The global real estate professional services market was valued at about USD 700 billion in 2016 and is expected to surpass USD 893 billion by 2021.
Procurement market intelligence analysts have announced its latest market research report on real estate professional services for the period 2017-2021. This market research report enlists the major drivers and key emerging trends that will influence the growth of the real estate professional services market during the forecast period. Some of the top vendors listed in this industry analysis include CBRE, JLL, Cushman & Wakefield, Colliers International, and Newmark & Company Real Estate.
In terms of geographical analysis, the Americas is the largest shareholder in the world market, with a market share of around 41%. The increasing demand for real estate professional services for managing property related transactions and facilities will drive the market in this region.
Click here to request a free sample of this report
According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “The rising adoption of crowdfunding will boost the growth in the real estate market world, which will increase the demand for real estate professional services. This type of fund raising helps provide a great degree of control over real estate investments for buyers. Crowdfunding is a technological platform that enables entrepreneurs and investors to fund a project or raise monetary contribution. The popularity of this funding is because it is an effective platform for individuals or businesses to post their real estate projects and products and raise funds for development.”
For report customization, click here
The new procurement market intelligence study examines some of the key drivers and trends driving the growth of this market and its sub-sections.
Need for workplace collaboration
Enterprises across the world are using real estate professional services as it helps them reposition their property with the use of a range of solutions that help them to reduce cost, increase competitive advantage, and improve business output. The services offered by these agents provide corporate occupiers better real estate facilities, which help them to increase their business performance by effectively collaborating with the workforce. Additionally, these services help companies to effectively collaborate and improve business operations thus driving the demand for real estate professional services in the global market.
Increase in regulatory requirements
The global market is witnessing a rise in the regulatory requirements imposed on countries, which are prompting organizations to outsource real estate services to third-party. The services offered by the real estate agents helps customers to avoid legal issues caused by inappropriate property and transaction documentation. Moreover, the market is driven by the increase in the stringency in tax and property laws prompting buyers to use various services from real estate service providers.
Demand for sustainable buildings
The benefits associated with the adoption of green building practices will lead many corporate companies to construct a building that is environment-friendly and transform their existing buildings to green buildings by upgrading to new standards. The rise in awareness among organizations toward sustainability is propelling the demand for real estate services. These real estate agents help companies to upgrade their facilities to an eco-friendlier infrastructure.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Real Estate Professional Services Market – Procurement Market Intelligence Report 2017-2021.’
Get more information on procurement market intelligence at https://www.spendedge.com/
