Dublin, June 08, 2020 (GLOBE NEWSWIRE) — The “Real Estate Rental Global Market Report 2020-30: Covid 19 Impact and Recovery” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global real estate rental market as it emerges from the Covid 19 shut down.
The global real estate rental market is expected to grow from $1759.8 billion in 2019 to $1787.8 billion in 2020 at a compound annual growth rate (CAGR) of 1.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $2216.2 billion in 2023.
Asia Pacific was the largest region in the global real estate rental market, accounting for 32% of the market in 2019. Western Europe was the second largest region accounting for 29% of the global real estate rental market. Africa was the smallest region in the global real estate rental market.
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