Press release
2020 Real Estate Agency and Brokerage Market Analysis by Key Development Factors, Latest Trends, Market Size, Share and Global Outlook and Forecast
Real Estate Agency and Brokerage Market
The global real estate agency and brokerage market is expected to decline from $913.3 billion in 2019 to $908.9 billion in 2020 at a compound annual growth rate (CAGR) of -0.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $1107.2 billion in 2023.
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The real estate agency and brokerage services market consists of the sales of real estate agency and brokerage services by entities (organizations, sole traders and partnerships) that act as agents and/or brokers for real estate activities.
Commercial real estate (CRE) industry and brokerage service companies are leveraging on big data technology to identify customer choices and build robust customer relationships. Big data is a large data set that can be analyzed to gain deeper insights into consumer behavior and market dynamics and enhance decision-making process. It enables CRE companies to optimize utilization of resources and make better property sale or lease decisions. For example, View-The-Space, a US-based CRE management and technology firm creates videos to track consumer behavior. BlockAvenue, a location-based platform, uses big data to create crucial metrics and help find potential property buyers for CRE companies. Some well-known big data startups in the CRE industry include Compstak, Honest Buildings, Rentlytics, redIQ, Reonomy, ReScour and Propstack.
Real Estate Agency and Brokerage Market Segmentation:
By Type
1.Residential Buildings And Dwellings Brokers
2.Non-Residential Buildings Brokers
3.Mini warehouses And Self-Storage Units Brokers, Other Brokers
By Mode
1.Online
2.Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Real Estate Agency and Brokerage Market Characteristics
4. Real Estate Agency and Brokerage Market Product Analysis
5. Real Estate Agency and Brokerage Market Supply Chain
...
20. Key Mergers And Acquisitions In The Real Estate Agency and Brokerage Market
21. Market Background: Real Estate Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the real estate agency and brokerage market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the real estate agency and brokerage market are CBRE Group, Jones Lang LaSalle Inc, Newmark Grubb Knight Frank, Keller Williams, Century 21
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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