Real Estate Rental Market Is Expected To Grow At Highest CAGR During The Forecast Period 2020- 2023 | RE/MAX, Marcus and Millichap, HFF

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The Business Research Company’s latest report Real Estate Rental Market Report 2020 covers Real Estate Rental market drivers, Real Estate Rental market trends, Real Estate Rental market segments, Real Estate Rental market growth rate, Real Estate Rental market major players, and Real Estate Rental market size. The report provides in-depth analysis of the impact of COVID-19 on the Real Estate Rental industry, along with revised market numbers due to the effects of the coronavirus.

Real Estate Rental Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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The real estate rental market is expected to grow from $1759.8 billion in 2019 to $1787.8 billion in 2020 at a compound annual growth rate (CAGR) of 1.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $2216.2 billion in 2023.

The report covers the Real Estate Rental market’s segments-
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.

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