Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 56

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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$109 $5,183 41$42 $2,173 Private Client Market ($1 – <$10 million)1,1643,758 102,323 9573,037 87,494 207721 14,829 Middle Market ($10 – <$20 million)1061,405 26,139 881,229 19,402 18176 6,737 Larger Transaction Market (≥$20 million)723,044 26,348 834,152 29,891 (11)(1,108)(3,543)1,586$8,358 $162,166 1,331$8,527 $141,970 255$(169)$20,196 

Nine Months Ended September 30,20252024ChangeReal Estate Brokerage NumberVolumeRevenueNumberVolumeRevenueNumberVolumeRevenue(in millions)(in thousands)(in millions)(in thousands)(in millions)(in thousands)<$1 million657$396 $18,032 596$328 $15,299 61$68 $2,733 Private Client Market ($1 – <$10 million)3,0269,791 273,542 2,6878,526 245,473 3391,265 28,069 Middle Market ($10 – <$20 million)2623,540 66,251 2263,113 53,630 36427 12,621 Larger Transaction Market (≥$20 million)1919,306 69,380 1969,390 72,466 (5)(84)(3,086)4,136$23,033 $427,205 3,705$21,357 $386,868 431$1,676 $40,337 

Factors Affecting Our Business

Our business and our operating results, financial condition and liquidity are significantly affected by the number and size of commercial real estate investment sales and financing transactions that we close in any period. The number and size of these transactions are affected by our ability to recruit and retain investment sales and financing professionals, identify and contract properties for sale, and identify those that need financing and refinancing. We principally monitor the commercial real estate market through four factors, which generally drive our business. The factors are the economy, commercial real estate supply and demand, capital markets, and investor sentiment and investment activity.

The Economy

Our business is dependent