How many commercial real estate firms are there in the US?

There are 106,548 real estate brokerage firms operating in the United States (Real Estate and Rental and Leasing: Summary Statistics for the U.S., States, and Selected Geographies: 2017 ).

How many commercial real estate companies are there in the US?

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.

How many commercial offices are there in the United States?

In the U.S., 5.9 million commercial buildings contained 97 billion square feet of floor space in 2018—an increase of 56% in number of buildings and 90% in floor space since 1979. By 2050, commercial building floor space is expected to reach 124.3 billion square feet, a 33% increase from 2020.

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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

Who owns the most commercial real estate in the US?

No.

ft. ProLogis, a publicly owned REIT founded in 1991, ranks as the No. 1 U.S. commercial property owner, with 479.7 million square feet of industrial space, according to company estimates. The company owns property in North America, Europe, and Asia.

How many commercial buildings are in the US 2020?

5.5 million commercial buildings. 350,000 industrial buildings. 240,000 military buildings.

How many real estate business are there in the US?

Overview of the Real Estate Market

There are 106,548 real estate brokerage firms operating in the United States (Real Estate and Rental and Leasing: Summary Statistics for the U.S., States, and Selected Geographies: 2017 ).

How many buildings are built each year in the US?

Between 2000 and 2009, approximately 14.6 million homes were constructed.

Number of homes built in the United States between 1900 and 2021 (in millions)

Year built Number of homes built in millions

How many buildings are in the USA?

Between the first CBECS (conducted in 1979) and the latest 2012 CBECS, the number of commercial buildings in the United States has increased from 3.8 million to 5.6 million, and the amount of commercial floorspace has increased from 51 billion to 87 billion square feet.

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How many residential buildings are in the United States?

In 2020, there were approximately 140.8 million housing units in the United States. Growth in the number of housing units has been leveling off over time as has the number of households.

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.

How big is the real estate industry 2021?

(CNN) The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021.

How much commercial real estate is owned by REITs?

REITs own approximately $3.5 trillion in gross real estate assets, with more than $2.5 trillion of that total from public listed and non-listed REITs and the remainder from privately held REITs. The economic and investment reach of those assets are felt by millions of Americans all across the country.

What is the 2% rule in real estate?

The two percent rule in real estate refers to what percentage of your home’s total cost you should be asking for in rent. In other words, for a property worth $300,000, you should be asking for at least $6,000 per month to make it worth your while.

Who is the largest commercial property owner in the world?

The Largest Commercial Real Estate Companies

  • The Blackstone Group. Founded almost 40 years ago, The Blackstone Group is now the United States’ largest office property owner. …
  • Prologis. …
  • Simon Property Group. …
  • Duke Realty Corp. …
  • General Growth Properties.
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Who is the largest commercial real estate firm?

Based in Los Angeles, CBRE Group has been around for over a century and is the world’s largest firm specializing in commercial real estate services and investment. Their suite of services includes property management and facilities management for tenants of commercial real estate, appraisal, brokerage, and leasing.