Urban population growth, a rise in the number of commercial buildings and a surge in government real estate investment initiatives are driving the growth of the global brokerage and commercial real estate management market. North America had the highest share in 2020, accounting for about two-fifths of the total, and is estimated to maintain its dominant share in terms of revenues by 2030.
Portland, Oregon, July 22, 2021 (GLOBE NEWS) – According to a report published by Allied Market Research, global market for brokerage services and commercial real estate management generated $ 209.90 billion in 2020, it is projected to reach $ 424.40 billion by 2030, showing a CAGR of 7.2% from 2021 to 2030. The report provides an extensive analysis of changing market trends, value chains, major segments, major investment pockets, regional scenarios, and the competitive landscape.
Urban population growth, a rise in the number of commercial buildings and a surge in government real estate investment initiatives are driving the growth of the global brokerage and commercial real estate management market. However, saturation in developed countries slows down market growth. On the other hand, the expansion of old cities and the development of planned new cities will open up new opportunities in the coming years.
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Many construction works have been stopped or postponed due to restrictions imposed during the Covid-19 pandemic in many countries around the world.
Moreover, investments in new projects have been postponed due to economic uncertainty. The lack of customer spending on new property purchases also affected the market during the pandemic.
The report provides detailed segmentation of the global brokerage and commercial real estate management market by solution, type, application and region.
Depending on the type, the brokerage segment provided the largest market share in 2020, accounting for more than four-fifths of the total, and is projected to maintain its leading position over the forecast period. However, the management segment is projected to grow at a maximum CAGR of 8.4% from 2021 to 2030.
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Based on applications, the industrial segment accounted for the largest share in 2020, accounted for almost a third of the global brokerage and commercial real estate management market, and is projected 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.
Depending on the region, North America had the highest share in 2020, accounting for about two-fifths of the total, and is estimated to maintain its dominant share in terms of revenue by 2030. However, the Asia Pacific region is expected to post the fastest CAGR of 8.5% over the forecast period.
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The leading players in the global brokerage and commercial real estate management market analyzed in the study 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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