The Commercial Real Estate industry, comprised of firms specializing in a variety of real estate activities, has recovered over the past five years from its recessionary challenges. The industry is expected to grow moderately in the five years to 2015, despite tight lending conditions, weak construction activity and significant business closures early in the period. As buyers take advantage of historically low property prices in the next five years, industry revenue is projected to continue its resurgence. Easing credit markets will encourage new investment, and consumer spending will yield new demand for commercial and residential real estate developments.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.