Marcus & Millichap
Marcus & Millichap is a publicly traded (NYSE: MMI) commercial real estate investment brokerage operating 80+ North American offices with 1,808 professionals, providing investment sales, debt and equity financing, research, and advisory services to private and institutional investors.
- Company typePublic
- Founded1971
- HeadquartersCalabasas, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Marcus & Millichap does
Marcus & Millichap, Inc. (NYSE: MMI) is a publicly traded commercial real estate investment brokerage and capital markets services firm founded in 1971 and headquartered in Calabasas, California. The company operates through 1,808 investment sales and financing professionals across more than 80 offices in the United States and Canada, executing approximately 8,818 transactions worth $50.9 billion in 2025. It serves both private investors transacting in the $1–20 million range, which account for roughly 65% of brokerage revenue, and institutional investors serviced through its Institutional Property Advisors (IPA) division. Supporting businesses include 1031 exchange services, commercial property auctions, loan sales, a Global Capital Division, and the MyMMI client portal.
The firm's product platform spans the full commercial real estate transaction lifecycle: investment sales brokerage, debt and equity financing via Marcus & Millichap Capital Corporation (MMCC) and IPA Capital Markets, proprietary research and market intelligence, and—launched in June 2026—a Preferred Partner Program connecting clients with curated third-party providers for insurance, tax strategies, and risk management (anchored by Brown & Brown). Technology is positioned as a productivity layer for the broker force rather than a customer-facing differentiator, with management emphasizing AI deployment to automate labor-intensive tasks while preserving the value-added broker function. The firm holds two core wholly-owned operating subsidiaries (MMCC and IPA) and operates a research division that publishes property-type forecasts and economic briefs.
Marcus & Millichap earns revenue primarily through transaction-based commissions on CRE investment sales and through financing fees from arranging debt and equity capital. Brokerage commissions are negotiated deal-by-deal; financing revenue is tied to capital markets volume. FY2025 revenue totaled $755.2 million (up 8.5% YoY), with Q1 2026 revenue of $171.5 million (up 18.2% YoY) reflecting acceleration driven by a 60% rise in financing volume. Distribution is overwhelmingly direct, executed through the field sales force and market leader structure, supplemented by content marketing via research publications, industry conference participation (ICSC, NAIOP, CSSA), and corporate social channels.
Marcus & Millichap firmographics
Firmographics- Name
- Marcus & Millichap
- Legal name
- Marcus & Millichap, Inc.
- Website
- https://marcusmillichap.com
- Company type
- Public
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Marcus & Millichap is a publicly traded (NYSE: MMI) commercial real estate investment brokerage operating 80+ North American offices with 1,808 professionals, providing investment sales, debt and equity financing, research, and advisory services to private and institutional investors.
- Ownership category
- akta.pro rank
Marcus & Millichap industry classification
Industry- Product category
- Commercial Real Estate Brokerage
- NAICS
- Offices of Real Estate Agents and Brokers (531210), All Other Financial Investment Activities (52399)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)
- akta.pro secondary industries
- Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Sell-Side M&A Advisory (FSAEAGAA), Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ)
Keywords
Where Marcus & Millichap is headquartered
LocationHeadquarters
- HQ city
- Calabasas
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Marcus & Millichap business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Brokerage Commissions: The company earns commissions on commercial real estate investment sales transactions. Brokerage revenue was $138.1 million in Q1 2026, up 11.7% year-over-year. The private client segment (transactions $1-10 million) accounts for approximately 65% of brokerage revenue.
- Financing Fees: Marcus & Millichap Capital Corporation arranges financing for commercial real estate transactions, earning financing fees. Financing revenue was $26.8 million in Q1 2026, up 48.1% year-over-year, driven by a 60% rise in financing volume.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Marcus & Millichap product offering
Product offeringCore offering
Marcus & Millichap is a commercial real estate investment brokerage and capital markets services firm that arranges the sale, financing, and advisory of investment properties for private and institutional investors across the United States and Canada. The firm operates through its main brokerage, Institutional Property Advisors (IPA), Marcus & Millichap Capital Corporation (MMCC), and IPA Capital Markets, supported by proprietary research, a client portal (MyMMI), and complementary services including 1031 exchanges, auctions, and loan sales.
Product overview
Marcus & Millichap operates as a unified commercial real estate brokerage platform with multiple integrated divisions. The core platform (Marcus & Millichap) serves as the primary brokerage offering investment sales, financing, research, and advisory services. Supporting this core are specialized divisions: Institutional Property Advisors (IPA) handles institutional-quality assignments and large portfolio transactions; Marcus & Millichap Capital Corporation (MMCC) and IPA Capital Markets provide financing solutions for all property types; and the Preferred Partner Program extends the platform with curated third-party service providers for insurance, tax strategies, and risk management. Additional services include 1031 Exchange, Commercial Property Auctions, Global Capital Division, Loan Sales, MyMMI client portal, and comprehensive Research Services. The platform closed 8,818 transactions in 2025 with approximately $50.9 billion in sales volume.
Differentiator
Problem solved
Functional benefit
Products and services
- Marcus & Millichap Investment Sales Brokerage Core commercial real estate investment sales brokerage serving private investors in the $1-20 million transaction range, individual investors, family offices, and private equity investors across multifamily, retail, industrial, office, net lease, hospitality, self-storage, seniors housing, and land property types.
- Institutional Property Advisors (IPA)
Quantifiable outcome
- Closed $50.9 billion in transactions across 8,818 sales in 2025
- +2 more outcomes
Companies that use Marcus & Millichap
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Marcus & Millichap technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Marcus & Millichap partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Brown & Brown, Inc.coreMarcus & Millichap named Brown & Brown as the preferred partner for insurance and risk management services under its Preferred Partner Program. This is the first specialty service added to Marcus & Millichap's newly launched Preferred Partner Program. Brown & Brown's National Real Estate Practice will provide Marcus & Millichap's clients with data-driven insurance indications, portfolio analysis, catastrophe modeling, due diligence support, and access to major insurance carriers and specialty markets. The partnership addresses the growing importance of insurance costs in commercial real estate valuation and transaction execution.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Marcus & Millichap competitors and assessment
Company assessmentBroad incumbents
- CBRE Group: Global largest CRE services firm offering investment sales, financing, property management, and valuation across all property types. A direct competitor in institutional CRE investment sales through CBRE Capital Markets and overlapping in mid-market brokerage, though with a far broader services portfolio.
- JLL (Jones Lang LaSalle): Global CRE services firm providing investment sales (via JLL Capital Markets, formerly HFF), financing, advisory, and property management. Competes directly with Marcus & Millichap's IPA division for institutional assignments and with MMCC for financing mandates.
- Cushman & Wakefield: Global CRE services firm with investment sales, valuation, financing, and advisory capabilities. Competes with Marcus & Millichap in mid-market investment sales and institutional capital markets transactions across the US and Canada.
- Colliers International: Global CRE services firm offering investment sales, financing, valuation, and property management. Overlaps with Marcus & Millichap in investment sales brokerage and capital markets across multiple property types and geographies.
Direct peers
- Newmark Group: Public CRE services firm (NASDAQ: NMRK) providing investment sales, leasing, and financing through Newmark Capital Markets. Competes directly with Marcus & Millichap's IPA and MMCC divisions, particularly in middle-market and institutional investment sales transactions.
- Eastdil Secured: Leading CRE investment banking firm specializing in institutional investment sales, debt placement, and equity raising. Directly competes with Marcus & Millichap's Institutional Property Advisors (IPA) division for large portfolio and institutional-quality assignments.
- Walker & Dunlop: Public CRE finance company (NYSE: WD) specializing in commercial real estate financing, primarily multifamily. Directly comparable to Marcus & Millichap Capital Corporation (MMCC) in arranging debt financing for CRE transactions.
- Berkadia: CRE investment sales and financing firm jointly owned by Berkshire Hathaway and Leucadia. Directly competes with Marcus & Millichap in multifamily investment sales and with MMCC in commercial mortgage origination across the US.
- NAI Global: Global CRE services network with member firms handling investment sales, leasing, and property management. Competes with Marcus & Millichap in mid-market commercial investment sales, particularly in regional markets.
Emerging players
- Stan Johnson Company: Specialized CRE investment sales firm focused on net lease, retail, and single-tenant properties. Overlaps with Marcus & Millichap's net lease and retail divisions in mid-market investment sales transactions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Marcus & Millichap social profiles
Digital presenceMarcus & Millichap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Marcus & Millichap leadership team
Management profileNumber of profiles
Profiles16 records
Marcus & Millichap subsidiaries and ownership
Company hierarchySubsidiaries2 records
Marcus & Millichap funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Marcus & Millichap M&A and investment
M&A and investmentM&A3 records
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Marcus & Millichap
What does Marcus & Millichap do?
Marcus & Millichap is a commercial real estate investment brokerage and capital markets services firm that arranges the sale, financing, and advisory of investment properties for private and institutional investors across the United States and Canada. The firm operates through its main brokerage, Institutional Property Advisors (IPA), Marcus & Millichap Capital Corporation (MMCC), and IPA Capital Markets, supported by proprietary research, a client portal (MyMMI), and complementary services including 1031 exchanges, auctions, and loan sales.
Is Marcus & Millichap a public or private company?
Marcus & Millichap is a public company. It is classified as public and is currently operating.
When was Marcus & Millichap founded?
Marcus & Millichap was founded in 1971. It employs 1,001 to 5,000 people.
Where is Marcus & Millichap based?
Marcus & Millichap is headquartered in Calabasas, United States, in the North America region.
How does Marcus & Millichap make money?
Two revenue lines are on record. Brokerage Commissions are the primary driver. The others are financing Fees.
Who are Marcus & Millichap's main competitors?
Broad incumbents on record are CBRE Group, JLL (Jones Lang LaSalle), Cushman & Wakefield and Colliers International. Direct peers are Newmark Group, Eastdil Secured, Walker & Dunlop, Berkadia and NAI Global. Stan Johnson Company is listed as an emerging player.
Does Marcus & Millichap have an API?
No public API is recorded for Marcus & Millichap.
What industry is Marcus & Millichap in?
Marcus & Millichap's product category is Commercial Real Estate Brokerage. Its primary akta.pro industry code is BPAJANAF, Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships), with a secondary code of BPAJANAE, Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing). Its NAICS code is 531210 and its SIC code is 6531.