PUBLISHER: IMARC | PRODUCT CODE: 1675655
PUBLISHER: IMARC | PRODUCT CODE: 1675655
The global commercial real estate brokerage and management market size reached USD 276.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 476.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.93% during 2025-2033. The ongoing vacancy of various well-furnished commercial complexes across the globe and the widespread adoption of property management solutions across the real estate sector represent some of the key factors driving the market.
Commercial real estate brokerage and management represent a settlement and a process involving selling, leasing, buying, and renting of non-residential properties between merchants and an agency associated with real estate business. It usually includes industrial units, lands, flex, retail, space, shopping complexes, offices, and other commercial complexes as standard business-related infrastructures. These properties are further managed by brokers who act as intermediate individual and is responsible for drafting contracts and connecting sellers and buyers to conduct a capital transaction during an arranged meeting. Commercial real estate brokerage and management offer various advanced solutions, such as valuation services, advisory offerings, and lease and rental management. These practices help in ensuring instant communication and transparency, maintain security, and allow easy payment from tenants and contractors. As a result, commercial real estate brokerage and management find widespread application in conducting property transactions.
Increasing construction activities and rapid infrastructural development represent some of the prime factors driving the market growth. The rising demand for real estate brokers to offer services regarding property searching and ensure proper selling and buying of property is acting as another growth-inducing factor. Additionally, rapid urbanization and the continuous migration of individuals from small villages or rural areas toward large cities to improve their overall living standards and utilize the modern assets present therein are contributing the market growth. Moreover, the extensive integration of artificial intelligence (AI), the Internet of Things (IoT), and customer relationship management (CRM) solutions with commercial real estate brokerage and management software is propelling the market growth. These technologies allow the user to make better decisions regarding the deals instantly, analyze the data from third-party sources or search browsers effectively, and improve the productivity of management solutions, which, in turn, is contributing to the market growth. Apart from this, the ongoing product diversification by prominent players are positively impacting the market growth. Other factors, such as the rising disposable incomes and the significant expansion in the real estate sector, along with the establishments of new planned city in developing countries, are creating a positive outlook for the market.
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