Real Estate Rental Market 2024 - By Size, Share, Growth And Global Forecast Report 2033
Overview and Scope
Real estate rental refers to
properties used as dwellings or provided on rent to rental occupants, or
tenants, for temporary use by the property owners. The rent of goods or
services is governed by a rental agreement or contract between an owner of a
product and an end-user where payment is made by the end user for the temporary
use of the product.
Sizing and Forecast
The real estate rental market size
has grown strongly in recent years. It will grow from $2601.92 billion in 2023
to $2806.83 billion in 2024 at a compound annual growth rate (CAGR) of
7.9%. The growth in the historic period can be
attributed to consumer confidence, economic conditions, interest rates,
consumer preferences, global events.
The real estate rental market size
is expected to see strong growth in the next few years. It will grow to
$3749.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be
attributed to growing sustainability and green practices, remote work trends,
affordability challenges, government policies, global events and health
factors. Major trends in the forecast period include remote work impact,
technology integration, sustainability and energy efficiency, flexible lease
terms, affordable housing initiatives, health and safety concerns.
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Segmentation & Regional
Insights
The real estate rental market
covered in this report is segmented –
1) By Type: Residential
Buildings And Dwellings Rental Services, Non-Residential Buildings Rental
Services, Mini warehouses And Self-Storage Units Rental Services, Other Rental
Services
2) By Mode: Online, Offline
3) By Property Type: Fully
Furnished, Semi-Furnished, Unfurnished
Asia-Pacific was the largest
region in the real estate rental market in 2023. North America was the
second-largest region in the real estate rental market. The regions covered in
the real estate rental market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market
Growth
The elevated home prices are
expected to increase the demand for real estate rental market. Due to the
pandemic-induced lockdown and rising interest rates, housing prices are seeing
a jump. Real estate rentals provide an alternative accommodation option for
people who cannot buy a home, increasing the demand for rental units. For
example, in 2022, in India, Delhi- National Capital Region (NCR) saw the
highest increase in residential prices at 10% year-on-year (YoY), followed by
Ahmedabad and Hyderabad with 9% and 8% YoY increase, respectively from 2021.
Therefore, the elevated home prices are expected to contribute to the demand
for real estate rental market.
Key Industry Players
Major companies operating in the
real estate rental market report are Brookfield Asset Management, CBRE Group
Inc., Leopalace21 Corporation, Xiamen C&D, Mitsui Fudosan Co. Ltd.,
American Tower Corporation, Weyerhaeuser Company, Sun Hung Kai Properties
Limited, Equinix Inc. (REIT), Prologis Inc., Simon Property Group Inc., Host
Hotels & Resorts Inc., Digital Realty Trust Inc, Public Storage, Daito
Trust Construction Co. Ltd., Americold Realty Trust, Equity Residential, SBA
Communications Corporation, AvalonBay Communities Inc., Alexandria Real Estate
Equities Inc., CapitaLand Limited, Healthpeak Properties Inc., UDR Inc., Camden
Property Trust, Regency Centers Corporation, CyrusOne Inc., Federal Realty
Investment Trust, STORE Capital Corporation, Rexford Industrial Realty Inc.,
Crown Castle International Corp. (REIT), Duke Realty Corporation, Essex
Property Trust Inc., Highwoods Properties Inc.
The real estate rental market
report table of contents includes:
1. Executive Summary
2. Real Estate Rental Market
Characteristics
3. Real Estate Rental
Product/Service Analysis -Product/Service Examples
4. Real Estate Rental Market
Trends And Strategies
5. Real Estate Rental Market -
Macro Economic Scenario
...........................
68. Global Real Estate Rental
Market Competitive Benchmarking
69. Global Real Estate Rental
Market Competitive Dashboard
70. Key Mergers And Acquisitions
In The Real Estate Rental Market
71. Real Estate Rental Market
Future Outlook and Potential Analysis
72. Appendix
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