What is the size of the US commercial real estate market?

How big is the commercial real estate market in the US?

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 much commercial real estate is there in the US?

There are 2,194,409 Commercial Real Estate businesses in the US as of 2021, an increase of 1.7% from 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 is the real estate industry worth 2020?

U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year since 2005, according to a new Zillow analysis. The full stock of U.S. housing is now worth $36.2 trillion.

IMPORTANT:  How much is property tax in Baltimore MD?

How big is the real estate industry 2021?

The global real estate market is expected to grow from $2687. 35 billion in 2020 to $2774. 45 billion in 2021 at a compound annual growth rate (CAGR) of 3.

How big is China’s real estate market?

The Chinese property market is already twice the size of the US residential market and in 2019 was worth $52 trillion.

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 residential real estate market?

The residential real estate market size was valued at $8,567.4 billion in 2019, and is expected to reach $12,182.1 billion by 2027, registering a CAGR of 9.0% from 2020 to 2027. The market includes buying and selling of residential properties such as flats, bungalows, and villas.

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.

What are the biggest real estate markets?

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.

Will real estate prices drop in 2021?

The pace of home sales has cooled since the first quarter of 2021 when it was at 7.2 million. Freddie Mac predicts home sales to hit 6.8 million for the full years 2021 and 2022. Additionally, they forecast house price growth of 16.9% in 2021. However, they expect house price growth to slow to 7.0% in 2022.

IMPORTANT:  What is the property tax rate in Clark County NV?

What is the value of the US housing market?

The typical home value of homes in the United States is $312,728. This value is seasonally adjusted and only includes the middle price tier of homes. United States home values have gone up 19.2% over the past year and Zillow predicts they will rise 13.6% in the next year.