The global commercial real estate brokerage and management market size reached US$ 260.0 billion in 2023. The market is projected to reach US$ 455.8 billion by 2032, exhibiting a growth rate (CAGR) of 6.44% during 2023-2032. The ongoing vacancy of various well-furnished commercial complexes across the globe and the widespread adoption of property management solutions across the real estate sector represent some of the key factors driving the market.
Commercial real estate brokerage and management represent a settlement and a process involving selling, leasing, buying, and renting of non-residential properties between merchants and an agency associated with real estate business. It usually includes industrial units, lands, flex, retail, space, shopping complexes, offices, and other commercial complexes as standard business-related infrastructures. These properties are further managed by brokers who act as intermediate individual and is responsible for drafting contracts and connecting sellers and buyers to conduct a capital transaction during an arranged meeting. Commercial real estate brokerage and management offer various advanced solutions, such as valuation services, advisory offerings, and lease and rental management. These practices help in ensuring instant communication and transparency, maintain security, and allow easy payment from tenants and contractors. As a result, commercial real estate brokerage and management find widespread application in conducting property transactions.
2. What is the expected growth rate of the global commercial real estate brokerage and management market during 2024-2032?
3. What are the key factors driving the global commercial real estate brokerage and management market?
4. What has been the impact of COVID-19 on the global commercial real estate brokerage and management market?
5. What is the breakup of the global commercial real estate brokerage and management market based on the type?
6. What is the breakup of the global commercial real estate brokerage and management market based on the solution?
7. What is the breakup of the global commercial real estate brokerage and management market based on the application?
8. What are the key regions in the global commercial real estate brokerage and management market?
9. Who are the key players/companies in the global commercial real estate brokerage and management market?
Commercial real estate brokerage and management represent a settlement and a process involving selling, leasing, buying, and renting of non-residential properties between merchants and an agency associated with real estate business. It usually includes industrial units, lands, flex, retail, space, shopping complexes, offices, and other commercial complexes as standard business-related infrastructures. These properties are further managed by brokers who act as intermediate individual and is responsible for drafting contracts and connecting sellers and buyers to conduct a capital transaction during an arranged meeting. Commercial real estate brokerage and management offer various advanced solutions, such as valuation services, advisory offerings, and lease and rental management. These practices help in ensuring instant communication and transparency, maintain security, and allow easy payment from tenants and contractors. As a result, commercial real estate brokerage and management find widespread application in conducting property transactions.
Commercial Real Estate Brokerage and Management Market Trends
Increasing construction activities and rapid infrastructural development represent some of the prime factors driving the market growth. The rising demand for real estate brokers to offer services regarding property searching and ensure proper selling and buying of property is acting as another growth-inducing factor. Additionally, rapid urbanization and the continuous migration of individuals from small villages or rural areas toward large cities to improve their overall living standards and utilize the modern assets present therein are contributing the market growth. Moreover, the extensive integration of artificial intelligence (AI), the Internet of Things (IoT), and customer relationship management (CRM) solutions with commercial real estate brokerage and management software is propelling the market growth. These technologies allow the user to make better decisions regarding the deals instantly, analyze the data from third-party sources or search browsers effectively, and improve the productivity of management solutions, which, in turn, is contributing to the market growth. Apart from this, the ongoing product diversification by prominent players are positively impacting the market growth. Other factors, such as the rising disposable incomes and the significant expansion in the real estate sector, along with the establishments of new planned city in developing countries, are creating a positive outlook for the market.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global commercial real estate brokerage and management market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on type, solution, and application.Type Insights:
- Brokerage
- Management
Solution Insights:
- Sales
- Leasing
- Others
Application Insights:
- Offices
- Industrial
- Retail
- Multifamily
- Others
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
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global commercial real estate brokerage and management market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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, etc.Key Questions Answered in This Report
1. How big is the global commercial real estate brokerage and management market?2. What is the expected growth rate of the global commercial real estate brokerage and management market during 2024-2032?
3. What are the key factors driving the global commercial real estate brokerage and management market?
4. What has been the impact of COVID-19 on the global commercial real estate brokerage and management market?
5. What is the breakup of the global commercial real estate brokerage and management market based on the type?
6. What is the breakup of the global commercial real estate brokerage and management market based on the solution?
7. What is the breakup of the global commercial real estate brokerage and management market based on the application?
8. What are the key regions in the global commercial real estate brokerage and management market?
9. Who are the key players/companies in the global commercial real estate brokerage and management market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Commercial Real Estate Brokerage and Management Market
6 Market Breakup by Type
7 Market Breakup by Solution
8 Market Breakup by Application
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 260 Billion |
| Forecasted Market Value ( USD | $ 455.8 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
