Large commercial real estate firms — CBRE, JLL and Cushman and Wakefield — enjoyed the benefit of trends shaping markets as return to work helped increase leasing and boost te companies’ building operations and management businessess. 

All three saw leasing revenue grow by double digits year over year in Q3. CBRE’s U.S. leasing improved 18%, reaching its highest level in dollars for any third quarter, while Cushman & Wakefield both reported an 11% bump in leasing revenue growth, led by strength in the office and industrial sectors. “On a two-year stack basis, leasing revenue grew nearly 30%,” JLL CFO Kelly Howe said on an earnings call. “Growth was broad-based across major asset classes, led by office.”

These firms and vendors working in the building automation and controls sector, including Honeywell, Schneider Electric, Carrier and Comfort Systems, continue to reap the rewards of the data center boom. Schneider Electric saw a 17% year-over-year jump in its energy management segment, where big tech companies known as hyperscalers could spend close to $200 billion on data center-related investments this year. Honeywell noted strong growth in the sector as it plans to split into three companies, leaving its building automation segment at its core. 

CBRE expects data centers to be around 10% of its earnings this year, and even more next year, CEO Bob Sulentic said on an earnings call. Earlier this week, the company announced the $1.2 billion acquisition of Pearce Services, a technical service provider that works with companies building and operating data centers, digital networks and other types of infrastructure projects.

To help you see how these trends are shaping the environment building services companies are operating in, we’ve compiled our coverage of the companies’ third-quarter earnings reports here.