Commercial real estate brokerage and management market growing at a CAGR of 7.2% from 2021 to 2030
An increase in urbanization in developing countries such as India, Brazil and others and the increase in disposable income of the population is driving the growth of the market.
PORTLAND, OR, UNITED STATES, September 29, 2021 /EINPresswire.com/ — The brokerage and commercial real estate management market has experienced significant growth over the past decade, due to the increase in the urban population, the migration of the population from rural areas to the urban population and the adoption of advanced technologies such as the Internet objects (IoT) and artificial intelligence (AI) in the management of real estate brokerage services, which is fueling the growth of brokerage and commercial real estate management.
The size of the commercial real estate brokerage and management market is expected to reach $ 424.4 billion by 2030, up from $ 209.9 billion in 2020, registering a CAGR of 7.2% from 2021 to 2030.
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The brokerage and commercial real estate management market is mainly driven by the rise of urbanization in developing countries. Additionally, population growth has resulted in increased demand for commercial properties. Additionally, several government policies such as Golden Visa, low interest rates on loans, and affordable housing programs are also propelling market growth.
Covid-19 impact assessment
The COVID-19 pandemic has halted the manufacturing and construction facility in the short term, due to the extended lockdown implemented in countries such as Japan, the United States, China, India and others. In addition, the COVID-19 pandemic has halted construction activities, due to extended lockdowns in large countries such as the United States, China, Japan, India and Germany. This has significantly hampered the growth of the brokerage and commercial property management industry in 2020.
Best leading players
CBRE Group, Inc
Christie’s International Real Estate
Cushman & Wakefield Plc
Jones Lang LaSalle IP, Inc
Newmark & Company Real Estate, Inc
Colliers International Group, Inc
Mitsui Fudosan Co. Ltd
Real Estate Services Sees SEC
Kidder Mathews Inc
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Key market segments
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