Getting to know some figures before investing in an industry is crucial and serves as a plus point. The annual growth is expected to rise as per the latest sources. (CAGR 2022 to 2025). In 2019, the real industry market was US$ 1.72 billion but it is expected to reach US$ 9.30 billion by 2040.
As per some latest sources, the demand for data centres is also expected to rise in the coming years by 2025 and in 2040 expected to rise for commercial real estate between $14 trillion to $17 trillion. In addition to this, the US commercial real estate market is witnessing a growth between $14 trillion and $17 trillion.
The wave of covid-19 affected each sector greatly. The same is the case with the real estate industry also. Besides the other sectors, the real estate industry also got affected by the pandemic, especially the residential sector. In 2020, in commercial real estate market, there were 140.8 million units. In 2021, there were 6.9 million in US home sales and expected to grow by 7 million in 2023.
For residential property in 2021 the cost was around $1.25 million.
The rise of 5.1% is expected for commercial property from 2022 to 2030.
But it gained momentum as soon as the lockdown lifted and the demand swelled up. It would not be wrong to say that increasing industrial activities is the major factor contributing to the growth of real estate. The demand and sales of real estate are expected to rise greatly.