(EMAILWIRE.COM, November 27, 2018 ) Real estate agents are increasingly using new technologies such as online listing, video and virtual reality (VR), to provide better services to clients and strengthen the buyer-agent relationship. With advancements in technology, the role of real estate agents is shifting from just an information arbitrator to a local market expert and service provider. Online real estate listing services such as Zillow and realtor.c
om provide housing database and information on tax and purchase history. Technologies such as video, VR tours and e-signing services also streamline the real estate transactions. For instance, in 2016 Sothebys International Realty, a luxury real estate franchisor, began hosting 3D home tours on its listing pages.
A rental activity is any activity where gross income is derived principally from amounts paid by customers for the use of tangible property. The industry includes establishments involved in renting and allowing the use of buildings and land for payments made principally.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL RENTAL ACTIVITIES MARKET AT $2.3 TRILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for half of the global market share.
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According to The Business Research Companys Consultant, Nitin Gianchandani, race for buying assets in the Asian markets have drastically increased due to increased global and local capital into real estate market. Furthermore, the pressure is rising on Asias huge capital reserves to rotate into higher yielding asset due to low base rate of properties and low yield on sovereign bonds in the region.
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CBRE Group was the largest competitor in the global rental activities market, with revenues of $13 billion for the financial year 2016. CBRE groups growth strategy is to maintain its market position through acquisitions. For instance, in June 2017, the company signed a definitive agreement to acquire a majority interest in Caledon Capital Management Inc. (a Canada based investment management company). An important part of the strategy for its Global Investment Management business, involves co-investing capital in certain real estate investments with its clients. As of December 31, 2017, it had committed $31.6 million to fund future co-investments in Global Investment Management business, $25.5 million of which is expected to be funded during 2017.
The rental activities market is segmented into Residential Buildings And Dwellings Rental Services; Non-Residential Buildings Rental Services; Miniwarehouses And Self-Storage Units Rental Services; and Other Rental Services.
Rental Activities Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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