DUBLIN, February 25, 2022–(BUSINESS WIRE)–The report “Global Real Estate Leasing Market Report 2022 by Type, Mode, Property Type” has been added to from ResearchAndMarkets.com offer.
The global real estate rental market is expected to grow from $2,164.29 billion in 2021 to $2,396.61 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges.
The market is expected to reach $3,476.58 billion in 2026 with a CAGR of 9.7%.
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.
With advances in technology, the role of real estate agents is changing from mere arbiter of information to local market expert and service provider. Online real estate listing services such as Zillow and realtor.com provide a housing database and tax and purchase history information.
Technologies such as video, virtual tours and electronic signature services are also streamlining real estate transactions. For example, in June 2021, Cartus Corporation, a US-based real estate services company, launched a new technology-based global workforce management solution as part of its Language and Intercultural Solutions business line.
The new digital learning environment, along with language and cross-cultural solutions, helps employees travel and relocate to new locations, as well as support them through some of the most critical transitions in their professional and personal lives.
Asia-Pacific was the largest region in the real estate rental market in 2021. North America was the second largest region in the real estate rental market. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered by the real estate rental market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru , Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.
Key companies in the real estate rental market include
Daito Trust Construction Co.Ltd.
Brookfield Asset Management
American Tower Society
Sun Hung Kai Properties Limited
Capital Land Limited
Mitsui Fudosan Co.Ltd.
Simon Real Estate Group Inc.
Digital Realty Trust Inc.
For more information about this report visit https://www.researchandmarkets.com/r/q197m6
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220225005257/en/
Laura Wood, Senior Press Officer
For EST business hours, call 1-917-300-0470
For US/CAN call toll free 1-800-526-8630
For GMT office hours call +353-1-416-8900