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Real Estate Asset Management & Consulting in the US

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Real Estate Asset Management & Consulting in the US WWW.IBISWORLD.COM Real Estate Asset Management & Consulting in the US June 2019 1 Home stretch: Strong organic growth in construction activity will boost industry revenue This report was provided to Autobahn Consultants (2134210691) by IBISWorld on 27 October 2019 in accordance with their license agreement with IBISWorld IBISWorld Industry Report 53139 Real Estate Asset Management & Consulting in the US June 2019 Ryan Roth 2 About this Industry 16 International Trade 27 Industry Assistance 2 Industry Definition 17 Business Locations 2 Main Activities 29 Key Statistics 2 Similar Industries 19 Competitive Landscape 29 Industry Data 3 Additional Resources 19 Market Share Concentration 29 Annual Change 19 Key Success Factors 29 Key Ratios 4 Industry at a Glance 19 Cost Structure Benchmarks 30 Industry Financial Ratios 21 Basis of Competition 5 Industry Performance 22 Barriers to Entry 31 Jargon & Glossary 5 Executive Summary 22 Industry Globalization 5 Key External Drivers 7 Current Performance 23 Major Companies 9 Industry Outlook 23 CBRE Group 11 Industry Life Cycle 23 Jones Lang LaSalle 13 Products and Markets 25 Operating Conditions 13 Supply Chain 25 Capital Intensity 13 Products and Services 26 Technology and Systems 14 Demand Determinants 26 Revenue Volatility 15 Major Markets 27 Regulation and Policy www.ibisworld.com | 1-800-330-3772 | [email protected] WWW.IBISWORLD.COM Real Estate Asset Management & Consulting in the US June 2019 2 About this Industry Industry Definition Companies in this industry provide real miscellaneous activities. The industry does estate-related services, including escrow, not include real estate agent and broker fiduciary, consultancy, research, listings, offices, real estate lessors, real estate property tenant representation and other managers or real estate appraiser offices. Main Activities The primary activities of this industry are Providing real estate escrow services Providing real estate asset management services Providing real estate listing services Providing real estate consultancy Tenant representation and relocation Real estate research and analysis Providing real estate fiduciary services Providing other miscellaneous real estate services The major products and services in this industry are Real estate consulting services Real estate listing services Real estate relocation services Other services Similar Industries 53111 Apartment Rental in the US Establishments in this industry primarily lease buildings used as residences or dwellings. 53112 Commercial Leasing in the US Establishments in this industry primarily act as lessors of buildings that are not used as residences or dwellings. 53113 Storage & Warehouse Leasing in the US Establishments in this industry primarily engage in renting or leasing space for self-storage. 53119 Land Leasing in the US Establishments in this industry primarily act as lessors of nonfixed structure real estate properties (i.e. not buildings), including manufactured home (i.e. mobile home) sites and vacant lots. 53121 Real Estate Sales & Brokerage in the US Establishments in this industry primarily sell, buy and rent real estate for others. 53131 Property Management in the US Establishments in this industry provide a variety of services, such as collecting rent and overseeing maintenance, security and trash removal. 53132 Real Estate Appraisal in the US Establishments in this industry estimate the fair market value of real estate. Provided to: Autobahn Consultants (2134210691) | 27 October 2019 WWW.IBISWORLD.COM Real Estate Asset Management & Consulting in the US June 2019 3 About this Industry Similar Industries 54119 Conveyancing Services in the US Establishments in this industry research public land records for title ownership and undertake conveying real continued estate titles. Additional Resources For additional information on this industry www.bea.gov Bureau of Economic Analysis www.fhfa.gov Federal Housing Finance Agency www.hud.gov US Department of Housing and Urban Development IBISWorld writes over 1000 US industry reports, which are updated up to four times a year. To see all reports, go to www.ibisworld.com Provided to: Autobahn Consultants (2134210691) | 27 October 2019 WWW.IBISWORLD.COM Real Estate Asset Management & Consulting in the US June 2019 4 Industry at a Glance Real Estate Asset Management & Consulting in 2019 Key Statistics Revenue Annual Growth 14–19 Annual Growth 19–24 Snapshot $68.7bn 4.3% 1.0% Profit Wages Businesses $24.0bn $24.0bn 552,551 Revenue vs. employment growth Demand from building, developing and Market Share general contracting There are no major 12 20 players in this 8 10 industry 4 0 0 -10 % change % change -4 -20 -8 -30 Year 11 13 15 17 19 21 23 25 Year 13 15 17 19 21 23 25 Revenue Employment SOURCE: WWW.IBISWORLD.COM p. 23 Products and services segmentation (2019) Key External Drivers 9.4% Demand from building, Real estate listing services developing and general contracting Yield on 10-year 18.6% Treasury note Real estate relocation services Housing starts 50.8% Real estate House price index consulting services Office rental vacancy 21.2% p. 5 Other services SOURCE: WWW.IBISWORLD.COM Industry Structure Life Cycle Stage Mature Regulation Level Light Revenue Volatility Medium Technology Change Low Capital Intensity Low Barriers to Entry Low Industry Assistance None Industry Globalization Low Concentration Level Low Competition Level Medium FOR ADDITIONAL STATISTICS AND TIME SERIES SEE THE APPENDIX ON PAGE 29 Provided to: Autobahn Consultants (2134210691) | 27 October 2019 WWW.IBISWORLD.COM Real Estate Asset Management & Consulting in the US June 2019 5 Industry Performance Executive Summary | Key External Drivers | Current Performance Industry Outlook | Life Cycle Stage Executive Summary The Real Estate Asset Management and relocation services. Overall, industry Consulting industry consists of a range of revenue is expected to expand at an services for businesses and individuals annualized rate of 4.3% to total $68.7 involved in real estate investment, billion over the five years to 2019. In transactions and development. Industry 2019 alone, industry revenue is activities include consulting and expected to grow 2.3% alongside rising advisory, real estate asset management, corporate profit and housing starts. escrow, relocation, tenant representation, Amid rising demand for industry listing and fiduciary activities. The services and relatively low ancillary majority of companies in the industry are costs, industry profit, measured as nonemployers; the average industry earnings before interest and taxes establishment employs fewer than two (EBIT), is expected to account for workers. Accordingly, market share 35.0% of industry revenue in 2019. concentration in the Real Estate Asset Moving forward, the housing market is expected to continue to expand, benefiting the industry over the five years Strong growth in housing starts and gains in to 2024. An increase in real estate nonresidential construction have catalyzed transactions is expected to drive revenue growth as residential and commercial surging demand for industry services construction improves. Consequently, industry profit is also projected to grow Management and Consulting industry is during the five-year period. Additionally, relatively low, with operators mainly the possible privatization of Fannie Mae serving regional markets. and Freddie Mac is anticipated to provide Over the five years to 2019, the new capital for the property market and industry has experienced moderate create demand for real estate asset growth as construction markets have managers and consultants. Accordingly, expanded due to broad economic the number of enterprises is expected to improvements. In particular, strong increase at an annualized rate of 2.0% to growth in housing starts and overall reach 609,790 companies over the five gains in nonresidential construction years to 2024, amid speculation of have served to catalyze surging demand increased demand for industry services. for consulting and advisory services. Overall, IBISWorld expects industry Furthermore, rising corporate profit revenue to rise at an annualized rate of has led to expanded business budgets, 1.0% to total $72.2 billion over the five increasing demand for industry years to 2024. Key External Drivers Demand from building, developing developing and general contracting is and general contracting expected to increase in 2019, presenting The Real Estate Asset Management and a potential opportunity for the industry. Consulting industry primarily provides advice to the corporate sector and Yield on 10-year Treasury note property developers. An increase in the The yield on the 10-year Treasury note is volume of construction creates demand used as a proxy for interest rates. A for consulting and advisory services, real higher yield translates to increased estate information and analysis and interest rates, which can lead to the listing services. Demand from building, deferment of real estate purchases, Provided to: Autobahn Consultants (2134210691) | 27 October 2019 WWW.IBISWORLD.COM Real Estate Asset Management & Consulting in the US June 2019 6 Industry Performance Key External Drivers entitlements and development, thus index increases, demand for companies continued causing demand for industry services to that perform real estate services rises decline. The yield on the 10-year accordingly. Conversely, when housing Treasury note is expected to fall in 2019. values decrease, demand declines and revenue falls.
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