Brokerage valuation groups
Valuation and advisory arms of the large commercial brokerages, from their filings.
Last updated: 2026-10-20
We do not score appraisal firms. Appraisal quality shows up in individual reports, which we cannot review. The brokerages listed here keep their existing scores on their commercial brokerage reviews; those scores are not about valuation. Firms are listed alphabetically.
Valuation revenue, as each firm reports it
| Firm | Line in the filing | 2025 | Change |
|---|---|---|---|
| CBRE | Valuation | $815M | from $751M |
| Cushman & Wakefield | Valuation and other | $480.7M | +9% |
| JLL | Value and Risk Advisory | $379.6M | from $373.0M |
| Newmark | Valuation & Advisory | Not disclosed | +22.9% |
| Colliers | Valuation and advisory (in outsourcing) | Not disclosed | Led 7% outsourcing growth |
Each firm defines its line differently, so this is not a ranking. JLL’s includes business valuation and property tax; Cushman & Wakefield’s includes appraisal management and investment management.
Profiled in this segment
CBRE Valuation & Advisory
Valuation business line inside CBRE’s Advisory Services segment.
The largest valuation revenue figure we found in a filing: $815M in 2025, up from $751M.
Profile and sources →Colliers Valuation & Advisory
Part of Real Estate Services outsourcing revenue.
Colliers says valuation and advisory was the main driver of its outsourcing growth in 2025 and in Q4.
Profile and sources →Cushman & Wakefield Valuation & Advisory
Service line reported as ‘Valuation and other’.
Lists appraisal management among its valuation services.
Profile and sources →JLL Value and Risk Advisory
Service line in JLL’s Capital Markets Services segment.
Grew 2% in 2025 while JLL’s investment sales and debt advisory revenue grew 24%.
Profile and sources →Newmark Valuation & Advisory
Reported inside Management Services, Servicing Fees and Other.
Fastest disclosed valuation growth here: 22.9% in 2025, plus the Nov 2025 purchase of Catella Valuation Advisors in Paris.
Profile and sources →Who each is actually for
Based on what the cited sources say, not on reviews. If we had no source, the cell is left out.
| Firm | Fit signals from the sources |
|---|---|
| CBRE Valuation & Advisory | Lenders and institutional owners needing appraisals across many markets. Owners wanting valuation, condition reports and environmental work from one firm. |
| Colliers Valuation & Advisory | Owners and lenders already using Colliers for leasing or management. |
| Cushman & Wakefield Valuation & Advisory | Lenders that want a firm to manage a panel of appraisers. Owners with Asia-Pacific portfolios, where its valuation line is larger than in the Americas. |
| JLL Value and Risk Advisory | Owners and lenders who also want property tax and litigation consulting. Corporate clients needing business valuations alongside real estate appraisals. |
| Newmark Valuation & Advisory | Lenders and owners who want faster turnaround backed by large comparable-sales datasets. Clients with French assets, after the Catella deal. |
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Section published: hub, three sub-hubs, eight profiles and three comparisons, from filings and firm pages read this day.
Sources
- CBRE Group 10-K for FY2025 (SEC) · accessed 2026-10-20
- Colliers FY2025 results release (Feb 13, 2026) · accessed 2026-10-20
- Cushman & Wakefield Ltd. 10-K for FY2025 (SEC) · accessed 2026-10-20
- JLL (Jones Lang LaSalle) Form 10-K for 2025 · accessed 2026-10-20
- Newmark Group 10-K for FY2025 (SEC) · accessed 2026-10-20