Reports

United States Real Estate Market

United States Real Estate Market Size, Share, Growth, Forecast: By Type: Sales, Rental, Lease; By Property: Residential, Commercial, Industrial, Land; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

United States Real Estate Market Outlook

The United States real estate market size attained a value of approximately USD 3.34 trillion in 2022. The market is further projected to grow at a CAGR of 2.8% in the forecast period of 2023-2028, reaching a value of around USD 3.94 trillion by 2028.

 

Key Trends in the Market

Real estate refers to land and any permanent or non-permanent structures that have been built upon the land, such as buildings, as well as attached resources. Depending upon customer requirement, real estate land can be sold directly, after construction of structures, or post-renovations. Real estate properties are typically developed as residential, commercial, or industrial and can be rented, leased, or sold.

 

  • Widespread adoption of work from home policies is among the key United States real estate market trends anticipated to have a long term impact on the country’s real estate market. As more workers swich to work from home, the demand for residential real estate is changing, with a switch from major cities and nearby suburbs to low cost and remote locations.
  • Increasing use of technology in the real estate sector is further driving the US real estate market growth. Utilisation of dedicated apps and websites is enabling easier access to a wider range of properties with virtual reality offering immersive experiences remotely. Through technology, users can browse real estate located anywhere in the country and streamline the various rental and purchasing processes.
  • The government is a significant investor in the United States real estate market, aiding in the development of critical infrastructure, commercial real estate, and city development, providing a positive market outlook. National initiatives towards real estate catalyse the real estate market in smaller cities, triggering expansion in the area by improving facilities that appeal to the general public and commercial investors.
  • The high volatility of the real estate market in the United States may pose as a challenge for market expansion, with sudden hikes and prices leading to unpredictability for buyers. Limited availability of developed real estate with expensive costs may restrict the ability of the general public to invest in real estate, leading to instability in the housing market in the country.

 

United States Real Estate Market Analysis

Based on type, the market is divided into sales, rental, and lease. On the basis of property, the United States real estate market segmentation is residential, commercial, industrial, and land. The regional markets for real estate in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the US real estate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Brookfield Corporation
  • Prologis, Inc.
  • Simon Property Group, L.P.
  • AvalonBay, Inc.
  • Equity Residential
  • CBRE, Inc.
  • Jones Lang LaSalle Incorporated
  • Colliers International Group Inc.
  • Greystar Worldwide, LLC
  • Lincoln Property Company
  • Others

 

Market Share by Type

Sales type of real estate occupies a sizable share of the United States real estate market, fuelled by fluctuations in real estate prices, greater control over real estate, and the long term equity benefits provided. In residential real estate, rental costs have witnessed significant hikes in recent years, due to which those able to afford purchasing, choose to buy homes. Unexpected hikes in rental prices also pose challenges to renters in terms of budgeting and planning, whereas mortgage costs are relatively stable. However, spikes in residential real estate costs can make it difficult for buyers with reduced budgets to be able to purchase a home.

 

In commercial real estate, however, leasing holds a substantial portion of the US real estate market share. Leasing of commercial real estate providers end users with enhanced flexibility, as they can switch between locations depending upon the business response they receive. Increasing development of commercial infrastructure by large corporations is also expanding the availability of commercial real estate for leasing and rental purposes.

 

Market Share by Property

Residential accounts for significant share of the real estate market in the United States, driven by the increasing population and rising demand for housing. The cultural tradition in the country of youth moving out from family homes at the age of 18, generates a consistent demand for residential housing, thereby bolstering the US real estate market revenue.

 

As work from home gains prominence, consumers have greater flexibility in terms of residential real estate properties, as they can choose any location as a home, thereby maximising returns on their investment. Accordingly, there is a rising demand for large residences in second and third-tier cities and suburbs, equipped with various facilities and accommodations.

 

Meanwhile, changes in regional demand demographics for real estate are also assessed to have an impact on the demand for commercial real estate in the United States real estate market. Depending upon the new customers in respective regions, investments in commercial real estate such as hotels, malls, and restaurants, would rise, to cater to new target audiences nearby.

 

Market Share by Region

With vast geographical space and relatively low population, the real estate market in the United States varies significantly between states, depending upon affordability, proximity to major cities, and general development in the area. The Southwest region of the country, led by states such as Texas and Arizona, is anticipated to witness a rapidly growing real estate market share in US over the coming years. The demand for real estate in colder regions of the United States, such as New England, has witnessed a decline as more people prefer warmer climates.

 

Areas such as Houston, Dallas, and San Antionio in Texas, and Phoenix, Arizona, are part of an emerging ‘Super Sun Belt’ with warm temperatures and growing real estate demand. Absence of a coastline and widespread warm weather leads to lower home maintenance requirements and reduced risks of extreme weather. Low crime rates and affordable real estate developments are also attracting buyers to the Southwest of the United States, particularly medium income group families.

 

Competitive Landscape

Brookfield Corporation, a leading asset management company, specialises in alternative investments with a focus on infrastructure, real estate, credit, renewable power, and private equity. Founded in 1899, the company is headquartered in Toronto, Canada, with a reach spanning 5 continents.

 

Prologis, Inc. was established in 1983 and is currently based in California in the United States. An industrial real estate company which invests in various constriction projects, including offices, community centres, and industrial locations, Prologis delivers scalable logistics solutions and services.

 

Simon Property Group, L.P., with headquarters in Indiana, United States, is a real estate investment trust founded in 1960. The company is involved in the ownership, operations, management, acquisition, and development of real estate properties, including commercial properties such as malls.

 

Other market players include AvalonBay, Inc., Equity Residential, CBRE, Inc., Jones Lang LaSalle Incorporated, Colliers International Group Inc., Greystar Worldwide, LLC, and Lincoln Property Company, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Property
  • Region
Breakup by Type
  • Sales
  • Rental
  • Lease
Breakup by Property
  • Residential
  • Commercial
  • Industrial
  • Land
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Brookfield Corporation
  • Prologis, Inc.
  • Simon Property Group, L.P.
  • AvalonBay, Inc.
  • Equity Residential
  • CBRE, Inc.
  • Jones Lang LaSalle Incorporated
  • Colliers International Group Inc.
  • Greystar Worldwide, LLC
  • Lincoln Property Company
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Real Estate Market Overview

    8.1    Key Industry Highlights
    8.2    Global Real Estate Historical Market (2018-2022) 
    8.3    Global Real Estate Market Forecast (2023-2028)
    8.4    Global Real Estate Market Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    United States Real Estate Market Overview
    9.1    Key Industry Highlights
    9.2    United States Real Estate Historical Market (2018-2022) 
    9.3    United States Real Estate Market Forecast (2023-2028)
10    United States Real Estate Market by Type
    10.1    Sales
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Rental
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    Lease
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
11    United States Real Estate Market by Property
    11.1    Residential
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Commercial
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    Industrial
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    Land
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
12    United States Real Estate Market by Region
    12.1    New England
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Mideast
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Great Lakes
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Plains
        12.4.1    Historical Trend (2018-2022)
        12.4.2    Forecast Trend (2023-2028)
    12.5    Southeast
        12.5.1    Historical Trend (2018-2022)
        12.5.2    Forecast Trend (2023-2028)
    12.6    Southwest
        12.6.1    Historical Trend (2018-2022)
        12.6.2    Forecast Trend (2023-2028)
    12.7    Rocky Mountain
        12.7.1    Historical Trend (2018-2022)
        12.7.2    Forecast Trend (2023-2028)
    12.8    Far West
        12.8.1    Historical Trend (2018-2022)
        12.8.2    Forecast Trend (2023-2028)
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyer’s Power
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
    13.3    Key Indicators for Demand
    13.4    Key Indicators for Price
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Brookfield Corporation 
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Prologis, Inc. 
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Simon Property Group, L.P. 
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    AvalonBay, Inc. 
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Equity Residential 
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    CBRE, Inc. 
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Jones Lang LaSalle Incorporated
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Colliers International Group Inc.
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Demographic Reach and Achievements
            14.2.8.4    Certifications
        14.2.9    Greystar Worldwide, LLC
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Demographic Reach and Achievements
            14.2.9.4    Certifications
        14.2.10    Lincoln Property Company
            14.2.10.1    Company Overview
            14.2.10.2    Product Portfolio
            14.2.10.3    Demographic Reach and Achievements
            14.2.10.4    Certifications
        14.2.11    Others
15    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Real Estate Market: Key Industry Highlights, 2018 and 2028
2.    United States Real Estate Market: Key Industry Highlights (USD Billion), 2018 and 2028
3.    United States Real Estate Historical Market: Breakup by Type (USD Billion), 2018-2022
4.    United States Real Estate Market Forecast: Breakup by Type (USD Billion), 2023-2028
5.    United States Real Estate Historical Market: Breakup by Property (USD Billion), 2018-2022
6.    United States Real Estate Market Forecast: Breakup by Property (USD Billion), 2023-2028
7.    United States Real Estate Historical Market: Breakup by Region (USD Billion), 2018-2022
8.    United States Real Estate Market Forecast: Breakup by Region (USD Billion), 2023-2028
9.    United States Real Estate Market Structure

Key Questions Answered in the Report

In 2022, the US real estate market size reached an approximate value of USD 3.34 trillion.

The market is expected to grow at a CAGR of 2.8% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 3.94 trillion by 2028.

The major drivers of the market include rising disposable income, increasing investments towards real estate development, and growing demand for home ownership.

The key market trends include increasing utilisation of technology and tools for real estate management and sales, growing demand for real estate in rural areas, and government initiatives to support the market.

The various types in the real estate market in the United States are sales, rental, and lease.

The leading properties in the market for real estate in the US are residential, commercial, industrial, and land.

The significant regional markets for real estate in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The major players in the market, according to the report, are Brookfield Corporation, Prologis, Inc., Simon Property Group, L.P., AvalonBay, Inc., Equity Residential, CBRE, Inc., Jones Lang LaSalle Incorporated, Colliers International Group Inc., Greystar Worldwide, LLC, and Lincoln Property Company, among others.

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