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(MoneyNewsWire.Net, November 27, 2018 ) Commercial real estate (CRE) industry and brokerage service companies are leveraging on big data technology to identify customer choices and build robust customer relationships. Big data is a large data set that can be analyzed to gain deeper insights into consumer behavior and market dynamics and enhance decision-making process. It enables CRE companies to optimize utilization of resources and make better property sale or lease decisions. For example, View-The-Space, a US-based CRE management and technology firm creates videos to track consumer behavior. BlockAvenue, a location-based platform, uses big data to create crucial metrics and help find potential property buyers for CRE companies. Some well-known big data startups in the CRE industry include Compstak, Honest Buildings, Rentlytics, redIQ, Reonomy, ReScour and Propstack.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL BROKERAGE SERVICES MARKET AT $1.2 TRILLION IN 2017
Asia Pacific was the largest geographic region in the global brokerage services market, accounting for almost half of the market share. This was mainly due to advent of technological advances and increasing life standard in the Asia Pacific market.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, adoption of cloud brokerage services are on a rise. Cloud brokerage service enable to handle huge amount of data while making it easier for customers to choose a standardized service.
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CBRE Group was the largest competitor in the global brokerage services market, with revenues of $13 billion for the financial year 2016. CBRE Group, Inc. is the largest commercial real estate services and investment firm in the world. It is based in Los Angeles, California and operates more than 450 offices worldwide and has clients in more than 100 countries. Services provided by the company include facilities management services to occupiers of commercial real estate as well as property management, leasing, capital markets, appraisal, and brokerage services to owners of commercial real estate. The CBRE Global Investors division sponsors real estate investments via investment funds and direct investments that it manages.
The brokerage services market is segmented into Residential Buildings And Dwellings Brokers; Non-Residential Buildings Brokers; Miniwarehouses And Self-Storage Units Brokers; and Other Brokers.
Residential Buildings And Dwellings Brokers comprises establishments primarily engaged in acting as agents and/or brokers for residential buildings and dwelling.
Non-Residential Buildings Brokers comprises establishments primarily engaged in acting as agents and/or brokers for non-residential buildings.
Miniwarehouses And Self-Storage Units Brokers comprises establishments primarily engaged in acting as agents and/or brokers for Miniwarehouses and self-storage units.
Other Brokers comprises establishments primarily engaged in acting as agents and/or brokers for other real estate properties except Residential Buildings And Dwellings Brokers, Non-Residential Buildings Brokers and Miniwarehouses And Self-Storage Units Brokers.
Brokerage Services 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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