Strategic Growth & Financial Overview
CRE Services is a Large and Highly Fragmented Global
Market with Strong Growth
Global CRE Total Addressable Market (TAM) - FY 2021
$400B+
Global Revenue TAM
+70% since 2017
Top 10 CRE Services
Firms, <20%
Drivers of Global TAM
Increased industry
transaction volumes
Increased
outsourcing by CRE
owners & occupiers
Largest CRE
services
firms expanding
offerings
Remaining
Firms, 80%+
Notes: The total addressable market ("TAM") represents actual and estimated FY21 revenues earned globally by public and private commercial real estate services firms as well as potential revenues
from services currently performed in-house. The TAM includes the global markets for the areas in which Newmark currently operates, as well as areas in which our public CRE services peers operate
but where Newmark currently does not, such as real estate investment management. The top 10 CRE services companies are as measured by FY21 global total revenues include, in order: CBRE,
JLL, Cushman & Wakefield, Colliers, Savills, Newmark, Marcus & Millichap, Walker & Dunlop, and Knight Frank (all per public disclosures). In addition, the top ten includes Avison Young as estimated
based on their GVA acquisition press release on 2/1/19 and extrapolated to 2021 at the average growth rate of the other companies included.
Sources: IBIS World, Oxford Economics, Citigroup, Bloomberg, ANREV, INREV, NCREIF, NAREIT, MSCI, Investment Property Forum (UK), National Bureau of Statistics of China, US Bureau of
Economic Analysis, US Census Bureau, US Federal Reserve, public filings and press releases by the companies mentioned, and Newmark's estimate.
Newmark has significant
opportunities for growth by
Acquiring
Expanding into new CRE service lines
(and cross-selling to existing customers)
Expanding internationally (currently 5% of our
business is non-US); international is 70%+ of
global TAM
NEWMARK 9View entire presentation