How big is the commercial real estate industry?
Global commercial property market size 2019-2020, by region
In 2020, the estimated value of the global commercial real estate market was approximately 32.6 trillion U.S. dollars, up from 30.3 trillion U.S. dollars in 2019.
How much commercial real estate is there in the US?
The total size of commercial real estate in the U.S. was estimated $16 trillion in 2018.
How much is the commercial real estate market worth?
The market size, measured by revenue, of the Global Commercial Real Estate industry is $3.9tr in 2021. What is the growth rate of the Global Commercial Real Estate industry in 2021?
How much does commercial real estate yield?
“In the residential sector, the rental yield turns out to be 2-3% odd after paying maintenance and property tax, whereas in commercial real estate, investors get a net yield of 7-8%,” said Raja Seetharaman, co-founder, Propstack, a commercial real estate research firm.
How do I sell my commercial real estate?
There are three main strategies for selling a commercial property of any kind:
- Work with a commercial real estate broker.
- Market your property on commercial or FSBO listings websites.
- Analyze off-market data to identify likely buyers and connect with them directly.
Is there a site like Zillow for commercial real estate?
LoopNet. LoopNet is one of the most recognized CRE search engines. For those more involved in multi family or residential real estate, LoopNet is often considered the Zillow of commercial real estate.
How many companies are in the real estate sector?
The US real estate industry includes about 351,000 companies with combined annual revenue of about $469 billion. Demand for real estate is driven by population growth, personal income, employment rates, interest rates, and access to capital.
How many Commercial Real Estate brokers are in the USA?
The US commercial real estate brokerage industry includes about 120,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $112 billion. The industry includes sales and leasing brokers and agents for nonresidential property.
Is real estate a concentrated industry?
At the national level, both the NAR and the FTC/DOJ reports point out that the industry is not concentrated. 5 But as most observers agree, real estate markets are local, so national-level market structure information is not dispositive.