Adoption of advanced technologies in real estate brokerage management services, which is fueling the growth of the market.
PORTLAND, OR, USA, March 17, 2022 /EINPresswire.com/ — According to report published by Allied Market Research, Commercial Real Estate Brokerage and Management Market by Solution (Sales, Leasing, and Others), Type (Brokerage and Management ) and Application (Office, Industrial, Retail, Multifamily and Others): Global Opportunities Analysis and Industry Forecast, 2021-2030. Commercial real estate brokerage and management market size is expected to reach $424.4 billion by 2030, from $209.9 billion in 2020, registering a CAGR of 7.2% from 2021 to 2030 The real estate brokerage solution consists of buying, selling, renting and leasing the property.
Increase in urban population, increase in commercial construction buildings and increase in government initiatives for real estate investments are driving the growth of the global commercial real estate brokerage and management market. However, saturation in developed countries is restraining the growth of the market. On the other hand, the expansion of old cities and the development of new planned cities present new opportunities in the coming years.
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Many construction activities have been halted or postponed due to the lockdown restrictions put in place during the Covid-19 pandemic in many countries around the world.
In addition, investments in new projects have been postponed due to economic uncertainty. Lack of customer spending to buy new properties has also affected the market during the pandemic.
The report offers detailed segmentation of the global commercial real estate brokerage and management market based on solution, type, application, and region.
Based on type, the brokerage segment contributed the largest market share in 2020, accounting for more than four-fifths of the total share, and is expected to maintain its leading position during the forecast period. However, the management segment is expected to grow at the highest CAGR of 8.4% from 2021 to 2030.
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Based on demand, the industrial segment accounted for the largest share in 2020, holding nearly a third of the global commercial real estate brokerage and management market, and is expected to maintain its leading status throughout the forecast period. However, the retail segment is estimated to show the highest CAGR of 8.4% from 2021 to 2030.
Based on region, North America held the highest share in 2020, contributing around two-fifths of the total share, and is expected to retain its dominant share in terms of revenue by 2030. However, l Asia-Pacific is expected to account for the fastest CAGR of 8.5% during the forecast period.
Key players in the global commercial real estate brokerage and management market analyzed in the research include CBRE Group, Inc., Cushman & Wakefield Plc, Christie’s International Real Estate, Newmark & Company Real Estate, Inc., Jones Lang LaSalle IP, Inc., Keller Williams Realty, Inc., Colliers International Group, Inc., Lendlease, Regus Group and Century 21.
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