How large is the commercial real estate industry?

The total size of commercial real estate in the U.S. was estimated $16 trillion in 2018. Nareit estimates that the 2018 total dollar value of commercial real estate was between $14 and $17 trillion, with a mid-point of $16 trillion.

How big is the US commercial real estate market?

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.

Characteristic 2019 2020

How big is the real estate industry 2020?

Market size increased in 2020

The size of the professionally managed global real estate investment market increased from $9.6 trillion in 2019 to $10.5 trillion in 2020.

How much commercial real estate is in the US?

There are 2,251,786 Commercial Real Estate businesses in the US as of 2022, an increase of 1.7% from 2021.

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How big is the real estate industry 2021?

According to a new Zillow report, the total value of the private residential real estate in the United States increased by a record $6.9 trillion in 2021, to $43.4 trillion, Since the lows of the post-recession market and the corresponding building slump, the value of housing in the United States has more than doubled.

How big is China’s real estate market?

China’s real estate market has been called the most important sector in the world economy. Valued at about $55tn, it is now twice the size of its US equivalent, and four times larger than China’s GDP.

Is real estate a trillion dollar industry?

2021 is On Pace to be the First Multi-Trillion Dollar Real Estate Market. … Through the second quarter of 2021, the total value of residential real estate transactions was over $600 billion for the third time in the past year, for a total of $750 billion.

How much is the real estate industry worth in 2021?

Real Estate Sales & Brokerage in the US – Market Size 2002–2027

Year Value
Feb 1, 2019 185,910.2
Feb 1, 2020 183,669.5
Feb 1, 2021 195,851.4
Feb 1, 2022 202,607.4

How large is the housing industry?

Homes in California are worth a cumulative $7.8 trillion, more than the next three states combined, and the state boasts four of the 10 metro areas with the highest total housing value — Los Angeles, San Francisco, San Jose and San Diego.

Which is the biggest real estate market in the world?

China is home to more of the world real estate market assets (by value) than any other country at $42.7tn or 21 per cent of global real estate value, just ahead of the US at $42.1tn.

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Who owns the most commercial property in the United States?

Blackstone Group

Blackstone owns 153 million square feet of office space globally, and is the largest owner of office property in the U.S.

How big is the US multifamily market?

With a transaction value of close to 140 billion U.S. dollars in 2020, the multifamily real estate market accounted for almost half of the total commercial property market.

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.

Will house prices go down in 2023?

And while prices aren’t forecasted to decline, price growth through much of 2023 will be slower than average, according to Fannie Mae. Year-over-year home inflation will drop to 4.4% in the second quarter of 2023 and end the year at 2.9%. … Still, the pandemic is set to permanently raise the floor for US home prices.

Will houses go down in 2022?

In the same report, Redfin predicts that annual home price growth in 2022 will plunge to 3%. If that happens, it would be the slowest year-over-year change in home prices since 2012. That assessment of continued price growth deceleration in 2022 was shared by every forecast model reviewed by Fortune.

Will 2022 be a good year to buy a house?

Economists told Insider in July that 2022 will be an easier time for prospective homebuyers. New signs suggest that forecast is holding up. … And while economists expect prices to keep soaring next year, signs point to 2021 serving as the peak for the housing-market frenzy.

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