Marcus & Millichap, Inc. Reports Results for Third Quarter 2026

Hessam Nadji, President and Chief Executive Officer of Marcus & Millichap

“MMI continued to deliver revenue growth and improved financial results during the quarter despite another rise in interest rates and continued pressure on real estate valuations.”

Hessam Nadji, President and Chief Executive Officer of Marcus & Millichap

“Private client activity grew at a more moderate pace as bid-ask spreads widened following the 80 bps increase in the 10-year Treasury yield during the quarter. At the same time, our increased penetration of the middle market and larger transactions continued to drive stronger revenue growth.”

Hessam Nadji, President and Chief Executive Officer of Marcus & Millichap

“The near-term outlook remains somewhat tempered by the interest rate volatility of the past several months. However, we are seeing a growing number of assets that need to trade as loans mature and previously postponed transactions run out of time going into 2027.”

Hessam Nadji, President and Chief Executive Officer of Marcus & Millichap

“The price adjustments of the past three years, together with lenders’ increased ability to dispose of underperforming assets, are expected to result in increased sales activity.”

Hessam Nadji, President and Chief Executive Officer of Marcus & Millichap

“Our focus on platform improvements, talent acquisition and supporting our sales force remains on track. We are excited about our key growth initiatives to expand revenue lines and market share, while leveraging our strong balance sheet to pursue strategic acquisitions in 2027 and beyond.”