Managing your properties on your own is one way to maximize your profits from a commercial real estate investment, but it does come at a significant cost. Especially for investors with multiple or large buildings, property management often isn’t a feasible thing to handle in-house on your own. This is especially true for anyone who owns more specialized assets, like office buildings, medical offices, or distribution centers.

As a result, the third-party property management sector is alive and well, and it’s not just for huge investors with millions of square feet under ownership. Professional property management can boost your investment’s value — and it also may be required by the terms of your commercial property loan.

So: Who are the best property management companies? We compiled our top 10 list of property managers for the year below.

We looked at several top property management company rankings, including Commercial Property Executive’s, and balanced portfolio sizes with each company’s rate of growth to determine our final ranking.

If you're looking for our annual ranking of top multifamily property managers, you can find it on Multifamily Loans.

The Top 10 Commercial Property Managers of 2023

* The square footage figures were reported by Commercial Property Executive.

10. Weitzman

Founded in 1971, Weitzman has a long history as a retail commercial property manager. The firm is focused on the four major Texas metropolitan areas, where it had more than 24 million square feet of retail and office space in its management portfolio at the end of 2021. Even more impressive is the fact that the group has expanded at a rapid pace of about 10% over the year.

9. SVN International

Based in Boston, SVN International is a full-service commercial real estate company that handles virtually all types of properties, from multifamily to marinas and everything in between. While the bulk of the firm’s activity is in the U.S., the company has more than 200 global offices in six countries. Today, SVN has around 57 million square feet in its management portfolio, according to its website.

8. HSA Commercial Real Estate

HSA Commercial Real Estate has a mix of more than 150 properties across the country. Based in downtown Chicago, the firm manages a rather diverse portfolio of nearly 16 million square feet, including retail, office, industrial, and medical facilities. HSA also has an extensive history as an active commercial real estate developer, with more than 100 million square feet of projects completed or underway.

7. CBRE

There must be a mistake, I hear you saying. Nope: While CBRE is, indeed, the world’s largest commercial real estate property management company — it collectively manages approximately 2.7 billion square feet in more than 40 countries — but its growth rate puts it further down our list. Still, even 1.4% growth is truly impressive, given the size of the portfolio. CBRE manages nearly every type of commercial property, with one exception: The firm does not handle multifamily assets.

6. Foundry Commercial

Based in Orlando, Foundry Commercial oversees nearly 40 million square feet of office, retail, and industrial real estate across much of the Sun Belt region, from California to North Carolina. The firm expanded its portfolio by a little more than 13% in 2021, and is set to continue its growth. Beyond property management, Foundry also is an active investor and developer, particularly in the Orlando area.

5. Newmark

While many may be more familiar with Newmark’s leasing or capital markets brokerage side, the firm is heavily involved in property management to the tune of 205 million square feet. The company is involved with most types of properties, from office, industrial, and retail to more specialized types of assets like data centers. Given its size, Newmark’s annual growth rate of 12% is particularly impressive, landing it in fifth place.

4. Lincoln Property Company

Dallas-based Lincoln Property Company opened for business in 1965, and the firm has been active as a developer and manager ever since. The company had close to 300 million square feet in its management portfolio at the end of 2021, an impressive 17% growth in a one-year period. LPC focuses on a broad variety of commercial properties, from multifamily to modern industrial facilities.

3. Cushman & Wakefield

One of the most easily recognizable companies in the commercial real estate world, Cushman & Wakefield is also one of the largest property managers, with 4.8 billion square feet in its portfolio at the start of last year. The firm has had massive growth in recent years, particularly in the multifamily sector after its acquisition of Pinnacle Property Management Services in 2020. The company also manages a sizable portfolio of office, industrial, and retail assets, spanning the globe from Kosovo to Kazakhstan.

2. Colliers

Colliers International takes the second spot on our list this year. Its 2.5 billion-square-foot management portfolio is impressive, yes, and its growth skyrocketed in 2021, increasing by an incredible 22.9%. The firm has continued expanding, too: In late 2022, it acquired Arcadia Management, along with its 60 million-square-foot portfolio. Colliers operates in more than 60 countries today and handles virtually all types of commercial real estate.

1. JLL

JLL comes in first place on our list, owing to its 2.7 billion square feet under management — which is a staggering increase of 33.5% over the previous year. The company’s property management division is exclusively dedicated to the office, industrial, and retail sectors. Beyond this, of course, the firm also handles commercial leasing and investment activity.