Global Real Estate Rental Market Trends And Strategies Of Major Players In The Real Estate Rental Market 2021-2030
31 May, 2021
The real estate rental market consists of sales of real estate rental services by entities (organizations, sole traders and partnerships) that rent, lease and allow the use of buildings and/or land. The rent of goods or services is governed by a rental agreement or contract between an owner of a product and an end-user where a payment is made by the end-user for the temporary use of the product. The rental agreement is a document used for the occupying of space (either commercial or residential) for a period of time in exchange for monthly rent.
Global Real Estate Rental Market Size And Drivers:
The global real estate rental market is expected to grow from $1727.23 billion in 2020 to $1765.5 billion in 2021 at a compound annual growth rate (CAGR) of 2.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2365.93 billion in 2025 at a CAGR of 8%. Rise in economy is the main driver of the market.
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Trends In The Global Real Estate Rental Market
Real estate agents are increasingly using new technologies such as online listing, video and virtual reality (VR), to provide better services to clients and strengthen the buyer-agent relationship. With advancements in technology, the role of real estate agents is shifting from just an information arbitrator to a local market expert and service provider. Online real estate listing services such as Zillow and realtor.com provide housing database and information on tax and purchase history. Technologies such as video, VR tours and e-signing services also streamline the real estate transactions. For instance, in 2016 Sotheby’s International Realty, a luxury real estate franchisor, began hosting 3D home tours on its listing pages.
Global Real Estate Rental Market Segments:
The global real estate rental market is further segmented based on type, mode and geography.
By Type: Residential Buildings And Dwellings Rental Services, Non-Residential Buildings Rental Services, Mini warehouses And Self-Storage Units Rental Services, Other Rental Services
By Mode: Online, Offline
By Geography: The global real estate rental market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global real estate rental market, accounting for 33% of the market in 2020.
Read More On The Report For The Global Real Estate Rental Market At:https://www.thebusinessresearchcompany.com/report/real-estate-rental-global-market-report-2020-30-covid-19-impact-and-recovery
Real Estate Rental Global Market Report 2021 is one of a series of new reports from The Business Research Companythat provides real estate rental market overviews, analyzes and forecasts market size and growth for the global real estate rental market, real estate rental market share, real estate rental market players, real estate rental market segments and geographies, real estate rental market’s leading competitors’ revenues, profiles and market shares. The real estate rental market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.