According to Market Statsville Group (MSG), the commercial real estate brokerage and management market will reach $424,406.0 million by 2030, from $226,902 million in 2021. The market is growing at a CAGR of 7 .2% from 2022 to 2030. The brokerage and management market is mainly driven by increased urbanization in developing countries. In addition, population growth has led to an increase in demand for commercial properties. Additionally, various government policies such as Golden Visa, low interest rates on loans, and affordable housing programs are also driving the growth of the market.
Also, several countries like South Korea are planning and expanding cities like Gangbuk and Gangnam which are expected to drive the growth of the market. An increase in the disposable income of the people, economic growth in developing countries, and a growing urban population are some of the factors driving the growth of the commercial real estate brokerage and management market.
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Global commercial real estate brokerage and management market definition
Commercial real estate brokerage management consists of properties such as land, business complexes, flexible premises, commercial, industrial and others. Brokerage management provides solutions such as lease management, rental management, valuation services and advisory services.
Impact of COVID-19 on the Global Commercial Real Estate Brokerage and Management Market
Due to the COVID-19 pandemic, the manufacturing and construction plant was halted for a short time due to the extended lockdown put in place in countries like the United States. , China, India, Japan and others. Additionally, the COVID-19 pandemic has halted construction activities in major countries, due to lockdowns in major countries such as the United States, India, Japan, Germany, and China. Therefore, due to the covid-19, the growth of the commercial real estate brokerage and management market was significantly hampered in 2020. Additionally, in the pandemic situation, the sales of the real estate brokerage and management businesses were directly affected.
Global commercial real estate brokerage and management market dynamics
Drivers: Rise in commercial construction buildings
The growth of the commercial construction sector has had a positive impact on the growth of the market and is expected to further drive the demand for brokerage management solutions. According to data released by the Government of Canada, the value of output for the Canadian construction industry in 2018 was $291.2 billion, which also includes home improvements, renovations and refurbishments. residential and commercial buildings. Additionally, the global construction industry is expected to reach $8 trillion by 2030, driven by countries such as the United States, China, and India. Also, the commercial construction sector has witnessed a notable increase in recent years, especially in developing economies like Brazil and Eastern European countries.
Constraints: saturation in developed countries
All major cities in developed countries have reached a saturation point where the expansion of city limits and the economy have stagnated or have a very low growth rate. For example, in the United States, the commercial real estate market has seen a decline in the rate of commercial property sales in major cities like Washington D.C., due to rising real estate prices and declining developer investments. foreign investors.
Additionally, overcrowding, pollution, and lack of local government management of specific cities lead to the development of other cities where business and living expenses are cheaper. This leads to the gap between supply and demand for commercial properties and thus limits the growth of the market.
Scope of the global commercial real estate brokerage and management market
The study categorizes the commercial real estate brokerage and management market based on solution, type, application, and region.
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By Solution Perspective (Sales, USDM, 2017-2030)
By type of prospect (Sales, USDM, 2017-2030)
Brokerage by Application Outlook (Sales, USDM, 2017-2030) 2030) Office Industrial Commerce Multifamily Others Outlook by Region (Sales, USD Million, 2017-2030) North America US Canada Mexico Europe Germany Italy France UK Spain Poland Russia Netherlands Norway
The rest of Europe
Australia and New Zealand
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
United Arab Emirates
Africa North Africa
Rest of MEA
Sales segment accounts for largest market share, by solution
According to the solution, the commercial real estate brokerage and management market is divided into sales, rentals and others. The sales segment dominates
entered the market in 2021, with a 43.1% market share in the global commercial real estate brokerage and management market. Selling consists of buying, selling and renting goods. These are sales of businesses, offices, hotels, retail space and shopping complexes. It is also engaged in marketing, advertising, rental and security management.
People who live in prime locations in cities like Madrid, Seattle, Delhi, Beijing, and Paris prefer to open commercial complexes in cities, due to the high prices of commercial properties. Furthermore, major players such as CBRE Group Inc, Cushman & Wakefield Inc and others are engaged in providing sales management services for property management services. For example, CBRE Group Inc is engaged in providing property sales management services in America, Europe, Middle East and Africa. He invested about 24.2% of the company’s total income. These cases are driving the growth of this segment.
Asia-Pacific accounts for the highest CAGR during the forecast period
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Based on regions, the global commercial real estate brokerage and management market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East and Africa. Globally, Asia Pacific is the fastest growing region with a CAGR of 8.5% over the study period. Asia-Pacific includes China, Japan, Australia, India and other countries. In 2021, China accounted for a large share and India is the fastest growing country.
Asia-Pacific has the largest property management market in the world. The growth of the commercial real estate brokerage and management industry is mainly due to a rapid increase in per capita income, urbanization, and the adoption of real estate management solutions. Developing countries, including Myanmar, Thailand, the Philippines, Vietnam and others, are very committed to improving local infrastructure and manufacturers. For example, Thailand has announced an infrastructure plan for the period 2016-2020. It also aims to spend $58.5 billion on new infrastructure development by 2025. In addition, public funding for activities of property management solutions in various Asian countries such as Vietnam, Indonesia,
Key players in commercial real estate brokerage and management in the global market
Leading companies, commercial real estate brokerage solutions involve renting, or letting, buying, selling, properties such as non-residential properties and offices. Brokerage management provides advisory and consulting services to various clients. Provides services to stores, offices and industrial spaces. Real estate brokers took a commission of about 2% of the total transaction value from clients.
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Key Listed Manufacturers for Global Commercial Real Estate Brokerage and Management Market are:
CBRE Group, Inc.
Cushman & Wakefield Plc
Jones Lang LaSalle IP, Inc.
Mitsui Fudosan Co Ltd
Christie’s International Real Estate
Newmark & Company Bienes Raices, Inc.
Colliers International Group, Inc.,
Sees Real Estate Services LP
Kidder Mathews Inc.