Over the five years to 2016, the Commercial Real Estate industry has recovered from the difficult recessionary environment that was characterized by tightened lending conditions and a severe decline in all forms of real estate construction. Businesses and individuals struggled to secure financing for purchases at the beginning of the five-year period, and expansion plans were canceled or put on hold. A drop in corporate profit forced many businesses to consolidate operations through branch closures and workforce reductions. Consequently, vacancy rates soared, and commercial real estate prices plummeted due to weakened demand. Industry recovery will likely continue over the five years to 2021, as industry real estate brokers and prospective buyers take advantage of historically low property values. Easing credit markets will encourage new investment, and consumer spending will yield new demand for commercial and residential real estate growth
This industry consists of establishments that construct or develop commercial, industrial and multifamily residential property and establishments that provide commercial real estate services, including renting, leasing, managing, buying and selling real estate. Other related services, such as appraisals and consulting, are also included. Construction and activities related to utilities and energy, such as power plants or water treatment facilities, are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.