Real Estate: United States
This report forecasts annually to 2027 US real estate revenues in nominal US dollars.
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Report Overview
Real Estate: United States provides US revenues in nominal US dollars from 2012 to 2027.
Service segments include:
- commercial building rental and leasing
- residential building rental and leasing
- other rental and leasing, such as manufactured home sites, vacant lots, and grazing land
- residential agents and brokers
- commercial agents and brokers
- residential property management
- commercial property management
- appraisal and consulting services
- other real estate services, such as escrow agencies, listing services, and fiduciaries’ offices
Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report.
Clarifications:
- The activities of equity real estate investment trusts (REITs) are included in the scope of this report. Facility management services, where the tenant select a third-party service firm to clean and maintain the commercial building they are renting or leasing, are excluded from the scope of this report. Real estate settlement, title abstract, and title search services are also excluded from the scope of this report.
- This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Online Consumer Survey has a sample size of approximately 1,500, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.
Who is this report for?
- Real Estate Investors, Banks, and Mortgage Lenders: These entities are directly involved in the buying, selling, and financing of real estate properties. They would be interested in the report to understand market trends, property values, and investment opportunities. This information can help them make informed decisions and mitigate risks.
- Property Management Companies: These companies handle the day-to-day operations of real estate properties for owners. They would be interested in the report to gain insights into rental market trends, occupancy rates, and property maintenance costs. This can help them optimize their operations and increase profitability.
- Construction Industry Participants: These include developers, contractors, architects, and engineers who are involved in the construction of new buildings. They would be interested in the report to understand the demand for new properties, preferred architectural styles, and emerging construction technologies. This can guide their project planning and design decisions.
- Suppliers of Building Material and Finishing Products: These are companies that provide everything from lumber to beds and office chairs. They would be interested in the report to understand the demand for their products, popular styles, and sustainability trends. This can help them tailor their product offerings, marketing strategies, and supply chain management.
Related NAICS Codes
| NAICS Code | Code Description |
|---|---|
| 531110 | Lessors of Residential Buildings and Dwellings |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) |
| 531130 | Lessors of Miniwarehouses and Self-Storage Units |
| 531190 | Lessors of Other Real Estate Property |
| 531210 | Offices of Real Estate Agents and Brokers |
| 531311 | Residential Property Managers |
| 531312 | Nonresidential Property Managers |
| 531320 | Offices of Real Estate Appraisers |
| 531390 | Other Activities Related to Real Estate |
Table of Contents
HIGHLIGHTS
- Historical Trends
- Key Economic Indicators
- Interest Rate Trends
- Commercial Building Rental & Leasing
- Residential Building Rental & Leasing
- Other Rental & Leasing
- Residential Agents & Brokers
- Commercial Agents & Brokers
- Residential Building Property Management
- Commercial Building Property Management
- Appraisal & Consulting Services
- Other Real Estate Services
- Industry Characteristics
- Market Leaders
- Scope
- Sources
- Industry Codes
- Freedonia Methodology
- Resources
- Figure 1 | Key Trends in US Real Estate Revenues, 2022 - 2027
- Figure 2 | US Real Estate Revenue Trends, 2012 - 2022
- Table 1 | Key Indicators for US Real Estate Revenues, 2012 - 2027 (US$ bil)
- Figure 3 | US Interest Rate Trends, 2012 - 2023 (%)
- Table 2 | US Interest Rate Trends, 2012 - 2023 (%)
- Figure 4 | US Gross Domestic Product Deflator, 2012 - 2027 (year-on-year % change)
- Table 3 | US Gross Domestic Product Historical Deflator, 2012 - 2022 (2017=100)
- Table 4 | US Gross Domestic Product Forecast Deflator, 2022 - 2027 (2017=100)
- Figure 5 | US Real Estate Revenues by Service, 2012 - 2027 (US$ bil)
- Table 5 | US Real Estate Historical Revenues by Service, 2012 - 2022 (US$ bil)
- Table 6 | US Real Estate Forecast Revenues by Service, 2022 - 2027 (US$ bil)
- Figure 6 | US Survey: Use of Co-Working Spaces & Work from Home, 2023 (% of employed respondents)
- Figure 7 | US Survey: Rate Experience w/ Co-Working Spaces & Work from Home, 2023 (% of employed respondents who have worked at home or a co-working space)
- Figure 8 | US Survey: Opinion of Co-Working Spaces & Work from Home, 2023 (% of employed respondents)
- Figure 9 | US Real Estate Revenues by Service, 2012 - 2027 (%)
- Figure 10 | US Real Estate Industry & Revenues by Employer & Nonemployer Establishments, 2022 (%)
- Figure 11 | US Real Estate Firms, Establishments, & Employment, 2012 - 2022
- Table 7 | US Real Estate Firms, Establishments, & Employment, 2012 - 2022
- Figure 12 | US Real Estate Employer Firm Revenue Concentration, 2017 (%)
- Figure 13 | US Real Estate Employer Firm Revenue Concentration by Segment for Largest 4 Firms, 2017 (%)
- Table 8 | Leading Participants in the US Real Estate Industry by Service
- Table 9 | NAICS & SIC Codes Related to Real Estate
The COVID-19 pandemic had a mixed impact on the US real estate services industry, depending on the type of service and property. Some segments, such as residential agents and brokers, and co-working spaces, saw strong growth due to pent-up demand, low interest rates, and changing preferences. Other segments, such as office and retail rental and leasing, and commercial agents and brokers, faced challenges due to reduced occupancy, remote work, and e-commerce competition.
The key drivers for the US real estate services industry include population and household growth, disposable personal income growth, consumer and business spending, and technological innovation. The key challenges include high interest rates and inflation, supply and demand imbalances, zoning and regulatory constraints, and competition from alternative platforms and services.
In 2022, the leading real estate companies in the US included Brookfield Property Partners (commercial rental and leasing), CBRE Group (commercial agents and brokers and property management), Compass (residential agents and brokers), Greystar Real Estate Partners (residential property management), and Mid-America Apartment Communities (residential rental and leasing).
