Commercial Real Estate Brokerage and Management Market Expected to Reach $424.4 Billion by 2030

According to a new report published by Allied Market Research, titled, “Commercial Real Estate Brokerage and Management Market by Solution, Type, Application, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the commercial real estate brokerage and management market size is expected to reach $424.4 billion by 2030, from $209.9 billion in 2020, registering a CAGR of 7.2% from 2021 to 2030. Real estate brokerage solution consists of buying, selling, leasing, and renting the property.

The commercial real estate brokerage and management includes revenue generated by buying and selling commercial properties that consist of hotels, offices, commercial complexes, and shopping complexes.

The commercial real estate brokerage and management market is mainly driven by rise in urbanization in developing countries. In addition, growth in population has led to rise in demand for commercial properties. Moreover, several government policies such as Golden Visa, low interest rate on loans, and affordable housing schemes also propel the market growth.

However, there is excess construction of commercial properties in developed countries, which has increased the demand and supply gap and brought the residential real estate market to a saturation point. In addition, the lockdown due to the outbreak of COVID-19 led to a halt in construction activities as well as impacted transactions in the commercial real estate market. Moreover, several countries such as South Korea are planning and expanding cities such as Gangnam and Gangbuk, which are anticipated to boost the market growth. A rise in disposable income of population, economy growth in developing countries, and growing urban population are some of the important factors that drive the commercial real estate brokerage and management market growth.

However, saturation in developing countries and impact of COVID-19 on construction activities are anticipated to restrain the growth of the market. On the contrary, the expansion of new planned cities is anticipated to provide lucrative opportunities for the market growth.

COVID-19 pandemic halted the manufacturing and construction facility for a short-term, owing to prolonged lockdown implemented in countries such as Japan, the U.S., China, India, and others. In addition, COVID-19 pandemic has shut-down, construction activities, owing to the prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. This hampered the growth of the commercial real estate brokerage and management industry significantly in 2020. Further, this pandemic situation directly impacted the sales of commercial real estate brokerage and management companies. For instance, the sales of Jones Lang LaSalle IP, Inc dropped by 7.7% from January 2020 to December 2020. 

The commercial real estate brokerage and management is segmented on the basis of solution, type, application, and region. Based on solution, the market is divided into sales, leasing, and management. By application, the market is divided into offices, industrial, retail, multifamily, and others. Based on type, the market is divided into brokerage and management.

Region wise, market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, the North America was the highest contributor to the commercial real estate brokerage and management market share.

Key Findings Of The Study

• The report provides an extensive analysis of the commercial real estate brokerage and management market trends and dynamics. 
• Depending on solution, the sales segment was the largest revenue generator in 2020.
• By type, the brokerage segment generated the highest revenue in 2020.
• On the basis of application, the industrial-segment accounted for the highest revenue in 2020.
• Region wise, North America is anticipated to dominate the commercial real estate brokerage and management market throughout the study period.
• The report provides an extensive analysis of the commercial real estate brokerage and management market trends and emerging opportunities of the market. 
• The commercial real estate brokerage and management market forecast analysis from 2021 to 2030 is included in the report.