The results are in and business is looking brighter for the commercial real estate industry.
The five largest commercial real estate services firms have told Wall Street in recent weeks that they now expect record or near-record profits in 2025 — just two years after they were in full cost-cutting mode during the steepest real estate downturn since the Great Recession. Marcus & Millichap also saw a lift, posting its first quarterly profit of the year.
"Things have clearly turned around," Mark Lammas, president of office property owner Hudson Pacific Properties, told CoStar News.
Here's a recap of our coverage:
article
5 Min Read
November 10, 2025 06:33 PM
The office market is expected to drive 2025 results to pre-pandemic levels.
article
2 Min Read
November 04, 2025 04:39 PM
The Toronto-based firm is taking a guarded outlook for the year during an uneven capital markets recovery.
article
1 Min Read
November 05, 2025 04:52 PM
The Chicago-based firm joined its rivals in posting double-digit revenue gains for the third quarter.
article
2 Min Read
October 30, 2025 04:58 PM
The commercial real estate brokerages posted higher profit.
article
4 Min Read
October 23, 2025 12:33 PM
The world's largest commercial real estate services firm is on track to set an earnings record in 2025, executives said.
article
2 Min Read
November 07, 2025 04:45 PM
An executive sees an "inflection point’ in the investment brokerage’s finances after years of losses.