Short answer
New York City has 18,656 real estate establishments with paid staff, employing 106,938 people (Census, 2023): 10,405 lessors, 3,693 residential property managers, 2,930 brokerage offices and smaller groups of commercial managers, appraisers and other services. The state licenses 33,189 salespersons and 13,135 brokers at New York City business addresses. The largest public real estate companies based here include Blackstone Real Estate Income Trust, Compass, VICI Properties and Newmark.
- Lessors make up 55.8% of NYC real estate establishments, against 32.9% nationally; brokerage offices are only 15.7%.
- Manhattan alone has 8,708 establishments and 70,330 employees, about two-thirds of the city's real estate jobs.
- New York State lists 52,995 active salespersons, associate brokers and brokers at NYC business addresses (29 October 2026).
- Since 11 June 2025, a broker hired by the landlord can't charge the tenant a fee (the FARE Act).
- Compass, headquartered on Fifth Avenue, reported $6.96 billion of 2025 revenue and completed its merger with Anywhere Real Estate in January 2026.
On this page
- NYC real estate in Census data
- What kind of real estate company: the Census split
- Licensed brokers and salespersons by borough
- Public real estate companies headquartered in New York City
- How to vet a NYC brokerage or manager
- If you're selling a home in New York City
- Prospecting NYC real estate companies
- Sources for names and checks
- Sources
- Questions people ask
Most people who search for real estate companies in NYC want a brokerage to buy, sell or rent through: Google answers with a map of local offices and Manhattan brokerage home pages. Others are job seekers, investors looking at the city's listed REITs, and businesses that sell to landlords and managers. This report covers what kinds of real estate company the city has, how to check a licence, which public companies are based here, what sellers should know and how to prospect the market.
NYC real estate in Census data
County Business Patterns (CBP) 2023 counts establishments in real estate (NAICS 531) across the five boroughs (Bronx, Kings, New York, Queens and Richmond counties).
| Measure (2023) | New York City |
|---|---|
| Establishments | 18,656 |
| Employees (week of March 12) | 106,938 |
| Annual payroll | $8,916,952,000 |
| Employees per establishment | 5.7 |
| Average annual pay | $83,384 |
| Share of US real estate establishments | 4.5% of 414,824 |
| Borough | Establishments | Employees |
|---|---|---|
| Manhattan (New York County) | 8,708 | 70,330 |
| Brooklyn (Kings County) | 4,645 | 16,283 |
| Queens | 2,886 | 11,131 |
| Bronx | 2,095 | 8,388 |
| Staten Island (Richmond County) | 322 | 806 |
By size, 14,506 establishments have 1 to 4 employees, 2,207 have 5 to 9, 1,130 have 10 to 19 and 574 have 20 to 49. The Census Bureau doesn't publish the classes from 50 employees up for the five boroughs combined, because at least one borough's cells are withheld. Manhattan's own file does publish them: 95 establishments with 50 to 99 employees, 51 with 100 to 249, 18 with 250 to 499, 4 with 500 to 999 and 3 with 1,000 or more.
What CBP counts: establishments with paid employees, not companies, so a brokerage with six offices counts six times and a building owned through a single-purpose LLC with no staff isn't counted at all. Self-employed agents aren't included.
What kind of real estate company: the Census split
| Type (NAICS 2017 code) | Establishments | Employees | Share of NYC total |
|---|---|---|---|
| Lessors: landlords, equity REITs, self-storage (5311) | 10,405 | 51,637 | 55.8% |
| Residential property managers (531311) | 3,693 | 31,174 | 19.8% |
| Agents and brokers (531210) | 2,930 | 11,936 | 15.7% |
| Nonresidential property managers (531312) | 811 | 8,265 | 4.3% |
| Other services: escrow, listing services (531390) | 725 | 3,511 | 3.9% |
| Appraisers (531320) | 90 | not reported (high-noise figure) | 0.5% |
The six-digit rows add to 18,654 because two establishments in the borough files aren't assigned below the four-digit level. The appraisers' employee count is published but flagged as high-noise: confidentiality noise moved it by 5% or more.
Developers and builders aren't in this table: the Census Bureau classifies them in construction (subsector 236, and 237210 for land subdivision). Mortgage REITs sit in finance (525990). For the code a firm should use, see the NAICS code for real estate and the code for property management.
Brokerage is far bigger than its Census line. New York State's open data lists 12,546 licensed principal offices and 422 branch offices at NYC addresses, against 2,930 broker establishments with paid staff: most brokerages are run by owners and commission agents, not employees.
Licensed brokers and salespersons by borough
New York's Department of State licenses brokers (as individuals, or as the officer of a corporation, LLC, partnership or trade name), associate brokers and salespersons, and it licenses each office. Its active licence data, updated 29 October 2026, counts these at New York City business addresses:
| Borough | Salespersons | Associate brokers | Brokers | Licensed offices |
|---|---|---|---|---|
| Manhattan | 17,726 | 4,221 | 6,643 | 6,392 |
| Queens | 7,518 | 1,029 | 2,586 | 2,585 |
| Brooklyn | 5,054 | 975 | 2,695 | 2,752 |
| Staten Island | 1,743 | 304 | 485 | 497 |
| Bronx | 1,148 | 142 | 726 | 742 |
| New York City | 33,189 | 6,671 | 13,135 | 12,968 |
The county is the business address of the brokerage each licensee works for. Statewide the file lists 76,279 salespersons, 15,962 associate brokers and 26,643 brokers.
The licence covers more than sales. The Department of State defines a broker as anyone who, for a fee, lists, sells, buys or rents property for others, and that includes anyone who "collects or offers or attempts to collect rent for the use of real estate." A company that manages apartments and collects rent for owners needs a broker's licence.
Public real estate companies headquartered in New York City
SEC-registered listed companies with real estate codes and a business address in the five boroughs, ranked by 2025 total revenues, each checked on the cover page and income statement of its latest Form 10-K:
| Company | What it does | Headquarters (10-K) | Revenue, 2025 |
|---|---|---|---|
| Blackstone Real Estate Income Trust | Non-listed diversified REIT | 345 Park Avenue | $7.96 billion |
| Compass | Residential brokerage | 110 Fifth Avenue | $6.96 billion |
| Rithm Capital | Mortgage servicing, lending and asset management | 799 Broadway | $4.59 billion |
| VICI Properties | Casino and experiential REIT | 535 Madison Avenue | $4.01 billion |
| Newmark Group | Commercial real estate services | 125 Park Avenue | $3.29 billion |
| OUTFRONT Media | Billboard REIT | 90 Park Avenue | $1.83 billion |
| Vornado Realty Trust | Office and retail REIT | 888 Seventh Avenue | $1.81 billion |
| W. P. Carey | Net lease REIT | One Manhattan West | $1.72 billion |
| Brixmor Property Group | Shopping center REIT | 100 Park Avenue | $1.37 billion |
| SL Green Realty | Manhattan office REIT | One Vanderbilt Avenue | $1.00 billion |
| Empire State Realty Trust | Office REIT and observatory | 111 West 33rd Street | $768.3 million |
| Global Net Lease | Net lease REIT | 650 Fifth Avenue | $495.3 million |
Three things the filings add. Compass completed its merger with Anywhere Real Estate on 9 January 2026, and now runs brokerages under the Compass, Coldwell Banker, Corcoran, Sotheby's International Realty and @properties brands. REITs run lean: VICI reported 28 employees and W. P. Carey 199. And Douglas Elliman, long a Manhattan name, now gives Miami as its principal executive office. Mortgage REITs such as MFA Financial, Ready Capital and Claros Mortgage Trust are also based here; they report interest income rather than rent. For the national ranking, see the biggest real estate companies in the US.
How to vet a NYC brokerage or manager
- Look up the person and the firm. The Department of State sends real estate searches to eAccessNY's public licence search. Check that the licence is active and that the business name matches the firm you're dealing with.
- Check the office. The open data file lists every licensed principal and branch office, so you can confirm the address on the agent's card is a licensed office.
- For a rental, read the fee disclosure. Under the FARE Act, listings must show every fee the tenant pays, and a broker who represents the landlord can't charge the tenant.
- For a manager, ask who holds the money (which account holds rents and deposits, how often owners get statements) and for references from buildings like yours.
If you're selling a home in New York City
- Disclosure depends on what you own. A seller of a one- to four-family house must complete the Property Condition Disclosure Statement and deliver it before the buyer signs a contract (Real Property Law section 462). Condominium units and co-op apartments are outside that definition (section 461), so their buyers rely on the building's documents and their own due diligence.
- Commission is negotiable. Since 17 August 2024, offers of compensation to buyers' brokers can't be communicated on a Realtor MLS, and buyers sign a written agreement with their own agent before touring. The National Association of Realtors' settlement notes say compensation is "not set by law and is fully negotiable."
- Interview two or three listing agents, ask for their recent sales in your building or neighborhood, and agree the length and exclusivity of the listing agreement in writing.
Prospecting NYC real estate companies
| Segment | Who usually decides | What they buy |
|---|---|---|
| Owner-operators and REITs | Asset managers, then building engineers and procurement | Capital projects, energy and compliance work, building systems |
| Residential managers | Principals and portfolio managers | Software, maintenance contractors, insurance, collections |
| Brokerages | Owners and office managers; agents buy for themselves | Marketing, lead generation, transaction tools, training |
| Commercial managers | Regional and property managers | Cleaning, security, tenant amenities, elevator and HVAC service |
For brokerages, the buyer is often the individual agent, which is a different sale; see selling to real estate agents.
Illustrative example. The company, rates and results are invented.
Keystack Access (keystack.example) sells keyless entry for walk-up buildings and targets residential managers with five or more employees: 3,693 minus the 2,532 with fewer than five leaves 1,161 establishments. With two contacts each (a principal and the portfolio manager), that's 2,322 people. A 3% reply rate gives about 70 conversations, and if one in six leads to a pilot, about 12 pilots. The research that makes each first line specific is the slow part; Bebop does it for every account in a list.
Subject: Lockouts at [building] Hi [first name], [company] manages [number] walk-ups in [neighborhood], and I'd guess key handoffs eat a few hours of your super's week. We fit keyless entry to the front and unit doors in a day per building, and residents get a phone key on move-in. Would a one-building pilot at [address] be worth a 15-minute look?
Sources for names and checks
| Source | What it gives you |
|---|---|
| eAccessNY public licence search | Licence status for brokers and salespersons |
| Active real estate licensees (Open Data NY) | Every active licensee and office, with business name and county |
| DCWP broker fee FAQ | The FARE Act rules for rental listings |
| REBNY | The city's real estate trade association |
| OneKey MLS | Listings across the city's suburbs and outer boroughs |
For every industry in the city, see companies in New York City.
Next step: turn the segment you want into a named list with contacts using how to build a prospect list.
Sources
- County Business Patterns (CBP), 2023, US Census Bureau, accessed 30 October 2026
- NAICS 531, Real Estate (2022 definitions and cross-references), US Census Bureau, accessed 30 October 2026
- Active Real Estate Salespersons and Brokers, New York State Department of State (Open Data NY), updated 29 October 2026, accessed 30 October 2026
- Real Estate Broker, New York State Department of State, accessed 30 October 2026
- Licensee search (real estate searches through eAccessNY), New York State Department of State, accessed 30 October 2026
- FAQ: Broker Fees (FARE Act), NYC Department of Consumer and Worker Protection, accessed 30 October 2026
- Real Property Law sections 461 and 462, New York State Senate, accessed 30 October 2026
- NAR Settlement FAQs, National Association of Realtors, accessed 30 October 2026
- Blackstone Real Estate Income Trust, Form 10-K for 2025, SEC EDGAR, 27 February 2026
- Compass, Inc., Form 10-K for 2025, SEC EDGAR, 27 February 2026
- Rithm Capital, Form 10-K for 2025, SEC EDGAR, 19 February 2026
- VICI Properties, Form 10-K for 2025, SEC EDGAR, 25 February 2026
- Newmark Group, Form 10-K for 2025, SEC EDGAR, 2 March 2026
- OUTFRONT Media, Form 10-K for 2025, SEC EDGAR, 26 February 2026
- Vornado Realty Trust, Form 10-K for 2025, SEC EDGAR, 9 February 2026
- W. P. Carey, Form 10-K for 2025, SEC EDGAR, 11 February 2026
- Brixmor Property Group, Form 10-K for 2025, SEC EDGAR, 9 February 2026
- SL Green Realty, Form 10-K for 2025, SEC EDGAR, 17 February 2026
- Empire State Realty Trust, Form 10-K for 2025, SEC EDGAR, 2 March 2026
- Global Net Lease, Form 10-K for 2025, SEC EDGAR, 25 February 2026
- Douglas Elliman, Form 10-K for 2025, SEC EDGAR, 16 March 2026
Written by the Bebop team at Blackpearl Group. Published .
Questions people ask
What are the biggest real estate companies in NYC?
By 2025 revenue in their 10-K filings, the largest public real estate companies headquartered in New York City are Blackstone Real Estate Income Trust ($7.96 billion), Compass ($6.96 billion), Rithm Capital ($4.59 billion), VICI Properties ($4.01 billion) and Newmark Group ($3.29 billion). Large private landlords and brokerages don't publish comparable figures, so they can't be ranked the same way.
How many real estate companies are in New York City?
Census County Business Patterns counted 18,656 real estate establishments with paid employees in the five boroughs in 2023, employing 106,938 people. That counts offices, not companies, and leaves out owners and agents with no staff. New York State's licence data lists 12,546 licensed real estate principal offices at NYC addresses, a better guide to the number of brokerages.
How do I check if a NYC real estate agent is licensed?
Search the agent's name in eAccessNY's public licence search, which the New York Department of State uses for real estate brokers and salespersons. It shows the licence type, status and the brokerage the agent works for. The state's open data file of active licensees lets you check the brokerage's licensed offices too.
Do renters in NYC still pay broker fees?
Not to the landlord's broker. Under Local Law 119 of 2024, the FARE Act, which took effect on 11 June 2025, brokers who represent landlords can't charge their fees to tenants, and listings must disclose every fee a tenant has to pay. A tenant can still hire their own broker and agree to pay that broker's fee.
Do property managers in New York need a real estate license?
Usually, yes. New York's definition of a real estate broker includes anyone who, for a fee, rents property for others or collects rent for the use of real estate. A management company that leases units and collects rent for owners therefore needs a broker's licence, held by the firm through a licensed officer or member.