The Global Real Estate Rental Market Report by The Business Research Company covers real estate rental market drivers and restraints, real estate rental market size, major players, and the impact of COVID-19 on the 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. 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, and other rental services.
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.
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%.
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Some real estate rental market trends include real estate agents 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.
Global real estate rental market segments include:
1) By Type: Residential Buildings And Dwellings Rental Services, Non-Residential Buildings Rental Services, Mini Warehouses And Self-Storage Units Rental Services, Other Rental Services.
2) By Mode: Online, Offline.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global real estate rental market share.
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The Real Estate Rental Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides real estate rental market overviews, analyzes and forecasts market size, share, real estate rental market players, real estate rental market segments and geographies, 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.
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Read Real Estate Rental Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: CBRE Group, Colliers International, RE/MAX, Marcus and Millichap, HFF.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The real estate rental Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The real estate rental Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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