Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 122

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 122
---
 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 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