CB Richard Ellis (CBRE) has been ranked the No. 1 commercial property management firm in the world, according to National Real Estate Investor, a professional real estate investor magazine.

CBRE has retained the top position in the publication’s annual ranking for seven consecutive years, according to a statement.

CB Richard Ellis manages 33 million square feet of commercial property in the Boston market, making CBRE the area’s largest property manager. The company manages more than 2.5 billion square feet of commercial property globally, according to a statement.

"Property owners know that they can trust CB Richard Ellis to deliver best-in-class management of their real estate assets," said CBRE’s Mark Tassinari, executive vice president/partner in charge of CBRE New England’s management portfolio. "In Boston and around the world, our great professionals and powerful service platform have made CBRE the market leader."