Engel & Völkers Florida Reports 20% Year-Over-Year Growth in Q3 2025
Amid a challenging real estate market, Engel & Völkers Florida expands its footprint with new franchises, shop openings, and record advisor recruitment.
Engel & Völkers Florida today announced its third quarter recap, reporting 20% year-over-year growth, marking a milestone of organic expansion despite continued headwinds in the real estate industry. While much of the real estate sector has been defined by layoffs, slowed sales and operational cutbacks, the luxury brokerage network has doubled down on its investments—driving strategic growth, new market entries, and advisor recruitment across the state.
“Our Q3 results are a testament to the strength of the Engel & Völkers brand and the entrepreneurial spirit of our license partners,” said Peter Giese, CEO of Engel & Völkers Florida. “We’re growing intentionally across the states—and welcomed advisors with over $1 Billion in annual production over the past 18 months adding shops in key markets, and renewing with trusted operators. To be up 20% year-over-year in this current market shows our commitment to helping our franchise owners attract top real estate agents, the power of our niche luxury model and our globally connected network."
This quarter, Engel & Völkers Florida signed three new franchise agreements in 30A Beaches, Lakeland and West Palm Beach, with ownership announcements forthcoming. The brand also marked the 10-year anniversary of Engel & Völkers Madeira Beach with a renewed franchise agreement, alongside an early renewal for Engel & Völkers South Tampa to align both shops under one ownership term.
Two highly anticipated shop openings were celebrated in Miami Beach and Pensacola. The Miami Beach shop solidifies the brand’s footprint in one of the state’s most luxurious international markets, while Pensacola represents Engel & Völkers’ expansion into the far reaches of Florida’s Panhandle.
Advisor recruitment surged in Q3, with more than 150 professionals joining Engel & Völkers shops statewide year-to-date, bringing over $1 billion in combined production over the past eight months. Engel & Völkers Naples has led the way, attracting 15 advisors in 2025 alone, who collectively contributed more than $1505 million in annual production.
“Florida remains one of the world’s most sought-after luxury real estate markets, and Engel & Völkers is uniquely positioned to meet that demand,” said Timo Khammash, Managing Partner of Engel & Völkers Florida. “Our growth is deliberate — we carefully choose the right franchise partners, expand in the most strategic markets, and recruit top-tier advisors who understand the expectations of luxury buyers and sellers. This focused approach drives strong performance today while establishing a foundation for long-term market leadership across the state.”
Looking ahead, Engel & Völkers Florida anticipates a strong close to the year, with additional franchise announcements and continued momentum heading into 2026.
