In contrast to residential real estate, which is primarily used for living purposes, commercial real estate (CRE) refers to properties that have been used solely for commercial purposes or even to provide a workstation. These commercial properties are frequently licenced to renters in order to generate revenue.
From a single storefront to a major retail mall, these broad portions of property ownership can be found. Commercial property includes all types of retailers, including office space, hotel chains, strip malls, cafes, and treatment centres.
GLOBAL COMMERCIAL REAL ESTATE MARKET DYNAMICS
Policy efforts such as Make in India and other property investment initiatives such as the Real Estate Regulatory Authority (RERA) and GST have significantly boosted the commercial properties business in global markets.
Despite their worries at first, builders and buyers have commended the initiative because of the industry’s enhanced openness and expertise, which has attracted increasing amounts of foreign direct investment (FDI) in commercial real estate.
GLOBAL COMMERCIAL REAL ESTATE MARKET SEGMENTATION
The Global Commercial Real Estate Market can be segmented into following categories for further analysis.
- Major Cities
- Metro Cities
- Minor Cities
- Towns and Villages
By Product Type
- Retail Leases
- Industrial Leases
- Multi Family Businesses
- Hospital / Medical Structures
By Technology Focus Type
- Direct Deal Real Estate
- Brokerage Deal Real Estate
By Lease Tenure Type
- 1 and Less than 1 Year
- 1 to 3 Years
- 3 to 5 Years
- 5 to 10 Years
- Greater than 10 Years
By Regional Classification
- Asia Pacific Region – APAC
- Middle East and Gulf Region
- Africa Region
- North America Region
- Europe Region
- Latin America and Caribbean Region
RECENT TECHNOLOGICAL TRENDS IN GLOBAL COMMERCIAL REAL ESTATE MARKET
Throughout history, technological advancements have had the power to streamline numerous company tasks and change industrial norms in every area. Experts are working to revolutionise the current commercial real estate market, and commercial real estate technology is rapidly increasing in the real estate business.
To power the purchasing and selling markets, most of today’s evolving CRE technology takes use of big data, machine learning, and the Internet of Things (IoT). At the global and micro levels, technologies that substantially shorten the time necessary to appraise a transaction and a submarket are now being developed.
The return of productivity could have a significant impact on real estate demand. When the economy is doing well and new jobs are being created, for example, demand for office space often increases. When people’s overall earnings rise as a result of the additional jobs, they have more money to spend on retail items, which necessitates greater retail space.
Furthermore, newly hired people may now afford their own home, boosting demand in the residential sector.
- CBRE Limited
- DLF Limited
- Blackstone Group
- Magic Bricks
- Oberoi realty
- India Bulls Real Estate
- Anarock Property Consultants
- Aston Pearl Real Estate
- Central General Development Co Limited
- Grainger PLC
- Dalian Wanda Group
- Leading RE
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