The real estate agency and brokerage services
market significantly entails of the sales of real estate agency and brokerage
services by several entities (organizations, sole traders and partnerships)
that function as agents and/or brokers for real estate activities.
According to the report analysis, ‘Real
Estate Agency and Brokerage Global Market Report 2019’ states that in
the real estate agency and brokerage global market there are several corporates
which presently operating more actively for leading the fastest market growth
and registering the handsome value of market share around the globe throughout
the near years while developing the better consumer satisfaction, decreasing
the linked price, spreading the awareness related to the real estate agency and
brokerage services, employing the young work force, implementing the profitable
strategies, improving the applications of the real estate agency and brokerage
and analyzing the strategies and policies of the government includes CBRE
Group, Jones Lang LaSalle Inc, Newmark Grubb Knight Frank, Keller Williams,
Century 21 and several others.
In addition, the commercial real estate (CRE)
industry and brokerage service corporates are leveraging on immense data
technology to recognize consumer choices and build robust customer
interactions. Big data is a great data set that can be investigated to obtain
the deeper insights into customer behavior and market dynamics and advance the
decision-making procedure. It allows the CRE corporates to improve the utilization
of resources and create better property sale or lease pronouncements. For
example, View-The-Space, a US-based CRE management and technology firm
generates the videos to track customer behavior. Block Avenue, a location-based
platform, utilizes the big data to create crucial metrics and support the find
potential property purchaser for CRE corporates. Some well-known great data
startups in the CRE industry involve the Compstak, Honest Buildings,
Rentlytics, redIQ, Reonomy, ReScour and Prop stack.
Whereas, technology endures to be an agent of
transformation in all the areas of business and industry; the real estate
market is no concession. The outstanding growth in the new applications is
fluctuating commercial real estate, for the improved. Everyone from brokers,
property managers to developers and tenants, advantage from the fresh tools
that boost efficiency while saving cost.
Based on the region, the Asia Pacific was the
largest region in the worldwide real estate agency and brokerage market,
registering for 54% of the market in 2018. North America region was the second
largest region dominating for 23% of the worldwide real estate agency and
brokerage market. For instance, the Africa was the smallest economy in the
worldwide real estate agency and brokerage market.
In addition, the speedy upsurge in the
worldwide population as a result of augment in the migration has led to speedy
urbanization. This scenario is predicted to catalyze the requirement for the
real estate. Furthermore, significant augment in the requirement for the
commercial buildings are predicted to continue to influence the market growth
in the developed regions. Therefore, in the near years, it is expected that the
market of real estate agency and brokerage will increase around the globe more
significantly over the near future.
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