Commercial Real Estate Brokerage and Management Market worth USD 424,406.0 Mn

The Market Statsville Group (MSG) publishes the new report on the "Commercial Real Estate Brokerage and Management Market by Solution (Sales, Leasing, and Others), by Type (Brokerage and Management), by Application (Offices, Industrial, Retail, Multifamily, and Others), by Region – Global Share and Forecast to 2030".

The global commercial real estate brokerage and management market size was USD 226,902 million in 2021 and is estimated to reach USD 424,406.0 million by 2030, registering a CAGR of 7.2% during the study period (2022-2030). The rise in demand for technologies such as Big Data analytics, Artificial Intelligence (AI), and the Internet of Things (IoT) in commercial real estate management drives the commercial real estate brokerage and management market growth. People from villages and towns migrate to cities to improve their living standards. An increase in industries around large cities has led to the expansion of cities, which drives the demand for brokerage management services, thus fueling the growth of the commercial real estate brokerage and management market. Also, governments of several nations, such as the U.S. and Australia, offer real estate loans at lower rates for long-term and concessions for first-time home buyers, respectively, driving the demand for brokerage management services.

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Global Commercial Real Estate Brokerage and Management Market Segmentation

The commercial real estate brokerage and management market have been segmented into the solution, type, application, and region.

• By Solution (Sales, Leasing, and Others)
• By Type (Brokerage and Management)
• By Application (Offices, Industrial, Retail, Multifamily, and Others)
• By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)

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Brokerage, by type, is estimated to hold the largest market share during the forecast period

Based on type, the commercial real estate brokerage and management market is classified into brokerage and management. In 2021, the brokerage had the largest market share of 83.2% in the global commercial real estate brokerage and management market. The brokerage provides intermediator services in various sectors such as investing, obtaining a loan and purchasing real estate. A broker is involved in brokerage services. A broker is an intermediator between seller and buyer who agrees to buy or rent a property.

Major players such as CBRE Group Inc, Cushman & Wakefield Inc, and others are engaged in offering brokerage management services to improve the product portfolio of brokerage management services. For instance, Cushman & Wakefield Inc engaged in brokering the property in “HERRLICHKEIT” office building in Hamburg, Germany, in February 2021. It sold property of 7,600 sq m. It is engaged in offering advisory services, financial services, and valuation services for the real estate property brokerage management solutions. All such instances drive the growth of this segment.

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North America accounts for the largest market share in commercial real estate brokerage and management market 2021

By region, the commercial real estate brokerage and management market is analyzed across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 37.9% in the global commercial real estate brokerage and management market. The market in North America is studied across the U.S., Canada, and Mexico. The U.S. had the major share of the market in 2021, and Mexico is expected to experience a rapid growth.

The high rate of per capita income in the U.S. and Canada has led to a trend among people to buy their own commercial properties than renting one. In addition, due to higher rents in developed and developing cities, people prefer to invest in houses, giving better returns in the future. These factors drive the commercial real estate brokerage and management market in North America.

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This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the commercial real estate brokerage and management market. It also consists of the profiles of leading companies such as CBRE Group, Inc., Jones Lang LaSalle IP, Inc., Cushman & Wakefield Plc., Christie’s International Real Estate, Mitsui Fudosan Co Ltd., Colliers International Group, Inc, Newmark & Company Real Estate, Inc, Voit Real Estate Services L.P., Savills Plc, and Kidder Mathews Inc.

About Market Statsville Group

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Article source: https://article-realm.com/article/Finance/37149-Commercial-Real-Estate-Brokerage-and-Management-Market-worth-USD-424-406-0-Mn.html