Real estate market size to grow by USD 1,031.81 billion from 2022 to 2027|Boston Commercial Properties Inc., Brigade Enterprises, Brookfield Business Partners LP and more among the key companies – Technavio
NEW YORK, Nov. 8, 2023 /PRNewswire/ — The global real estate market size is estimated to increase by USD 1,031.81 billion from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 5.04% during the forecast period. The global real estate market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer real estate in the market are Boston Commercial Properties Inc., Brigade Enterprises, Brookfield Business Partners LP, CBRE Group Inc., Christies International Real Estate, Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., MARCUS and MILLICHAP Inc., MaxWell Realty Canada, NAI Global, Nakheel PJSC, Prologis Inc., RAK Properties PJSC, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc. and others. Discover some insights on market size, historic period (2017 to 2021), and Forecast (2023 to 2027) before buying the full report –Request a sample report
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Vendor Offerings –
Boston Commercial Properties Inc. – The company offers real estate solutions such as tenant services, relocation services, corporate real estate consulting services.Brigade Enterprises – The company offers real estate solutions such as residential, commercial, and retails properties.CBRE Group Inc. – The company offers real estate solutions such as offices, industrial, hospitals.For details on the vendor and their offerings – Request a sample report
Real estate market – Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by business segment (rental and sales), type (residential, commercial, and industrial), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The rental segment will be significant during the forecast period. This segment includes properties used as dwellings or provided on rent by the property owners for the tenants on a temporary basis. Furthermore, there is significant growth in the global real estate market as real estate rental agents are increasingly employing new technologies. These technologies include online listing and virtual reality, to offer better services to clients and to build a strong buyer-agent relationship. Hence, such factors boost the rental segment of the real estate market during the forecast period.
Geography Overview
By geography, the global real estate market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global real estate market.
APAC is estimated to contribute 59% to the global market growth. There is a rapid increase in residential and commercial projects in several APAC countries. The growth in demand for the regional market can be attributed to factors such as legislation and interest rates that can significantly affect the real estate market such as lower interest rates. Additionally, factors such as the increase in growth in the corporate environment and the growing demand for office space, along with semi-urban accommodation have significantly contributed to the market growth. Hence, such factors boost the growth of the regional market during the forecast period.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 – Download a Sample Report
Real estate market – Market Dynamics
Leading Drivers –
The growing aggregate private investment drives the growth of the real estate market. These types of investments include investments by individuals or businesses in real or physical assets such as land, commercial buildings, and commercial offices. The rise in these investments helps them strategize and plan their investments.
Furthermore, advantages include that it guides the investors to understand what aspects of their business are most profitable and where investment should be focused. Hence, such factors boost the growth of the real estate market during the forecast period.
Key Trends –
Increasing marketing initiatives is an emerging trend in the real estate market. Various market vendors scale up their services by deploying the integrated marketing communication strategy by leveraging communication channels such as newspapers, magazines, and social media to sell their products and services.
Vendors also prompt marketing initiatives such as creating TV advertisement campaigns, followed by a marketing campaign that includes Internet pre-roll, a wide-reaching social media and blogging program, and an interactive website. Hence, such trends boost the growth of the real estate market during the forecast period.
Major challenges –
Regulatory uncertainty in the real estate market challenges the growth of the real estate market. Challenges include changing regulatory norms, which can add high cost, time, risk, and uncertainty, for completing development projects. Resultantly, these rules are enforcing several real estate companies to comply with several government rules and regulations as well as other environmental, social, and governance (ESG) criteria.
As a result of such rules, real estate investors need to measure and report their asset’s water, energy use, waste, carbon emissions, and climate change risks. Hence, such challenges impede market growth during the forecast period.
What are the key data covered in this real estate market report?
CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the real estate market between 2023 and 2027Precise estimation of the size of the real estate market and its contribution to the market with a focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the real estate market across APAC, North America, Europe, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of real estate market vendors
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Business segment
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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