For the fifth year in a row, CB Richard Ellis emerged as the nationâs leader in overall real estate investment sales having sold more than $28 billion in U.S. Property in 2004, equating to a market leading position of 15.8 percent.
The findings were announced in reports issued by Real Capital Analytics (RCA), a national research and consulting firm which tracks national property sales of office, industrial, retail, and apartment properties valued in excess of $5 million.
CBREâs sales activity was up 65 percent over 2003, compared to an average increase of 50 percent registered in the market. In 2004, the company brokered twice as many transactions as any other firm surveyed.
âIn addition to strong market fundamentals and increased demand, we attribute our successful performance to having added to the depth of our already strong team with the recruitment of a number of âstar athletesâ in the last six months,â said Gregory S. Vorwaller, CBRE President of Investment Properties, âeach of whom have significantly enhanced our skill level and generated additional business. We anticipate the high volume of investment activity to continue, especially as the capital flows continue to mount and interest rates remain low on an historic basis.â
Other findings include:
- Across all property types, CBRE sold more than twice as many properties as any other firm;
- In the multifamily sector, CBREâs sales represented 21 percent of total volume;
- In the industrial sector, CBREâs sales represented 18.6 percent of total volume;
- CBREâs office sales in 2004 were nearly double those of the prior year.
Source: CB Richard Ellis