North America Real Estate Market Report and Forecast 2025-2034
Description
The North America real estate market reached around USD 3.90 Trillion in 2024. The market is projected to grow at a CAGR of 2.60% between 2025 and 2034, reaching almost USD 5.04 Trillion by 2034.
North America Real Estate Market Growth
The process of adapting an existing structure for another use has become one of the key trends in the market. Globally, buildings account for 58% of overall carbon emissions, and adaptive reuses can result in significant savings (40%-70%) as compared to new construction projects.
In 2023, adaptive reuse deliveries recorded a year-on-year growth of 17.6%, reaching 12713. The conversion of 4,556 hotels and 3,587 offices into apartments has made the development of new housing spaces increasingly cost-effective, sustainable, and fast. Manhattan accounted for a major portion of such deliveries at 733 units, followed by Richmond (Virginia) and Alameda (California) at 662 and 372 units, respectively.
Factory-to-apartment conversions constitute 15% of all deliveries across the United States, witnessing a year-on-year growth of 31.6% and reaching 1954 units. Ongoing adaptive reuse projects have witnessed a year-on-year growth of 24%, with offices (58,000) and hospitality (34,000) constituting a huge share of the conversion pipeline.
The Inflation Reduction Act in the United States is expected to increase the volume of investments in the development of sustainable commercial and industrial projects over the forecast period. Moreover, an increasing number of multifamily housing complexes in Canada are seeking to balance their budgets with sustainable housing solutions, which is expected to drive the market growth.
North America Real Estate Industry Segmentation
North America Real Estate Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Sales
Rental
Lease
Market Breakup by Property
Residential
Commercial
Industrial
Land
Market Breakup by Mode
Online
Offline
Market Breakup by Country
United States of America
Canada
North America Real Estate Market Share
Based on property, the market is divided into residential, commercial, industrial, and land. Over the forecast period of 2025-2034, residential properties are projected to grow at a CAGR of 2.9% as the economies of Canada and the United States witness steady growth.
Leading Companies in the North America Real Estate Market
Major market players are expected to integrate sustainable building practices into the construction of various properties.
Redfin Corporation
RE/MAX, LLC
Coldwell Banker Real Estate LLC
BHH Affiliates, LLC
Douglas Elliman, LLC
eXp World Holdings, Inc.
Sotheby's International Realty Affiliates LLC
Weichert Co.
Anywhere Real Estate Inc.
EXIT Realty Corp.
Others
North America Real Estate Market Growth
The process of adapting an existing structure for another use has become one of the key trends in the market. Globally, buildings account for 58% of overall carbon emissions, and adaptive reuses can result in significant savings (40%-70%) as compared to new construction projects.
In 2023, adaptive reuse deliveries recorded a year-on-year growth of 17.6%, reaching 12713. The conversion of 4,556 hotels and 3,587 offices into apartments has made the development of new housing spaces increasingly cost-effective, sustainable, and fast. Manhattan accounted for a major portion of such deliveries at 733 units, followed by Richmond (Virginia) and Alameda (California) at 662 and 372 units, respectively.
Factory-to-apartment conversions constitute 15% of all deliveries across the United States, witnessing a year-on-year growth of 31.6% and reaching 1954 units. Ongoing adaptive reuse projects have witnessed a year-on-year growth of 24%, with offices (58,000) and hospitality (34,000) constituting a huge share of the conversion pipeline.
The Inflation Reduction Act in the United States is expected to increase the volume of investments in the development of sustainable commercial and industrial projects over the forecast period. Moreover, an increasing number of multifamily housing complexes in Canada are seeking to balance their budgets with sustainable housing solutions, which is expected to drive the market growth.
North America Real Estate Industry Segmentation
North America Real Estate Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Sales
Rental
Lease
Market Breakup by Property
Residential
Commercial
Industrial
Land
Market Breakup by Mode
Online
Offline
Market Breakup by Country
United States of America
Canada
North America Real Estate Market Share
Based on property, the market is divided into residential, commercial, industrial, and land. Over the forecast period of 2025-2034, residential properties are projected to grow at a CAGR of 2.9% as the economies of Canada and the United States witness steady growth.
Leading Companies in the North America Real Estate Market
Major market players are expected to integrate sustainable building practices into the construction of various properties.
Redfin Corporation
RE/MAX, LLC
Coldwell Banker Real Estate LLC
BHH Affiliates, LLC
Douglas Elliman, LLC
eXp World Holdings, Inc.
Sotheby's International Realty Affiliates LLC
Weichert Co.
Anywhere Real Estate Inc.
EXIT Realty Corp.
Others
Table of Contents
110 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Real Estate Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Real Estate Historical Market (2018-2024)
- 5.3 Global Real Estate Market Forecast (2025-2034)
- 5.4 Global Real Estate Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Real Estate Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Real Estate Historical Market (2018-2024)
- 6.3 North America Real Estate Market Forecast (2025-2034)
- 7 North America Real Estate Market by Type
- 7.1 Sales
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Rental
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Lease
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 North America Real Estate Market by Property
- 8.1 Residential
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Commercial
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Industrial
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Land
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 9 North America Real Estate Market by Mode
- 9.1 Online
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Offline
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 North America Real Estate Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Redfin Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 RE/MAX, LLC
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Coldwell Banker Real Estate LLC
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 BHH Affiliates, LLC
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Douglas Elliman, LLC
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 eXp World Holdings, Inc.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Sotheby's International Realty Affiliates LLC
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Weichert Co.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Anywhere Real Estate Inc.
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 EXIT Realty Corp.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
