusted and experienced providers rise to the top.
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Rollover to see company insights or click a company below for more details.
A Clutch Leaders Matrix provides a broad view of the top-performing companies in a particular service or location. Each company featured in a Leaders Matrix is evaluated based on Focus and Ability to Deliver. The size of each circle indicates that company’s size.
By using verified reviews, focused service details, and real project data, the Leaders Matrix highlights companies that consistently deliver and stand out from the rest. Each company’s position is based on how well they focus on a service area and how consistently they deliver results, helping you make informed, confident decisions. Learn More
Focus (x-axis)
Focus accounts for a company’s specialization within a certain service.
Ability to Deliver (y-axis)
Ability to Deliver considers three criteria:
- Client feedback and reviews
- Work experience and previous projects
- Market presence and reputation in the industry
List of the Top 15 United States Real Estate Services
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UndisclosedUndisclosed2 - 9Denver, CO
Ability to deliver
30.1/40.017.4/20 Reviews7.2/10 Clients & Experience5.5/10 Market PresenceService focus
100% Commercial Brokerage Services -
$10,000+$100 - $149 / hr10 - 49Boca Raton, FL
Ability to deliver
26.4/40.016.2/20 Reviews4.3/10 Clients & Experience5.9/10 Market PresenceService focus
10% Commercial Brokerage Services10% Commercial Development70% Commercial Property Management10% Other -
UndisclosedUndisclosed10 - 49Bethesda, MD
Ability to deliver
23.9/40.016.2/20 Reviews2.1/10 Clients & Experience5.7/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed10 - 49Washington, DC
Ability to deliver
23.4/40.016.2/20 Reviews1.4/10 Clients & Experience5.7/10 Market PresenceService focus
20% Commercial Brokerage Services80% Commercial Property Management -
UndisclosedUndisclosed50 - 249San Diego, CA
Ability to deliver
23.1/40.017.4/20 Reviews0/10 Clients & Experience5.7/10 Market PresenceService focus
100% Commercial Brokerage Services -
Undisclosed$50 - $99 / hr50 - 249New York, NY
Ability to deliver
23/40.016.2/20 Reviews0.9/10 Clients & Experience5.9/10 Market PresenceService focus
100% Commercial Property Management -
UndisclosedUndisclosed2 - 9Charlotte, NC
Ability to deliver
24.4/40.016.6/20 Reviews1.4/10 Clients & Experience6.4/10 Market PresenceService focus
100% Commercial Brokerage Services -
$1,000+$50 - $99 / hr50 - 249Henderson, NV
Ability to deliver
22/40.017.4/20 Reviews0/10 Clients & Experience4.6/10 Market PresenceService focus
100% Commercial Development -
$1,000+$200 - $300 / hr10 - 49San Bernardino, CA
Ability to deliver
23.2/40.016.2/20 Reviews1/10 Clients & Experience6/10 Market PresenceService focus
30% Commercial Brokerage Services35% Commercial Development25% Commercial Property Management10% Other -
UndisclosedUndisclosed2 - 9Newport Beach, CA
Ability to deliver
24/40.016.2/20 Reviews3.3/10 Clients & Experience4.6/10 Market PresenceService focus
65% Commercial Development35% Commercial Property Management -
$5,000+$150 - $199 / hr2 - 9Ash, NC
Ability to deliver
23.7/40.016.2/20 Reviews3.5/10 Clients & Experience4/10 Market PresenceService focus
100% Commercial Development -
UndisclosedUndisclosed10 - 49Roselle, IL
Ability to deliver
22.5/40.016.8/20 Reviews0/10 Clients & Experience5.7/10 Market PresenceService focus
40% Commercial Brokerage Services20% Commercial Development30% Commercial Property Management10% Other -
UndisclosedUndisclosed2 - 9St. Pete Beach, FL
Ability to deliver
23.3/40.016.2/20 Reviews1.9/10 Clients & Experience5.2/10 Market PresenceService focus
100% Commercial Brokerage Services -
$1,000+Undisclosed2 - 9Dublin, OH
Ability to deliver
25/40.016.2/20 Reviews3.5/10 Clients & Experience5.3/10 Market PresenceService focus
90% Commercial Brokerage Services10% Other -
UndisclosedUndisclosed2 - 9Annapolis, MD
Ability to deliver
21.8/40.016.2/20 Reviews0.7/10 Clients & Experience4.9/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed2 - 9Los Angeles, CA
Ability to deliver
21.8/40.016.6/20 Reviews0/10 Clients & Experience5.2/10 Market PresenceService focus
100% Commercial Development -
UndisclosedUndisclosed10 - 49Houston, TX
Ability to deliver
24/40.015.6/20 Reviews3.1/10 Clients & Experience5.3/10 Market PresenceService focus
50% Commercial Brokerage Services25% Commercial Development25% Other -
$100,000+$150 - $199 / hr2 - 9Centennial, CO
Ability to deliver
20.8/40.016.2/20 Reviews0.6/10 Clients & Experience4/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed10 - 49Bellevue, WA
Ability to deliver
23.9/40.015.8/20 Reviews2.2/10 Clients & Experience5.9/10 Market PresenceService focus
20% Commercial Brokerage Services50% Commercial Property Management30% Other -
UndisclosedUndisclosed10 - 49Vero Beach, FL
Ability to deliver
16.9/40.016.2/20 Reviews0.7/10 Clients & Experience0/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed250 - 999Commerce, CA
Ability to deliver
16.2/40.016.2/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
30% Commercial Brokerage Services30% Commercial Development20% Commercial Property Management20% Other -
UndisclosedUndisclosed250 - 999New York, NY
Ability to deliver
16.2/40.016.2/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed50 - 249San Francisco, CA
Ability to deliver
16.2/40.016.2/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
70% Commercial Brokerage Services20% Commercial Property Management10% Other -
UndisclosedUndisclosed250 - 999Milwaukee, WI
Ability to deliver
16.2/40.016.2/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
25% Commercial Brokerage Services25% Commercial Development25% Commercial Property Management25% Other -
UndisclosedUndisclosed1,000 - 9,999Bellevue, WA
Ability to deliver
16.2/40.016.2/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed10 - 49Bethlehem, PA
Ability to deliver
16.2/40.016.2/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
100% Commercial Development -
UndisclosedUndisclosed2 - 9Phoenix, AZ
Ability to deliver
17.7/40.00/20 Reviews8/10 Clients & Experience9.7/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed50 - 249Seattle, WA
Ability to deliver
14.6/40.014.6/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed10 - 49San Jose, CA
Ability to deliver
14.6/40.014.6/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
100% Commercial Brokerage Services -
UndisclosedUndisclosed250 - 999Atlanta, GA
Ability to deliver
14.6/40.014.6/20 Reviews0/10 Clients & Experience0/10 Market PresenceService focus
30% Commercial Brokerage Services35% Commercial Development35% Commercial Property Management
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U.S. Commercial Real Estate FAQs
Carefully assess alignment, proof, and process by considering these factors:
- Asset/geography fit – Look for recent, relevant transactions in your target submarket and asset class.
- Seniority and bench strength – Confirm day-to-day team leads, not just pitch partners.
- Data and marketing – Ask about their comps sources, research methodology, investor lists, and digital campaign reach for sales assignments.
- Conflicts and representation – Clarify dual-agency policies and how they manage competing assignments.
- Credentials – State licensing plus designations like SIOR, CCIM, CPM, or MAI for specialized work.
- Results and references – Review verified Clutch reviews, case studies, absorption/pricing outcomes, and time-to-close metrics.
Shortlist 3–5 agencies, share a clear brief with KPIs and constraints, and run a structured interview/RFP that requires strategy, timelines, and reporting cadence.
U.S.-based CRE agencies bring on-the-ground intelligence that’s hard to replicate remotely. Regulations, zoning, union rules, and incentive programs vary by state and even municipality, so you’ll benefit from a team that knows local entitlements, tax abatements, and permitting timelines. They also maintain real-time comps and deep relationships with landlords, buyers, lenders, and city officials, helping you uncover off-market opportunities and negotiate better terms.
For instance, life sciences leasing around Boston and the Bay Area requires lab-ready specs and power constraints; high-throughput industrial in the Inland Empire or Dallas–Fort Worth hinges on yard depth, trailer parking, and proximity to intermodal nodes.
Pricing depends on factors like scope, asset class, market, and deal size. On Clutch, most U.S.-based commercial real estate firms charge:
- Leasing commissions: Often 3%–6% of the total lease value, typically split between landlord and tenant representatives.
- Investment sales fees: Generally 1%–4% of the transaction value; larger deals trend toward lower percentages.
- Property management: Typically 2%–5% of effective gross income, with monthly minimums for smaller properties.
- Advisory/consulting: $150 – $500+ per hour for strategy, site selection, or portfolio optimization; fixed-fee studies can range from $3,000 – $25,000+ based on complexity.
- Owner’s rep/project management: Monthly retainers or percentage-of-cost (often 2%–5%) depending on delivery model and scope.
Always confirm what’s included (marketing, analytics, travel, tech platforms) and clarify exclusivity and cancellation clauses before signing.
U.S.-based firms cover a broad spectrum of markets based on asset types and occupier needs:
- Asset classes — Office, industrial/logistics, retail, multifamily, hospitality, medical office/healthcare, life sciences, self-storage, data centers, and mixed-use.
- Occupier sectors — Technology, finance, e-commerce, manufacturing, media/entertainment, biotech/pharma, education, nonprofit/public sector, and professional services.
Many agencies maintain specialized teams (e.g., healthcare leasing, life sciences conversions, last-mile distribution) to align with sector-specific regulations and build-out standards.
- Vague or outdated comps, or reluctance to share methodology.
- Pressure to sign exclusive agreements before scoping deliverables and exit terms.
- Overpromising on pricing or timelines without a concrete go-to-market plan.
- Limited local presence or thin track record in your submarket/asset class.
- Undisclosed dual agency or unclear conflict-of-interest practices.
- Poor marketing collateral for sales listings (weak photography, no floor plans or data room).
- Missing state licenses, few verifiable references, or high staff turnover.
If communication is sporadic during the pitch, expect the same post-engagement.
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