DUBLIN--(BUSINESS WIRE)--The "Real Estate Rental Global Market Report 2022 by Type, Mode, Property Type" report has been added to ResearchAndMarkets.com's offering.
The global real estate rental market is expected to grow from $2164.29 billion in 2021 to $2396.61 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $3476.58 billion in 2026 at 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 advancements in technology, the role of real estate agents is shifting from just an information arbitrator to a local market expert and service provider. Online real estate listing services such as Zillow and realtor.com provide housing database and information on tax and purchase history.
Technologies such as video, VR tours and e-signing services also streamline the real estate transactions. For instance, in June 2021, Cartus Corporation, a real estate services company based in the United States, launched a new technology-enabled global personnel solution under its Language and Intercultural Solutions business line.
The new digital learning environment, as well as Language and Intercultural Solutions, assists employees in travelling and relocating to new locations, as well as coaching 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. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in 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, UAE, UK, USA, Venezuela and Vietnam.
Major companies in the real estate rental market include
Daito Trust Construction Co. Ltd.
Brookfield Asset Management
American Tower Corporation
Sun Hung Kai Properties Limited
CapitaLand Limited
Mitsui Fudosan Co. Ltd.
Xiamen C&D
Simon Property Group Inc.
Digital Realty Trust Inc.
Leopalace21 Corporation
For more information about this report visit https://www.researchandmarkets.com/r/q197m6
