RealSpace

What RealSpace does

RealSpace (doing business as Real Space Texas) is a Dallas, Texas-based commercial real estate firm founded in May 2007 by Jason Morahan. The company provides commercial property brokerage (sales and leasing), property management, ground-up property development, and tenant representation services to clients across Texas. Its portfolio spans retail shopping centers, full-service office buildings, and warehouse properties, and includes marquee assets such as the 252,000 square foot Oak Cliff Tower, a 70,000 square foot ground-up retail center in Denton, and the redeveloped Columbia Shopping Center in east Dallas. RealSpace positions itself as offering "big company services with a small business approach" and treats third-party managed properties as its own, leveraging founder-owned and operated properties as a basis for operational credibility.

The firm operates with a small team of 1-10 employees (three individuals identified: founder/owner Jason Morahan, agent/property manager Bea Alvarez, and accounting lead Ana Lazalde) using a sales-led go-to-market motion built on direct broker relationships across Texas. Revenue is generated through transaction-based commissions on sales and leasing, recurring property management fees tied to a "hands-on" model that includes weekly on-site inspections and proactive vendor management, and project-based development and construction management fees. RealSpace also operates a proprietary "Deal Room" digital platform for confidential document sharing with clients, and distributes property listings through the CREXI marketplace via CRE Cloud Solutions. The company is privately held and founder-owned, with no disclosed institutional investors, funding rounds, or M&A activity.

RealSpace's customer base spans property owners and investors (primary), tenants and occupiers (primary), and commercial real estate developers (secondary), served on a horizontal basis across Texas. Its geographic footprint is concentrated in Dallas with additional operations in Tyler, and there is no evidence of out-of-state expansion. The firm holds Texas Real Estate Commission (TREC) licensure and does not disclose revenue, headcount beyond its small core team, or financial performance metrics.

Name

RealSpace

Legal name

Real Space Texas

Website

https://realspacetexas.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

RealSpace is a Dallas-based commercial real estate firm founded in 2007 that provides brokerage, property management, development, and tenant representation services for retail, office, and warehouse properties across Texas. It serves property owners, investors, developers, retailers, and tenants through a small, founder-led team.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Office Brokerage (BPAJABAA), Warehousing & Logistics Facilities Brokerage (BPAJACAA)

Keywords

• Commercial real estate brokerage
• Property management services
• Tenant representation services
• Commercial property leasing
• Commercial property development

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Commercial Property Brokerage: Commission-based commercial real estate sales and leasing for retail shopping centers, full-service office buildings, and warehouse properties. Sales and leasing strategies are tailored for developers, retailers, shopping center owners and investors.
2. Property Management: "Hands on" property management services for clients and tenants, including weekly on-site inspections, vendor management, and proactive maintenance approach. Services tailored to meet special needs of any property type.
3. Property Development: Ground-up shopping center development, construction management, project leasing, and investment sales. Provides overall planning, coordination, and control of projects from beginning to completion.
4. Tenant Representation: Retail, office, and industrial brokerage services representing tenants in commercial real estate transactions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

RealSpace is a Texas-based commercial real estate firm offering brokerage, property management, ground-up development, and tenant representation services for retail shopping centers, office buildings, and warehouse/industrial properties. The firm combines sales and leasing strategy with hands-on property management and construction oversight, supported by a proprietary Deal Room for confidential document handling. Its portfolio spans Dallas, Fort Worth, Denton, Oak Cliff, and Tyler, Texas.

Product overview

RealSpace is a commercial real estate firm offering a unified suite of services for Texas clients: Sales & Leasing, Property Management, Property Development, and Tenant Representation. These core services are supported by Construction Management, Lease Administration, and a proprietary Deal Room digital platform for confidential document sharing. The company specializes in retail shopping centers, full-service office buildings, and warehouse properties, providing big-company capabilities with a small-business approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Sales & Leasing Tailored sales and leasing strategies for developers, retailers, shopping center owners, and investors, covering retail, office, and industrial commercial real estate across Texas.
• Property Management Hands-on property management with weekly on-site inspections, proactive vendor relationships, and tenant-focused service for owners of retail, office, and industrial properties.
• Property Development Ground-up shopping center development, construction management, project leasing, and investment sales for commercial real estate projects across Texas.
• Tenant Representation Retail, office, and industrial brokerage services representing tenants in commercial real estate transactions across Texas, leveraging established broker relationships to create opportunities.
• Construction Management Overall planning, coordination, and control of construction projects from inception through completion, ensuring functionally and financially viable project delivery.
• Lease Administration Professional lease portfolio management to reduce occupancy costs and avoid expensive mistakes, offered as a supplemental service or complete replacement of existing lease programs.
• Deal Room Confidential document management platform enabling clients to view property offerings with due diligence documents, request access to confidential materials, and track communications and timelines.

Quantifiable outcome

• Ground-up development of 70,000 SF retail center in Denton, TX
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Transwestern Commercial Services: Transwestern is a privately-held commercial real estate firm with deep Texas operations offering brokerage, property management, and investment services across office, industrial, and retail asset classes. Like RealSpace, it emphasizes relationship-driven service and has significant Dallas-Fort Worth presence, making it a directly comparable regional competitor.
• SRS Real Estate Partners: SRS Real Estate Partners is a national commercial real estate firm with strong Texas roots and particular strength in retail brokerage and tenant representation. Its core service lines (retail, office, industrial brokerage plus property management) directly overlap with RealSpace's offerings, serving similar mid-market owners and tenants.
• NAI Robert Lynn: NAI Robert Lynn is a Dallas-Fort Worth-based commercial real estate firm providing brokerage and property management for office, industrial, retail, and investment properties. It directly competes with RealSpace in the DFW market for mid-market owner and tenant clients across similar asset classes.
• The Weitzman Group: The Weitzman Group is a Texas-focused commercial real estate firm specializing in retail brokerage, tenant representation, and property management. Its retail shopping center focus and Texas-centric operating model directly mirror RealSpace's positioning and customer base.

Broad incumbents

• CBRE Group: CBRE is the world's largest commercial real estate services firm offering brokerage, property management, valuation, and investment sales across all asset classes and geographies. It competes with RealSpace for the same Texas owner and tenant clients but at vastly larger scale with institutional service capabilities.
• JLL (Jones Lang LaSalle): JLL is a global commercial real estate services firm offering brokerage, property management, capital markets, and advisory across all major U.S. markets including Texas. It provides overlapping services to similar investor, developer, and occupier clients but as part of a much broader institutional platform.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm with full-service brokerage, property management, and investment sales across office, retail, and industrial sectors. It competes with RealSpace for Texas mandates but operates as part of a worldwide platform serving institutional clients.
• Marcus & Millichap: Marcus & Millichap is a leading U.S. commercial real estate investment sales brokerage with strong Texas coverage. While RealSpace offers investment sales among broader services, Marcus & Millichap's pure-play investment sales model is an adjacent, more specialized competitor for similar investor and developer clients.
• Newmark Group: Newmark Group is a full-service commercial real estate advisory firm offering leasing, investment sales, and property management across major U.S. markets including Texas. It serves overlapping client segments (owners, tenants, investors) with significantly broader geographic and capital markets capabilities.
• Colliers International: Colliers International is a global commercial real estate services firm with Texas operations spanning brokerage, property management, and investment advisory. Its service portfolio overlaps substantially with RealSpace's offerings but with substantially greater scale, technology investment, and global reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/realspacetexas
• LinkedInlinkedin.com/company/realspace

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RealSpace