Global Commercial Real Estate Brokerage, Management Market Could Reach $424B by 2030
Allied Market Research, Portland, Ore., said the global commercial real estate brokerage and management market generated $209 billion in 2020 and could reach $424 billion by 2030.
The Allied Market Research report, Commercial Real Estate Brokerage and Management Market, forecasts a 7.2 percent compound annual growth rate for the sector from 2021 to 2030. The report includes analysis of changing market trends, value chain, top segments, top investment pockets, regional scenarios and competitive landscape.
Leading commercial real estate brokerage and management firms analyzed in the research include CBRE Group, Cushman & Wakefield, Christie’s International Real Estate, Newmark & Co. Real Estate, Inc., Jones Lang LaSalle, Keller Williams Realty, Colliers International, Lendlease, Regus Group and Century 21.
“An increase in urban population, rise in commercial construction buildings and a surge in government initiatives for real estate investments drive the growth of the global commercial real estate brokerage and management market,” the report said. “However, saturation in developed countries hinders the market growth.”
The report analyzes the global commercial real estate brokerage and management market based on solution, type, application and region. Based on type, the brokerage segment contributed to the largest market share in 2020, accounting for more than four-fifths of the total share. The brokerage segment is forecast to continue its lead position during the forecast period. But the report said the management segment could see the highest CAGR, 8.4 percent, from 2021 to 2030.
Based on application, the industrial segment accounted for the largest share in 2020, holding nearly one-third of the global commercial real estate brokerage and management market. The segment is projected to maintain its leadership status throughout the forecast period.
Based on region, North America holds the highest share at nearly 40 percent of the total, and the report said it will continue its dominant share in terms of revenue by 2030. The Asia-Pacific region will likely see the fastest CAGR, 8.5 percent, during the forecast period.
