When franchisees sign on the dotted line, one of the priorities is finding the perfect location. This is often handled by commercial real estate companies that specialize in tenant representation.
This phase, which obviously only applies to franchise locations that require a physical presence, is often referred to as the location selection process. The new franchisee or tenant will look for a prime location to set up a store, often with direct assistance from the franchisor. These commercial real estate professionals not only work on finding the right location, but also represent the tenant in negotiations on square footage and lease terms.
Regardless of the specific location requirements, sometimes imposed by the franchisor, these real estate representatives apply an up-to-date market analysis in the area to find the best possible solution. In addition, they specialize in finding locations for various types of franchise locations, including retail, office, industrial and land.
Related: Key Trends That Will Boost Commercial Real Estate in 2022
businesskinda.com is proud of our annual ranking of Top Franchise Suppliers, a multifaceted list of the best of the best service providers in the industry. If you are a franchisor or franchisee in need of a new location, check out the Top 10 Commercial Real Estate Companies that have each earned a well-deserved spot on our 2022 list.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue).
The company has more than 105,000 employees (excluding Turner & Townsend employees) and serves customers in more than 100 countries. CBRE operates globally, serving a wide range of clients with an integrated suite of services, including facilities, transaction and project management, as well as property management, investment management, valuation and appraisal, real estate leasing, strategic consulting, real estate sales, mortgage services and development services.
LocateAI has been a leader in retail real estate analytics for over five years – long before “artificial intelligence” became a sales buzzword – using machine learning algorithms and 175,000 variables at the count block level to build predictive analytics and market strategy maps for growing retailers.
LocateAI Services is the world’s first AI-powered retail real estate brokerage. It addresses the two main concerns of retailers for not using modern technology to drive their real estate decision-making: cost and bandwidth. Valuable datasets are precious and are only useful if a retailer has the time to compile, interpret and review all relevant data points for each site in their real estate pipeline. LocateAI is headquartered in San Francisco, California, but the scope of its services reaches the entire US
3. RESOLUT RE
RESOLUT RE (formerly Retail Solutions) represents tenants in all 50 US states and up to 77 countries worldwide, providing free market analysis and location selection to their customers.
Studies and reports, worth tens of thousands of dollars with other providers, are provided free of charge to customers already involved with RESOLUT RE for site selection services. The company’s headquarters are located in Austin, Texas.
Related: Know Your Rights When It Comes to Commercial Property Rentals, Reap the Benefits
4. Coldwell Banker
Powered by its network of more than 91,000 affiliated sales professionals in 3,000 offices worldwide, Coldwell Banker is a leading provider of full-service brokerage services for residential and commercial real estate.
The brand’s mission is to empower its people to make their mark in the real estate world. Coldwell Banker is proud of its history of expertise and honesty since its inception in 1906. The brand is committed to equipping its network of sales professionals with the tools and insights needed to excel in today’s marketplace and is known for its bold leadership and dedication to driving the industry forward with big data. The company’s headquarters are located in Madison, NJ.
5. Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading professional real estate services and wealth management company.
With offices in 68 countries, more than 15,000 entrepreneurial professionals work together to provide expert advice to maximize property value for property users, owners and investors. For more than 25 years, Colliers’ experienced leadership, which owns approximately 40% of its equity, has delivered a nearly 20% compound annual return on investment for shareholders. In 2019, operating revenues exceeded $3 billion ($3.5 billion including affiliates), with $33 billion in assets under management in the investment management segment. Colliers International is headquartered in Toronto.
6. Morning Hill
Morrow Hill offers world-leading corporate and franchise real estate strategies.
Headquartered in Dallas, the company’s clients receive the best property presentation and exceptional real estate services to meet all their commercial leasing and real estate needs. Morrow Hill always exclusively assists tenants in their lease negotiations. The company prides itself on having unparalleled access to every option in the market and meeting its clients’ long-term real estate goals through our single point-of-contact model. Clients can avail of the following services: nationwide real estate portfolio management, transaction management, franchise management and rental administration.
Related: Three Ways to Beat Real Estate Market Drops
7. Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services company delivering exceptional value to occupiers and property owners.
Cushman & Wakefield is one of the largest real estate services companies in the world, with approximately 50,000 employees in more than 400 offices and 60 countries. In 2020, the company had revenues of $7.8 billion in core services of real estate, facilities and project management, leasing, capital markets, valuation and other services. Cushman & Wakefield, headquartered in Chicago, has a global presence to serve the needs of commercial real estate.
Fischer is a Texas-based global corporate real estate services company focused solely on minimizing costs and maximizing operational efficiency for tenants and owner-occupiers.
Fischer provides transaction management, tenant representation, rental administration and technology solutions to Fortune 500 companies. Fischer’s technology platform connects data from HR, procurement, CRE, facilities management, accounting, finance, legal and other shared business services into a comprehensive end-to-end business management solution. Fischer is headquartered in Dallas.
Newmark Group, Inc. (Nasdaq: NMRK) along with its subsidiaries (“Newmark”) is a global leader in commercial real estate, seamlessly managing every stage of the real estate lifecycle.
Newmark’s comprehensive range of services and products is uniquely tailored for each customer, from owners to users, investors to founders and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging real estate markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenue of nearly $3.1 billion for the twelve months ended March 31, 2022. Newmark’s headquarters are located in New York City, Newmark’s proprietary offices, along with its business partners, operate from approximately 170 offices with 6,300 professionals around the world.
Keyser is engaged in commercial retail leasing for franchise brands in the US and Canada.
As a leading commercial leasing and brokerage firm, Keyser believes that your brand is more than just a logo and a product: it is an environment, a culture, a way of life. While no single attribute defines a brand, many attributes play a role in how your customers perceive your brand, including your retail location and space. From planting your very first roots to expanding to your hundredth location, Keyser is here to help you every turn. The company’s franchise specialists combine deep market knowledge and experience with best-in-class demographic and psychographics to identify optimal locations and negotiate ideal terms. Keyser is headquartered in Scottsdale, Arizona.
Related: Refinancing Cash Out: What Is It And Why Is It Useful For Commercial Real Estate?
Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.