Press release
Top Factor Driving Real Estate Agency and Brokerage Market Growth in 2025: Urbanization Boom Fueling Demand For Real Estate Agency And Brokerage
Real Estate Agency and Brokerage Market Size
The forecasted period is expected to see an increased demand for real estate agency and brokerage services, with economic growth and an escalating urban population being significant factors. The surge in individuals relocating from rural areas to cities is leading to a greater necessity for affordable residential and commercial spaces. This presents an immense opportunity for providers of real estate services to enhance residential, retail, and other commercial services. Around the globe, approximately 60% of urban developments are yet to be constructed. To illustrate, data released by the World Bank, an international financial entity based in the US, in April 2023 revealed that about 4.4 billion people, equating to 56% of the global population, currently reside in cities. The estimate for 2050 is that nearly 7 out of 10 individuals will be living in urban areas, implying that the urban population is likely to more than double from where it stands today. This swift urbanization is anticipated to invigorate the demand for real estate agencies and brokers, driving the future trend of the real estate agency and brokerage market.
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How will the growth rate of the real estate agency and brokerage market shape industry trends by 2034?
In recent times, the real estate agency and brokerage market size has seen significant growth. Anticipated growth is from $1450.24 billion in 2024 to $1551.03 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors such as robust economic expansion in emerging markets, increased disposable income, and government initiatives have contributed to this historical period growth.
Anticipations for the forthcoming years predict a robust expansion in the real estate agency and brokerage market, the value of which is projected to reach $1993.55 billion in 2029, with a compound annual growth rate of 6.5%. The estimated growth is primarily attributed to increased infrastructure investment, population growth, and heightened urbanization. The forecast period is expected to witness significant trends including a focus on the metaverse in the real estate agency and brokerage sector, the application of augmented and virtual reality, the utilization of artificial intelligence, the introduction of consumer-oriented websites, mobile platforms specific to real estate agency and brokerage, and an emphasis on innovative solutions accompanied by strategic partnerships and collaborations.
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What new trends are reshaping the real estate agency and brokerage market and its opportunities?
A growing trend within the real estate industry is the utilization of artificial intelligence technologies for functions such as property searches, building administration, and architectural design. These AI technologies aid real estate firms in identifying potential buyers or sellers, locating properties that fit customers' needs, and reshaping office spaces according to user behavior. Research by Drooms suggests that around 54% of property industry professionals are using AI for enhanced keyword searches. Additionally, 69% think AI provides a competitive edge by enabling fast document searches. For example, real estate firm REX uses third-party data, including Google, to assess an individual's inclination to buy or sell a property. Shared workspace provider startup WeWork is employing AI to plan its office layouts. Skyline, an Israeli company's AI platform, offers property recommendations to real estate investors, using data gathered from over 130 sources and considering more than 10,000 various property attributes.
Which primary segments of the real estate agency and brokerage market are driving growth and industry transformations?
The real estate agency and brokerage market covered in this report is segmented -
1) By Type: Residential Buildings And Dwellings Brokers, Non-Residential Buildings Brokers, Mini warehouses And Self-Storage Units Brokers, Other Brokers
2) By Mode: Online, Offline
3) By Property Type: Fully Furnished, Semi-Furnished, Unfurnished
Subsegments:
1) By Residential Buildings And Dwellings Brokers: Single-Family Homes, Multi-Family Homes, Condominiums, Townhouses
2) By Non-Residential Buildings Brokers: Office Buildings, Retail Spaces, Industrial Properties, Hospitality Properties
3) By Mini Warehouses And Self-Storage Units Brokers: Personal Storage Units, Business Storage Solutions
4) By Other Brokers: Land Brokers, Agricultural Brokers, Specialty Property Brokers
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Which geographical regions are pioneering growth in the real estate agency and brokerage market?
Asia-Pacific was the largest region in the real estate agency and brokerage market in 2024. North America was the second-largest region in the real estate agency and brokerage market. The regions covered in the real estate agency and brokerage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the real estate agency and brokerage market landscape?
Major companies operating in the real estate agency and brokerage market include Anywhere Real Estate Inc., Mitsui Fudosan Co., Ltd., Berkshire Hathaway Inc., CBRE Group, FirstService Corporation, Jones Lang LaSalle Inc., Sekisui House, Savills plc, Cushman & Wakefield Inc., Colliers International, New World Development Co, Wheelock and Company Ltd, Henderson Land Development Company Ltd, Guangzhou R&F Properties Co. Ltd., Sino-Ocean Group Holding Limited, Agile Property, China Merchants Property, Evergrande Group, Knight Frank, Tokyo Century Leasing, Intu Group, H&H Group, Berkeley Group, Wheatley Housing Group, Praedium ONCOR International, PPF Real Estate Holding, WOOD & Company, Red Feniks, Awaye Realty, MIR Kvartir, Gorodskoy Rieltorskiy Centr, Atalanta, Coldwell Banker Realty, Keller Williams Realty, HomeServices of America, Sotheby's International Realty, Compass Realty Solutions, Triplemint Real Estate LLC, Macdonald Realty, Lennard Commercial Realty, Brokerage, RBC Capital Markets Real Estate Group, Sergio Castro Imóveis, Portal 62imoveis.com, Urbanizadora Paranoazinho, Villagua Atividades Imobiliarias, Alfa Center Imóveis, URBS Lançamentos, Taiana Propiedades, JB SRUR, D'Aria Propiedades, Binayah Real Estate Dubai, FAM Properties, Better Homes, D&B Real Estate Dubai, Haus & Haus, Driven Properties, Tanami Properties Dubai, Allsopp & Allsopp, Steigen Real Estate, Rebosa, Real Dots Properties, TITAN Property Group, RE/MAX, Precision Realty Brokerage.
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What Is Covered In The Real Estate Agency and Brokerage Global Market Report?
• Market Size Forecast: Examine the real estate agency and brokerage market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the real estate agency and brokerage market for a structured understanding.
• Key Players Overview: Analyze major players in the real estate agency and brokerage market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the real estate agency and brokerage market.
• Segment Contributions: Evaluate how different segments drive overall growth in the real estate agency and brokerage market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the real estate agency and brokerage market.
• Industry Challenges: Identify potential risks and obstacles affecting the real estate agency and brokerage market.
• Competitive Landscape: Review strategic developments in the real estate agency and brokerage market, including expansions, agreements, and new product launches.
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