Findings

Real Estate Development Market - Helpful Findings

• The market size of real estate development in the US is likely available in the paid report by Industry Research.
• At the beginning of 2020, it was predicted that the total real estate investment in 2020 would be between $478 and $502 billion.
• However, it was likely lower due to the pandemic. In Q2 and Q3 2020, the investment was only $107 billion.
• In 2018, the real estate industry contributed $2.7 trillion (or 13% of GDP) to the US economy.
• The size of the real estate sales and brokerage market in the US is around $164.8 billion. The 2016-2021 CAGR is 1.3%.

Residential Real Estate Development Market

• According to IBISWorld, the market size of the housing development market in the US is around $149.2 billion.
• There are around 54,981 housing developers in the country.
• The construction value for residential real estate development is not available. However, the figure for both residential and public construction was $355.4 billion in 2020.
• In 2020, there were around 1.383 million residential constructions started.
• Also, the housing construction value grew by 4.7% in 2020.
• Some of the key players in the market are Lennar Corporation, DR Horton, Pulte Group, and KB Home.

Commercial Real Estate Development Market

• The market size is not available. However, in 2020, the commercial real estate development and operations market contributed $1.01 trillion to the US economy.
• Office, industrial, warehouse, and retail construction value (including soft construction, site development, hard construction, and tenant improvements) was $177.68 billion in direct expenditures and $531.2 billion in total economic contribution to GDP.
• According to REIT, the total commercial property value is between $14.4 and $17 trillion.
• While the number of commercial real estate developers in the US is not publicly available, there are around 10,000 such companies that are listed on LinkedIn.
• Out of those, around 6,300 have 1-10 employees, 3,100 have 11-50 employees, 879 have 51-200 employees, 288 have 201-500 employees, 109 have 501-1000 employees, 87 have 1001-5000 employees, 17 have 5001-10,000 employees, and 21 have over 10,001 employees.
• Please note that the above results may not be completely precise because they include some companies and organizations that provide services related to commercial real estate development but don't focus on such development in itself. However, we screened the results to verify that the vast majority of companies are in commercial real estate development.

Research Strategy