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North America Real Estate Market Share, Growth, Analysis: By Type: Sales, Rental, Lease; By Property: Residential, Commercial, Industrial, Land; By Mode: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators of Demand, Key Indicators of Price; Competitive Landscape; 2024-2032
North America Real Estate Market Size
The North America real estate market reached around USD 3.90 trillion in 2023. The market is projected to grow at a CAGR of 2.6% between 2024 and 2032, reaching almost USD 4.91 trillion by 2032.
| North America Real Estate Market Summary | Description | Value |
| Base Year | USD Trillion | 2023 |
| Historical Period | USD Trillion | 2018-2023 |
| Forecast Period | USD Trillion | 2024-2032 |
| Market Size 2023 | USD Trillion | 3.90 |
| Market Size 2032 | USD Trillion | 4.91 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 2.6% |
| CAGR 2024-2032 - Market by Country | Canada | 3.2% |
| CAGR 2024-2032 - Market by Type | Rental | 3.2% |
| CAGR 2024-2032 - Market by Property | Residential | 2.9% |
| 2023 Market Share by Country | Canada | 11.7% |
North America Real Estate Market Outlook
- In 2022, the United States boasted nearly 125.7 million units of occupied houses.
- The typical size of a house in the United States is 1900 square feet.
- The United States has almost 5.9 million commercial buildings that occupy a total area of 97 billion square feet.
North America Real Estate Market Growth
The process of adapting an existing structure for another use has become one of the key trends in the market. Globally, buildings account for 58% of overall carbon emissions, and adaptive reuses can result in significant savings (40%-70%) as compared to new construction projects.
In 2023, adaptive reuse deliveries recorded a year-on-year growth of 17.6%, reaching 12713. The conversion of 4,556 hotels and 3,587 offices into apartments has made the development of new housing spaces increasingly cost-effective, sustainable, and fast. Manhattan accounted for a major portion of such deliveries at 733 units, followed by Richmond (Virginia) and Alameda (California) at 662 and 372 units, respectively.
Factory-to-apartment conversions constitute 15% of all deliveries across the United States, witnessing a year-on-year growth of 31.6% and reaching 1954 units. Ongoing adaptive reuse projects have witnessed a year-on-year growth of 24%, with offices (58,000) and hospitality (34,000) constituting a huge share of the conversion pipeline.
The Inflation Reduction Act in the United States is expected to increase the volume of investments in the development of sustainable commercial and industrial projects over the forecast period. Moreover, an increasing number of multifamily housing complexes in Canada are seeking to balance their budgets with sustainable housing solutions, which is expected to drive the market growth.
North America Real Estate Industry Segmentation
North America Real Estate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Type |
| Rental | 3.2% |
| Lease | 2.4% |
| Sales | XX% |
| Others | XX% |
Market Breakup by Type
- Sales
- Rental
- Lease
| CAGR 2024-2032 - Market by | Property |
| Residential | 2.9% |
| Land | 2.3% |
| Commercial | XX% |
| Industrial | XX% |
Market Breakup by Property
- Residential
- Commercial
- Industrial
- Land
Market Breakup by Mode
- Online
- Offline
| CAGR 2024-2032 - Market by | Country |
| Canada | 3.2% |
| United States of America | XX% |
Market Breakup by Country
- United States of America
- Canada
North America Real Estate Market Share
Based on property, the market is divided into residential, commercial, industrial, and land. Over the forecast period of 2024-2032, residential properties are projected to grow at a CAGR of 2.9% as the economies of Canada and the United States witness steady growth.
| 2023 Market Share by | Country |
| United States of America | XX% |
| Canada | 11.7% |
Leading Companies in the North America Real Estate Market
Major market players are expected to integrate sustainable building practices into the construction of various properties.
- Redfin Corporation
- RE/MAX, LLC
- Coldwell Banker Real Estate LLC
- BHH Affiliates, LLC
- Douglas Elliman, LLC
- eXp World Holdings, Inc.
- Sotheby's International Realty Affiliates LLC
- Weichert Co.
- Anywhere Real Estate Inc.
- EXIT Realty Corp.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Property |
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| Breakup by Mode |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Real Estate Market Forecast (2024-2032)
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 North America Real Estate Market Overview
9.1 Key Industry Highlights
9.2 North America Real Estate Historical Market (2018-2023)
9.3 North America Real Estate Market Forecast (2024-2032)
10 North America Real Estate Market by Type
10.1 Sales
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Rental
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Lease
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Real Estate Market by Property
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Land
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 North America Real Estate Market by Mode
12.1 Online
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offline
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Real Estate Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Redfin Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 RE/MAX, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Coldwell Banker Real Estate LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BHH Affiliates, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Douglas Elliman, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 eXp World Holdings, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Sotheby's International Realty Affiliates LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Weichert Co.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Anywhere Real Estate Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 EXIT Realty Corp.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Real Estate Market: Key Industry Highlights, 2018 and 2032
2. North America Real Estate Market: Key Industry Highlights, 2018 and 2032
3. North America Real Estate Historical Market: Breakup by Type (USD Trillion), 2018-2023
4. North America Real Estate Market Forecast: Breakup by Type (USD Trillion), 2024-2032
5. North America Real Estate Historical Market: Breakup by Property (USD Trillion), 2018-2023
6. North America Real Estate Market Forecast: Breakup by Property (USD Trillion), 2024-2032
7. North America Real Estate Historical Market: Breakup by Mode (USD Trillion), 2018-2023
8. North America Real Estate Market Forecast: Breakup by Mode (USD Trillion), 2024-2032
9. North America Real Estate Historical Market: Breakup by Country (USD Trillion), 2018-2023
10. North America Real Estate Market Forecast: Breakup by Country (USD Trillion), 2024-2032
11. North America Real Estate Market Structure
Key Questions Answered in the Report
The market reached nearly USD 3.90 trillion in 2023.
The market is projected to grow at a CAGR of 2.6% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 4.91 trillion in 2032.
The major real estate types considered in the market report include sales, rental, and lease.
The major properties included in real estate are residential, commercial, industrial, and land, among others.
The different segments based on the mode considered in the market report are online and offline.
The different countries covered in the market report are the United States of America and Canada.
The key market players are Redfin Corporation, RE/MAX, LLC, Coldwell Banker Real Estate LLC, BHH Affiliates, LLC, Douglas Elliman, LLC, eXp World Holdings, Inc., Sotheby's International Realty Affiliates LLC, Weichert Co., Anywhere Real Estate Inc., and EXIT Realty Corp., among others.
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