North America Real Estate Market is expected to reach USD 4359.1 million by 2030

The rapidly growing population across the region drives is driving the demand for the North America real estate market during the forecast period.

North America Real Estate Market was valued at USD 3575.9 million in 2023, and is expected to reach USD 4359.1 million by 2030, with a CAGR of 2.6% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The growing population across the region is driving the demand for housing and infrastructure, thereby boosting the real estate market. As the population continues to rise, the demand for infrastructure, such as housing, offices, and commercial spaces, has been surging.

This presents a significant opportunity for real estate developers and investors. Recognizing these demographic trends enables stakeholders in the real estate industry to make informed decisions about where to invest, the types of properties to develop, and how to tailor offerings to meet the specific needs of the local population.

Moreover, the rise of remote work, fueled by technological advancements, has altered preferences for property locations, with a growing emphasis on a higher quality of life over proximity to traditional work centers. Smart home features, including automation systems and energy-efficient technologies, have become significant selling points, enhancing both the desirability and value of properties.

Online platforms have transformed the real estate landscape, offering virtual tours, streamlined transactions, and an abundance of information for buyers and sellers. Data analytics empowers real estate professionals with valuable insights into market trends, property values, and investment opportunities.

However, environmental concerns in the real estate industry pertain to the impact of construction and property development on the environment. As awareness of ecological issues increases, governments and communities may enact regulations that enforce eco-friendly construction practices.

This could include requirements for energy-efficient buildings, waste reduction, and sustainable materials. Implementing these measures may raise construction costs, affecting the overall profitability of real estate projects. Thus, investors and developers need to stay informed about evolving environmental standards and incorporate sustainable practices to navigate this restraining factor effectively.

On the other hand, the growing number of smart cities and sustainable development projects over the region is expected to provide ample opportunities in the real estate market in the coming years. These projects focus on creating eco-friendly, tech-savvy urban environments that enhance the quality of life.

As cities face issues of energy efficiency and infrastructure, the real estate sector benefits from constructing environmentally friendly, technologically advanced properties. This trend not only addresses pressing global challenges but also offers a promising future for real estate investors and developers to prosper in a world increasingly focused on sustainability and technology.

Request for a sample here: https://www.nextmsc.com/north-america-real-estate-market/request-sample

Several market players operating in the North America real estate market include Prologis, Inc., Brookfield Asset Management Inc., ATC IP LLC, Simon Property Group, L.P., Coldwell Banker, Tata Housing Development Company, Keller Williams Realty, Inc., CBRE Group, Inc., Sotheby’s International Realty Affiliates LLC, and Colliers.

Key Insights from the North America Real Estate Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the North America real estate market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the North America real estate market is provided in the report along with their competitive analysis.

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