220000 Companies Occupy the $160 Billion Real Estate Brokerage Sector in the US

Research and Markets (http://www.researchandmarkets.com/reports/c35970) has announced the addition of Real Estate Brokerage and Management - Industry Profile to their offering.

Brief Excerpt from Industry Overview Chapter:
The US real estate management industry includes 220,000 individual companies generating about $160 billion in annual revenue. Of these, 60,000 are local real estate brokers, another 50,000 are involved in non-owner property management and appraisals, and the other 110,000 are owner/managers of residential and nonresidential properties, such as apartments, office and retail buildings, shopping malls, theaters, industrial space, assisted living facilities, and retirement communities. Only the largest real estate companies, such as Equity Office Properties; Coldwell Banker (a unit of Cendant); and Simon Property Group, have revenues exceeding $1 billion; most companies have annual revenues less than $10 million.

The range size of companies in this very fragmented industry is enormous. A large apartment owner such as AIMCO manages over 300,000 apartments, while most companies are small and own or manage a single building. Even the largest property owners hold only a small fraction of the total US market, which includes 34 million apartments; 700,000 office buildings; 1.3 million retail buildings; and 2.5 million other commercial buildings. The average size of retail and office properties has not changed significantly in 20 years: 10,000 square feet for retail buildings and 15,000 square feet for office buildings.

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For more information visit http://www.researchandmarkets.com/reports/c35970

Laura Wood
Senior Manager
Research and Markets
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220000 Companies Occupy the $160 Billion Real Estate Brokerage Sector in the US



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