Just like many other industries, real estate started facing serious challenges when the recent recession began. Both commercial and residential real estate have decreased in price, resulting in smaller commissions for realtors and realty companies. Grow your business and maintain financial security by discovering new ways to save money, maximize your investments and market your capabilities. When you explore your options with a Sikich professional, your real estate business can experience increased profitability and a thriving future.
Residential Real Estate Brokerage & Management Industry Overview
The US residential real estate brokerage and management industry includes about 180,000 companies with
combined annual revenue of about $160 billion. High growth is forecast for the next two years. Key growth
drivers include increased residential construction, rising employment, and economic growth.
Commercial Real Estate Brokerage & Management Industry Overview
The US commercial real estate brokerage and management industry includes about 30,000 companies with combined annual revenue of about $40 billion and is forecast to grow at a moderate rate over the next two years. Key growth drivers include economic recovery and demand for commercial space.
The industry includes sales and leasing brokers and agents for nonresidential property, as well as property managers. Many companies combine these functions. Owners of commercial property who perform their own leasing and property management aren't included in this industry. Commercial real estate financing is not included in this industry.
Updated: September 5, 2013
Industry Intelligence from First Research, a division of Hoover's (a D&B company)