IMARC Group's report titled "Commercial Real Estate Brokerage and Management Market Report by Type (Brokerage, Management), Solution (Sales, Leasing, and Others), Application (Offices, Industrial, Retail, Multifamily, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global commercial real estate brokerage and management market report. The global market size reached US$ 260.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 455.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.24% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/commercial-real-estate-brokerage-management-market/requestsample
Factors Affecting the Growth of the Commercial Real Estate Brokerage and Management Industry:
- Technological Advancements:
Innovations in digital marketing platforms and the integration of advanced data analytics tools enable brokers to reach a wider audience, streamline transactions, and provide enhanced client services. Property management companies are leveraging technology to automate routine tasks, improve operational efficiency, and enhance tenant experiences. Leveraging technology not only enhances competitiveness but also positions firms as industry leaders capable of delivering innovative solutions. Brokerage and management firms can gain a strategic advantage, attract tech-savvy clients, and adapt to the evolving demands of the market by investing in advanced technologies.
- Changing Preferences of Individuals:
The growing demand for commercial real estate brokerage and management on account of the rising need for healthcare facilities and medical office spaces is offering a positive market outlook. In addition, brokerage firms specializing in healthcare real estate can capitalize on this demand by facilitating transactions and advisory services related to healthcare properties. Apart from this, the increasing demand for distribution centers and last-mile delivery facilities due to changing preferences of individuals for online shopping is bolstering the market growth.
- Rapid Urbanization:
The rising demand for commercial real estate properties among individuals due to rapid urbanization is contributing to the growth of the market. People are increasingly migrating to cities in search of employment opportunities and a better quality of life. The escalating demand for office spaces, retail outlets, and residential complexes due to improving living standards of individuals across the globe is impelling the market growth. This trend is creating opportunities for brokerage firms to facilitate transactions and property management companies to ensure efficient utilization of space.
Leading Companies Operating in the Global Commercial Real Estate Brokerage and Management Industry:
- CBRE Group Inc.
- Century 21 Real Estate LLC (Anywhere Real Estate Inc.)
- Colliers International Group Inc.
- Jones Lang LaSalle IP Inc.
- Keller Williams Realty Inc.
- Kidder Mathews Inc.
- Mitsui Fudosan Co Ltd.
- Newmark Group Inc.
- Savills Inc. (Savills plc)
- Voit Real Estate Services
Commercial Real Estate Brokerage and Management Market Report Segmentation:
By Type:
- Brokerage
- Management
Brokerage represents the largest segment on account of its ability to generate revenue through commissions earned on successful property transactions.
By Solution:
- Sales
- Leasing
- Others
Sales hold the biggest market share as it involves higher transaction values and commissions as compared to leasing transactions.
By Application:
- Offices
- Industrial
- Retail
- Multifamily
- Others
Industrial accounts for the largest market share due to the thriving e-commerce sector.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys a leading position in the commercial real estate brokerage and management market, which can be attributed to the rising adoption of advanced tools and platforms for property marketing and data analytics.
Global Commercial Real Estate Brokerage and Management Market Trends:
The growing demand for commercial real estate brokerage and management due to the increasing awareness about environmental, social, and governance (ESG) factors is positively influencing the market. In addition, tenants, investors, and regulators are recognizing the importance of sustainable buildings, energy efficiency, and socially responsible practices. Brokerage firms and management companies are prioritizing environmental sustainability practices to attract eco-conscious clients.
Apart from this, the rising demand for flexible workspaces and sustainable buildings and amenities is contributing to the growth of the market. Brokerage firms and management companies are understanding these trends to attract and retain tenants and maximize property occupancy rates.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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