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
15 Leaders 15 Contenders
13,501 Companies
List of the Top United States Real Estate Services
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UndisclosedUndisclosed2 - 9Atlanta, GA
Services provided
100% Commercial Brokerage ServicesStratus Property Group, LLC is a Commercial Brokerage Services company. They are based in Atlanta, Georgia. Their team offers Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9San Diego, CA
Services provided
50% Commercial Brokerage Services50% Commercial Property ManagementPruett Realty is a Commercial Brokerage Services and Commercial Property Management company. Their services include Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Redmond, WA
Services provided
70% Commercial Property Management30% Commercial DevelopmentCommercial Property Management company Comble Property Management focuses on Commercial Property Management and Commercial Development. They were launched in 2006.
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UndisclosedUndisclosed2 - 9Ventura, CA
Services provided
100% Commercial Brokerage ServicesBased in Ventura, California, Coastlands Group is a small Commercial Brokerage Services company. Their services include Commercial Brokerage Services.
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$1,000+$100 - $149 / hr2 - 9Seattle, WA
Services provided
100% Commercial DevelopmentHandyman Rescue Team is a Commercial Development company located in Seattle, Washington. Their services include Commercial Development.
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UndisclosedUndisclosed2 - 9Allentown, PA
Services provided
50% Commercial Brokerage Services50% Commercial DevelopmentKW Commercial-The James Balliet Commercial Group is a Commercial Brokerage Services and Commercial Development company. Their team offers Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Anaheim, CA
Services provided
100% Commercial Brokerage ServicesEstablished in 2012, Keyz Group is a Commercial Brokerage Services company. The team specializes in Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Mission Viejo, CA
Services provided
100% Commercial Brokerage ServicesCalifornia Business Brokers is a small Mission Viejo, California-based Commercial Brokerage Services company. The team offers Commercial Brokerage Services.
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$250,000+Undisclosed2 - 9Hartsville, SC
Services provided
80% Commercial Brokerage Services20% Commercial Property ManagementCHOICE REALTY, INC. Is a small Hartsville, South Carolina-based Commercial Brokerage Services company. The team provides Commercial Brokerage Services and Commercial Property Management.
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$50,000+Undisclosed2 - 9Santa Ana, CA
Services provided
100% Commercial Property ManagementSmall Commercial Property Management company Shelly Eshelman Realty | Realtors Santa Ana, CA, is headquartered in Santa Ana, California. The team specializes in Commercial Property Management.
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$1,000+Undisclosed2 - 9Hauppauge, NY
Services provided
100% Commercial Property ManagementEstablished in 2016, Global Mold Solutions Llc is a Commercial Property Management company. The team provides Commercial Property Management.
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UndisclosedUndisclosed2 - 9New York, NY
Services provided
100% Commercial Property ManagementYour Local Locksmith is a Commercial Property Management company located in New York, New York. They focus on Commercial Property Management and were founded in 2010.
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UndisclosedUndisclosed2 - 9Brooklyn, NY
Services provided
100% Commercial Property ManagementEstablished in 2015, Locksmith Williamsburg Brooklyn is a Commercial Property Management company. The agency provides Commercial Property Management.
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UndisclosedUndisclosed2 - 9Groton, CT
Services provided
100% Commercial Property ManagementKaitlyn’s House Cleaning Service, a Commercial Property Management company, was established in 2016. They provides Commercial Property Management.
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UndisclosedUndisclosed2 - 9Las Vegas, NV
Services provided
100% Commercial Property ManagementDr Locksmith Las Vegas, a Commercial Property Management company, is located in Las Vegas, Nevada. They focus on Commercial Property Management and were founded in 2013.
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UndisclosedUndisclosed2 - 9North Las Vegas, NV
Services provided
100% Commercial Property ManagementAll Day Locksmith is a Commercial Property Management company headquartered in North Las Vegas, Nevada. The team focuses on Commercial Property Management.
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UndisclosedUndisclosed2 - 9Bellevue, WA
Services provided
100% Commercial Property ManagementSafety Locksmith is a small Commercial Property Management company founded in 2013. Their team focuses on Commercial Property Management.
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UndisclosedUndisclosed2 - 9Tacoma, WA
Services provided
100% Commercial Property ManagementEstablished in 2013, Peak Locksmith is a Commercial Property Management company. The agency specializes in Commercial Property Management.
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UndisclosedUndisclosed2 - 9Los Angeles, CA
Services provided
100% Commercial Property ManagementLocksmith Liberty is a small Commercial Property Management company founded in 2013. Their services include Commercial Property Management.
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UndisclosedUndisclosed2 - 9Camarillo, CA
Services provided
100% Commercial Property ManagementMarching Maids, a Commercial Property Management company, was established in 2015. The team offers Commercial Property Management and is based in Camarillo, California and Ventura, California.
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$100,000+Undisclosed2 - 9Riverview, FL
Services provided
100% Commercial DevelopmentSW Florida Builders Group is a small Commercial Development company in Riverview, Florida. The team provides Commercial Development.
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$1,000+$25 - $49 / hr2 - 9Lincoln, DE
Services provided
100% Commercial Property ManagementLewisElectric is a small Commercial Property Management company in Lincoln, Delaware and Lincoln, Delaware. The team specializes in Commercial Property Management.
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UndisclosedUndisclosed2 - 9Las Vegas, NV
Services provided
100% Commercial Property ManagementShark City Locksmith Las Vegas is a Commercial Property Management company established in 2013. The team focuses on Commercial Property Management.
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$1,000+$50 - $99 / hr2 - 9Louisburg, NC
Services provided
50% Commercial Brokerage Services50% Commercial Property ManagementRaynor Realty is a Commercial Brokerage Services and Commercial Property Management company founded in 1987. Their services include Commercial Brokerage Services and Commercial Property Management.
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$1,000+$25 - $49 / hr2 - 9Paramus, NJ
Services provided
100% Commercial Brokerage ServicesFounded in 2023, KittenProperties is a small Paramus, New Jersey-based Commercial Brokerage Services company. Their services include Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Los Altos, CA
Services provided
100% Commercial DevelopmentHome WiP Pre-Construction Concierge, a Commercial Development company, was founded in 2019. Based in Los Altos, California, the team provides Commercial Development.
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$1,000+Undisclosed2 - 9Phoenix, AZ
Services provided
100% Commercial DevelopmentCommercial Development company JM Custom Iron Work was founded in 2001. The team provides Commercial Development.
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UndisclosedUndisclosed2 - 9Memphis, TN
Services provided
100% Commercial Property ManagementAdvanced Memphis Locksmith is a Commercial Property Management company. They are headquartered in Memphis, Tennessee and Memphis, Tennessee. Their team provides Commercial Property Management.
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UndisclosedUndisclosed2 - 9Bozeman, MT
Services provided
100% Commercial Property ManagementDoctor Clean LLC is a Commercial Property Management company. Launched in 1983, the team focuses on Commercial Property Management.
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$1,000+< $25 / hr2 - 9Oakland, CA
Services provided
100% Commercial Property ManagementCarpet Cleaning Oakland LLC, a Commercial Property Management company, was established in 2000. The agency focuses on Commercial Property Management, and is small.
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$1,000+< $25 / hr2 - 9St. Petersburg, FL
Services provided
100% Commercial Property ManagementEstablished in 2021, Bed Bug Exterminator, a small Commercial Property Management company, is based in St. Petersburg, Florida. Their team offers Commercial Property Management.
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UndisclosedUndisclosed2 - 9Bozeman, MT
Services provided
100% Commercial Property ManagementSmall Commercial Property Management company Elite Commercial Cleaning, is located in Bozeman, Montana. The team specializes in Commercial Property Management.
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$10,000+$100 - $149 / hr2 - 9Gilbert, AZ
Services provided
100% Commercial Property ManagementPool Resurfacing Plus is a Commercial Property Management company located in Gilbert, Arizona. Established in 2008, the team offers Commercial Property Management.
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$1,000+$100 - $149 / hr2 - 9Cathedral City, CA
Services provided
100% Commercial Property ManagementCathedral City Pool Resurfacing Pros is a Cathedral City, California-based Commercial Property Management company. Established in 2008, the team focuses on Commercial Property Management.
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UndisclosedUndisclosed2 - 9Los Angeles, CA
Services provided
100% Commercial Property ManagementNiagara Carpet & Cleaning Systems is a Commercial Property Management company founded in 2020. The small team specializes in Commercial Property Management.
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UndisclosedUndisclosed2 - 9Cape Coral, FL
Services provided
100% Commercial DevelopmentDouglas Brooke Homes is a Commercial Development company. They are based in Cape Coral, Florida and have small team of experts. Their services include Commercial Development.
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UndisclosedUndisclosed2 - 9North Pekin, IL
Services provided
100% Commercial DevelopmentA&B Construction & Restoration is a Commercial Development company. The company is located in North Pekin, Illinois. Their team offers Commercial Development.
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UndisclosedUndisclosed2 - 9Chicago, IL
Services provided
100% Commercial Brokerage ServicesCANVAS Real Estate, a small Commercial Brokerage Services company, is headquartered in Chicago, Illinois. The team offers Commercial Brokerage Services.
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UndisclosedUndisclosed2 - 9Jacksonville, FL
Services provided
100% Commercial Property ManagementGokey Locksmiths LLC was launched in 2023. The team offers and is headquartered in Jacksonville, Florida.
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UndisclosedUndisclosed2 - 9North Ridgeville, OH
Services provided
100% Commercial Property ManagementNorth Ridgeville Pro Locksmith is a Commercial Property Management company. In North Ridgeville, Ohio, the team provides Commercial Property Management.
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UndisclosedUndisclosed2 - 9Tucson, AZ
Services provided
50% Commercial Brokerage Services50% Commercial Property ManagementCommercial Brokerage Services and Commercial Property Management company A Level Up Realty is in Tucson, Arizona. They focus on Commercial Brokerage Services and Commercial Property Management.
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UndisclosedUndisclosed2 - 9Port Richey, FL
Services provided
100% Commercial Property ManagementFarrell Plumbing is a Commercial Property Management company. They focus on Commercial Property Management and were launched in 2024. The company is headquartered in Port Richey, Florida.
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UndisclosedUndisclosed2 - 9Fayetteville, NC
Services provided
100% Commercial DevelopmentCommercial Development company Heavenly Throne Plumbing is in Fayetteville, North Carolina and Fayetteville, North Carolina. The team offers Commercial Development.
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$5,000+Undisclosed2 - 9Keller, TX
Services provided
50% Commercial Development50% Commercial Property ManagementLaunched in 2007, Tout Construction Services is a Commercial Property Management and Commercial Development company. The team focuses on Commercial Property Management and Commercial Development.
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$1,000+$100 - $149 / hr2 - 9Nashville, TN
Services provided
100% Commercial Property ManagementLaunched in 2001, Happy Client Cleaning Service is a small Commercial Property Management company in Nashville, Tennessee. Their team offers Commercial Property Management.
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Undisclosed$25 - $49 / hr2 - 9Las Vegas, NV
Services provided
100% Commercial Property ManagementRhinox Locksmith Las Vegas is a Commercial Property Management company located in Las Vegas, Nevada. They provide Commercial Property Management.
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UndisclosedUndisclosed2 - 9Milwaukee, WI
Services provided
100% Commercial Property ManagementCommercial Property Management company Sparkly House Cleaning Milwaukee is based in Milwaukee, Wisconsin. Founded in 2010, the team specializes in Commercial Property Management.
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UndisclosedUndisclosed2 - 9Houston, TX
Services provided
100% Commercial Property ManagementMy Garage And Gates is a Commercial Property Management company. Launched in 2021, their team specializes in Commercial Property Management.
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UndisclosedUndisclosed2 - 9Phoenix, AZ
Services provided
100% Commercial Property ManagementMopstar Cleaners is a Commercial Property Management company established in 2023. Based in Phoenix, Arizona, the team offers Commercial Property Management.
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$1,000+Undisclosed2 - 9New York, NY
Services provided
100% Commercial Property ManagementAir Repair LLC is a Commercial Property Management company launched in 2010. The small team provides Commercial Property Management.
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Every review on Clutch undergoes a rigorous, human-led verification process to make sure it’s valid. Our team of specialists confirms the identity of each reviewer, ensures the project is legitimate, and only publishes reviews that meet our strict criteria.
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We evaluate service providers using a structured methodology that combines:
- In-depth client interviews and ratings
- Comprehensive project details
- Market presence
- Portfolio examples and industry recognition
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.
Using this unique combination of verified client feedback and provider-supplied insights, Clutch distills the most important details into clear, digestible summaries so you have everything you need to make confident, informed decisions quickly.
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Clutch’s commitment to transparency is ongoing. We’re constantly refining our systems to protect the integrity of reviews and support you in finding the right agency.
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
29.7/40.017/20 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 -
UndisclosedUndisclosed2 - 9Charlotte, NC
Ability to deliver
25.4/40.017.6/20 Reviews1.4/10 Clients & Experience6.4/10 Market PresenceService focus
100% Commercial Brokerage Services -
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 -
$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 -
$1,000+$50 - $99 / hr50 - 249Henderson, NV
Ability to deliver
21.8/40.017.2/20 Reviews0/10 Clients & Experience4.6/10 Market PresenceService focus
100% Commercial Development -
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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