Real Estate Sales & Brokerage in Florida
The Real Estate Sales and Brokerage industry in Florida is primarily driven by macroeconomic trends in the residential and commercial real estate sector. The strength of these markets is dependent on a variety of factors that are both related to each other and separate. The strength of economic activity within the state drives demand for commercial and nonresidential spaces for businesses. Over the past five years, both residential and nonresidential markets have strengthened steadily. During the period, increasing disposable income has enabled more individuals and families to purchase and rent properties. As a result, housing starts and home prices have both increased, as well as revenue from residential segments because agents are typically paid on a commission basis and receive their fee only when they close a deal. Over the next five years, IBISWorld expects industry revenue to continue improving. Home prices will also rise, providing growth opportunities for residential services.
This industry comprises brokers and agents who sell, buy or rent real estate for others. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants.
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.