Commercial Real Estate Brokerage and Management Market Report 2024-2032

Global Commercial Real Estate Brokerage and Management Industry: Key Statistics and Insights in 2024-2032

Summary:

• The global commercial real estate brokerage and management market size reached USD 260.0 Billion in 2023.
• The market is expected to reach USD 455.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.24% during 2024-2032.
• North America leads the market, accounting for the largest commercial real estate brokerage and management market share.
• The commercial real estate market is flourishing as the demand for sustainable buildings and ESG-driven practices rises among tenants, investors, and regulators.
• Growing awareness of environmental, social, and governance (ESG) factors is increasing the need for eco-friendly real estate brokerage and management services.
• With the growing popularity of flexible workspaces and sustainable amenities, real estate firms are capitalizing on these trends to improve property occupancy rates.
• Brokerage firms in the real estate sector are adopting green practices to attract environmentally conscious clients and align with changing ESG standards.
• The market is experiencing significant growth as real estate management companies prioritize energy efficiency and socially responsible practices to meet tenant expectations.

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Industry Trends and Drivers:

• Technological Advancements:

The incorporation of advanced data analytics tools and digital marketing platforms allows brokers to extend their reach, streamline transactions, and enhance client services. Property management companies are utilizing technology to automate routine tasks, boost operational efficiency, and improve tenant experiences. By investing in these modern technologies, brokerage and management firms can secure a competitive edge, attract tech-savvy clients, and better respond to the evolving demands of the market.

• Changing Preferences of Individuals:

The growing demand for healthcare facilities and medical office spaces is fueling the market for commercial real estate brokerage and management services. Brokerage firms that specialize in healthcare real estate can take advantage of this trend by facilitating transactions and offering advisory services for healthcare properties. Furthermore, the rising need for distribution centers and last-mile delivery facilities, driven by shifting consumer preferences toward online shopping, is further enhancing market growth.

• Rapid Urbanization:

The increasing rate of urbanization and rising living standards are driving the demand for commercial real estate properties. As individuals move to cities in search of better opportunities, there is a growing need for office spaces, retail outlets, and residential complexes. This trend creates a positive market outlook for commercial real estate brokerage and management firms.

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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.

Breakup By Region:

• 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.

Top Commercial Real Estate Brokerage and Management Market Leaders:

The commercial real estate brokerage and management market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• 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

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