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Real Estate Alert Names Cushman & Wakefield No. 1 in U.S. Raw Land Sales

2/21/2020
Completes 33% of All 2019 U.S. Land Transactions

(CHICAGO, IL) -- Real Estate Alert (REA), which offers weekly updates about risks and opportunities in the U.S. commercial property market, recently named Cushman & Wakefield the number one brokerage in U.S. raw land sales in 2019. According to REA, Cushman & Wakefield brokered $1.7 billion of the U.S. total of $5.2 billion of transactions in 2019, representing a 33.4% market share.

The ranking is based on sales of undeveloped land valued at $10 million or more. This marks the third consecutive year of growth in this sector, and a 4% increase from 2018. The ranking excludes properties with any significant existing structures, including buildings that buyers intend to tear down for ground-up development. Also excluded are sales of stakes in pending or ongoing construction projects. 

According to Terry Jackson, Cushman & Wakefield’s San Diego-based Land Advisory Group Lead, "The market is still strong and I don't anticipate any significant changes in performance for this year. There is still a significant amount of capital available.” Jackson added, "Cycles don't die of old age. They die of fundamentals changing significantly. At this time, we don't see it happening. When there’s no [entitled] inventory left, the development community starts to buy land to entitle,” he said. “It is shifting where the activity is. Secondary and tertiary markets are where there are development opportunities that make financial sense.”

2019 Land Sales Chart

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

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