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2021

Commercial Real Estate Brokerage And Management Market

Commercial Real Estate Brokerage and Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Solution (Sales, Leasing, and Others), Type (Brokerage and Management), and Application (Offices, Industrial, Retail, Multifamily, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Priyanka Khandelwal | Sonia Mutreja
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The commercial real estate brokerage and management market is expected to reach $424,406.0 million by 2030, from $209,901.0 million in 2020, registering a CAGR of 7.2% from 2021 to 2030. Commercial real estate brokerage systems consist of selling, leasing, buying, or renting the property. It is engaged in providing brokerage services for industries such as medical, hospital, hotel, and other industries. Broker is engaged in brokerage management service, which is intermediator between seller and buyer to conduct property transaction. 

Major players such as Cushman & Wakefield Inc, CBRE Group Inc, and others are engaged in offering brokerage management services for improving the product portfolio of brokerage management services. For instance, in February 2021, Cushman & Wakefield Inc engaged in brokering the property in “HERRLICHKEIT” office building in Hamburg, Germany. It sells property of 7,600 square meters. It is engaged in offering valuation services, advisory services, and financial services for the real estate property brokerage management solutions. 

Commercial-Real-Estate-Brokerage-and-Management-Market-2021-2030

A rise in urbanization in developing countries such as India, Brazil, and others and increase in disposable income of population are driving the growth of the commercial real estate brokerage and management market. For instance, the urban population in Asia-Pacific is expected to grow at a rate of 32.4% from 2015 to 20130. The COVID-19 pandemic has resulted in ‘work from home’ becoming the norm, especially in the IT sector. Lockdowns and ‘work from home’ have severely hit occupancy and rental incomes in commercial real estate. If the property remains vacant for several months, investors would not be able to get any return despite committing huge sums of money, which drives the growth of the commercial real estate brokerage and management market

In addition, rise in adoption of technologies such as customer relationship management (CRM) software, Artificial Intelligence (AI), Internet of Things (IoT), and other technologies to improve the better decision-making solutions and quick decision, and improve the productivity of management solutions. Major players such as Cushman & Wakefield Inc, REX Inc, and others are engaged in offering technology enabled software to manage property brokerage management solutions. For instance, REX Inc engaged in real estate management services. It provides system that analyzes the data from third parties such as Google, Yahoo, and others to determine the willingness of a person to buy commercial property or affordable commercial spaces. It uses Artificial Intelligence (AI) technology. It possesses features such as reduce time, better decision-making, and operate brokerage management smoothly and effectively. 

Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. Furthermore, saturation in developing countries and COVID-19 impact on commercial real estate industry are anticipated to hamper the growth of the commercial real estate brokerage and management market. Furthermore, expansion of new planned city in developing countries is anticipated to provide lucrative opportunities for growth of the commercial real estate brokerage and management market.

Commercial Real Estate Brokerage and Management Market
By Solution
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Sales segment holds dominant position in 2020

The commercial real estate brokerage and management market is segmented on the basis of solution, type, and region. Based on solution, the market is divided into lease, sales, and others. Sales segment dominated the market in 2020. By application, the market is divided into offices, industrial, retail, multifamily, and others. Industrial segment dominated the market in 2020. By type, the market is divided into brokerage and management. Brokerage segment dominated the market in 2020. 

Regionally, the commercial real estate brokerage and management market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America region dominated the market in 2020. 

Commercial Real Estate Brokerage and Management Market
By Application
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Retail segment is expected to grow at a significant CAGR

Competition Analysis

Key companies profiled in the report include CBRE Group, Inc, Christie’s International Real Estate, Cushman & Wakefield Plc, Jones Lang LaSalle IP, Inc, Newmark & Company Real Estate, Inc, Colliers International Group, Inc, Keller Williams Realty, Inc, Regus Group, Lendlease, and Century 21.  

Major players such as product launch, acquisition, and business expansion as key developmental strategy to improve the product portfolio of commercial real estate brokerage management services. For instance, in June 2021, Jones Lang LaSelle IP, Inc acquired East Coast Acquisition based in the U.S., which deals in offering real estate property management services. The acquisition aimed to sell Roswell Market Place, which is 95,522 square feet of shopping center of worth $37.6 million.

Commercial Real Estate Brokerage and Management Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

North America Region is expected to dominate the market during the forecast period.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current trends and future estimations.  
  • Extensive analysis of commercial real estate brokerage and management market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The commercial real estate brokerage and management market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within the commercial real estate brokerage and management market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the commercial real estate brokerage and management market. 

Commercial Real Estate Brokerage And Management Market Segments

BY Solution

  • Sales
  • Leasing
  • Others

BY Type

  • Brokerage
  • Management

BY Application

  • Offices
  • Industrial
  • Retail
  • Multifamily
  • Others     

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • CBRE Group, Inc
  • Christie’s International Real Estate
  • Cushman & Wakefield Plc
  • Jones Lang LaSalle IP, Inc
  • Newmark & Company Real Estate, Inc
  • Colliers International Group, Inc
  • Savills Plc
  • Mitsui Fudosan Co. Ltd
  • Voit Real Estate Services L.P.
  • Kidder Mathews Inc

Commercial Real Estate Brokerage and Management Market Report Highlights

Aspects Details
Commercial Real Estate Brokerage and Management Market By SOLUTION
By SOLUTION
  • Sales
  • Leasing
  • Others
Commercial Real Estate Brokerage and Management Market By TYPE
By TYPE
  • Brokerage
  • Management
Commercial Real Estate Brokerage and Management Market By APPLICATION
By APPLICATION
  • Offices
  • Industrial
  • Retail
  • Multifamily
  • Others
Commercial Real Estate Brokerage and Management Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

CBRE GROUP, INC., Newmark & Company Real Estate, Inc., Jones Lang LaSalle IP, Inc., Cushman & Wakefield PLC, CHRISTIE’S INTERNATIONAL REAL ESTATE, Colliers International Group Inc, Mitsui Fudosan Co. Ltd, Voit Real Estate Services L.P., Savills Plc, Kidder Mathews Inc

Analyst Review

Commercial real estate brokerage solutions consist of buying, selling, renting, or leasing properties such as office and non-residential properties. Brokerage management also provides advisory and consultancy services to various clients. It provides services to offices, retail, and industrial spaces. Real estate broker got commission of around 2% of the total transaction value from the clients.

A rise in disposable income of the population and growth in urban population are some of the important factors that drive the growth of the commercial real estate brokerage and management market. A rise in number of populations shifts from rural areas to urban areas, which needs more shopping complexes and shopping market, this provides a significant opportunity for commercial real estate services; thereby, fueling the growth of the market. The commercial real estate brokerage and management market was valued at $209,901.0 million in 2020, and is expected to reach $424,406.0 million by 2030, registering a CAGR of 7.2% from 2021 to 2030.

Major companies in the commercial real estate brokerage and management market have adopted strategies such as acquisition, business development, joint venture, partnership, and product launch to offer better brokerage services to customers in the commercial real estate market.

 

Author Name(s) : Priyanka Khandelwal | Sonia Mutreja
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Frequently Asked Questions?

The Commercial real estate brokerage and management market size was $209,201.0 million in 2020 and is projected to reach $424,406.0 million in 2030, growing at a CAGR of 7.2% from 2021 to 2030.

The forecast period considered for the Commercial real estate brokerage and management market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

The base year considered in the Commercial real estate brokerage and management market is 2021.

The report for Commercial real estate brokerage and management market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

On the basis of solution, the sales segment is expected to be the most influencing segment growing in the Commercial real estate brokerage and management market report.

Based on application, retail segment generated the highest revenue, accounting for 30.0% of the market share, and is projected to grow at a CAGR of 8.4% from 2021 to 2030.

The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

North America is expected to provide more business opportunities for commercial real estate brokerage and management market in the future.

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Commercial Real Estate Brokerage And Management Market

Global Opportunity Analysis and Industry Forecast, 2021-2030