How Global Real Estate Rental Market Players Should Strategize For 2022-2031
24 Feb, 2022
The global real estate rental market size is expected to grow from $2.16 trillion in 2021 to $2.40 trillion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth in the market 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 real estate rental market is expected to reach $3.48 trillion in 2026 at a CAGR of 9.7%.
What is the Global Real Estate Rental Market?
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.
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What drives 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 June 2021, Cartus Corporation, a real estate services company based in the United States, launched a new technology-enabled global personnel solution under its Language and Intercultural Solutions business line. The new digital learning environment, as well as Language and Intercultural Solutions, assists employees in travelling and relocating to new locations, as well as coaching them through some of the most critical transitions in their professional and personal lives.
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https://www.thebusinessresearchcompany.com/report/real-estate-rental-global-market-reportGlobal Real Estate Rental Market Segments
The global real estate rental market is segmented:
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 Property Type: Fully Furnished, Semi-Furnished, Unfurnished
By Geography: The regions covered in the real estate rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Real Estate Rental Global Market Report 2022provides market size and growth forecasts for the global real estate rental market, global real estate rental market share, real estate rental market segments and geographies, real estate rental market competitive landscape including 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.
Global Real Estate Rental Industry Playersinclude Daito Trust Construction Co. Ltd., Brookfield Asset Management, American Tower Corporation, Sun Hung Kai Properties Limited, CapitaLand Limited, Mitsui Fudosan Co. Ltd., Xiamen C&D, Simon Property Group Inc, Digital Realty Trust Inc and Leopalace21 Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.