Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 114

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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072 26,120 (4)544 (3,091)1,375$8,016 $141,417 1,272$7,169 $135,423 103$847 $5,994 

Six Months Ended June 30,20252024ChangeReal Estate Brokerage NumberVolumeRevenueNumberVolumeRevenueNumberVolumeRevenue(in millions)(in thousands)(in millions)(in thousands)(in millions)(in thousands)<$1 million413$245 $10,676 393$219 $10,116 20$26 $560 Private Client Market ($1 – <$10 million)1,8626,033 171,219 1,7305,489 157,979 132544 13,240 Middle Market ($10 – <$20 million)1562,135 40,112 1381,884 34,228 18251 5,884 Larger Transaction Market (≥$20 million)1196,262 43,032 1135,238 42,575 61,024 457 2,550$14,675 $265,039 2,374$12,830 $244,898 176$1,845 $20,141 

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 on economic conditions within the markets in which we operate. Changes in the economy on a global, national, regional, or local basis can have a positive or negative impact on our business. Economic indicators and projections related to job growth, unemployment, interest rates, retail spending and consumer confidence trends can have a positive or negative impact on our business. Overall market conditions, including global trade, interest rate changes, inflation, job creation, and global events can affect investor sentiment and, ultimately, the demand for our services from investors in real estate.

The reset of U.S. trade policy