Press release
Real Estate Rental Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Real Estate Rental Market Analysis
The Business Research Company presents an extensive market research report on the Real Estate Rental Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The real estate rental market size has grown strongly in recent years. It will grow from $2601.92 billion in 2023 to $2806.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to consumer confidence, economic conditions, interest rates, consumer preferences, global events.
The real estate rental market size is expected to see strong growth in the next few years. It will grow to $3749.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to growing sustainability and green practices, remote work trends, affordability challenges, government policies, global events and health factors. Major trends in the forecast period include remote work impact, technology integration, sustainability and energy efficiency, flexible lease terms, affordable housing initiatives, health and safety concerns.
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Key Market Players:
Major companies operating in the real estate rental market report are Brookfield Asset Management, CBRE Group Inc., Leopalace21 Corporation, Xiamen C&D, Mitsui Fudosan Co. Ltd., American Tower Corporation, Weyerhaeuser Company, Sun Hung Kai Properties Limited, Equinix Inc. (REIT), Prologis Inc., Simon Property Group Inc., Host Hotels & Resorts Inc., Digital Realty Trust Inc, Public Storage, Daito Trust Construction Co. Ltd., Americold Realty Trust, Equity Residential, SBA Communications Corporation, AvalonBay Communities Inc., Alexandria Real Estate Equities Inc., CapitaLand Limited, Healthpeak Properties Inc., UDR Inc., Camden Property Trust, Regency Centers Corporation, CyrusOne Inc., Federal Realty Investment Trust, STORE Capital Corporation, Rexford Industrial Realty Inc., Crown Castle International Corp. (REIT), Duke Realty Corporation, Essex Property Trust Inc., Highwoods Properties Inc.
Market Drivers:
The elevated home prices are expected to increase the demand for real estate rental market. Due to the pandemic-induced lockdown and rising interest rates, housing prices are seeing a jump. Real estate rentals provide an alternative accommodation option for people who cannot buy a home, increasing the demand for rental units. For example, in 2022, in India, Delhi- National Capital Region (NCR) saw the highest increase in residential prices at 10% year-on-year (YoY), followed by Ahmedabad and Hyderabad with 9% and 8% YoY increase, respectively from 2021. Therefore, the elevated home prices are expected to contribute to the demand for real estate rental market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/real-estate-rental-global-market-report
The real estate rental market covered in this report is segmented -
1) By Type: Residential Buildings And Dwellings Rental Services, Non-Residential Buildings Rental Services, Mini warehouses And Self-Storage Units Rental Services, Other Rental Services
2) By Mode: Online, Offline
3) By Property Type: Fully Furnished, Semi-Furnished, Unfurnished
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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