Real Estate Rental Market Characteristics
The real estate rental market consists of real estate rental revenues earned by entities (organizations, individuals, sole traders and partnerships) that rent, lease and allow the use of buildings and/or land.
Competitive Landscape of the Real Estate Rental Market
Major players in the global real estate rental market include CBRE Group, Colliers International, RE/MAX, Marcus and Millichap, HFF
Real Estate Rental Market Size
The real estate rental market size is expected to increase by 2022, significantly growing at a CAGR during the forecast period. The growth in the Real Estate Rental Market is due to rise in economy and spending power of customers.
However, the market for real estate rental market is expected to face certain restraints from several factors such as government taxes and slowing market
Real Estate Rental Market Segmentation
The global real Estate rental market is further segmented based on type and geography.
By Type - The real estate rental market is segmented into residential buildings and dwellings rental services, non-residential buildings rental services, mini warehouses and self-storage units rental services, other rental services, among these segments, the residential buildings and dwellings rental services accounts for the largest share in the global real estate rental market.
By Geography - The global real Eestate rental market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific region accounts the largest share in the global Real Estate Rental market.
Trends in the 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.
Potential Opportunities in the Real Estate Rental Market Market
With economic growth, number of Real Estate Rental stores also flurished, the scope and potential for the global Real Estate Rental Market market is expected to significantly rise in the forecast period.