Welcome home: Rising disposable income has enabled more people to purchase and rent properties

The Real Estate Sales and Brokerage industry in Florida is primarily driven by macroeconomic trends in the residential and commercial real estate sector. The strength of these markets is dependent on a variety of factors that are both related to each other and separate. The strength of economic activity within the state drives demand for commercial and nonresidential spaces for businesses. Over the past five years, both residential and nonresidential markets have strengthened steadily. During the period, increasing disposable income has enabled more individuals and families to purchase and rent properties...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 12-17
6.0%
Forecast Growth 17-22
Profit
Employment
115,632
Businesses
96,918

Industry Threats & Opportunities

  • Steady growth in housing starts and disposable income has increased industry demand
  • Low interest rates in the state have resulted in strong nonresidential construction growth
  • Increasing home prices will improve operators’ commission rates and industry revenue growth
  • Industry Report - Starting a New Business Chapter

    The Real Estate Sales and Brokerage industry in Florida is characterized by low barriers to entry. Operators within the industry have low startup costs and licensing requirements, which enables them to enter the industry with few issues. Further, few barriers to success enables small companies to enter and remain within the industry.The industry itself is heavily regulated; however, the certification requirements to enter the industry are relatively light. The state of Florida requires both brokers and agents to have a license to operate. In order to be eligible for the license an individual must be 18 years-old and have a high school diploma. The requirements for a broker are higher than for an agent because they are tasked with representing the entire brokerage business. Thu...purchase to read more.

    Additional Insights for the Real Estate Sales & Brokerage in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Real Estate Sales & Brokerage in Florida Industry are

  • Effective product promotion
  • Effective cost controls
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Housing starts in Florida and Access to Credit in Florida in the Real Estate Sales & Brokerage in Florida industry impact industry performance..

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    What's in this report

    What is the Real Estate Sales & Brokerage in Florida Industry?

    This industry comprises brokers and agents who sell, buy or rent real estate for others. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants.

    Industry Products
  • Single-family properties
  • Condominium properties
  • Office properties
  • Retail properties
  • Industry Activities
  • Selling residential or commercial real estate for others
  • Buying residential or commercial real estate for others
  • Renting residential or commercial real estate for others
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts in Florida
  • Access to Credit in Florida
  • year conventional mortgage rate
  • Home price index in Florida
  • Value of private nonresidential construction in Florida

  • Current Performance
  • Residential markets
  • The commercial market
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential markets
  • Commercial growth
  • Industry structure
  • Table: Real Estate Sales & Brokerage in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Real Estate Sales & Brokerage in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Real Estate Investment Trusts
  • Apartment Rental
  • Commercial Leasing
  • Storage & Warehouse Leasing

  • Key Selling Industries
  • Billboard & Outdoor Advertising
  • Newspaper Publishing
  • Printing
  • VoIP
  • Wired Telecommunications Carriers
  • Wireless Telecommunications Carriers

  • Products & Services
  • Single-family properties
  • Retail properties
  • Office properties
  • Condominium properties
  • Chart: Real Estate Sales & Brokerage in Florida Industry Products and Services Segmentation

  • Major Markets
  • Married or partnered residential homeowner or renter
  • Single residential homeowner or renter
  • Office and professional space
  • Retail space
  • Manufacturing space
  • Warehousing and other commercial space
  • Chart: Major Market Segmentation for the Real Estate Sales & Brokerage in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Real Estate Sales & Brokerage in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Real Estate Sales & Brokerage in Florida Industry

  • Beachfront Realty, CBRE Group Inc., Cushman & Wakefield Inc., Newmark Knight Frank, Realogy Holdings Corporation,
  • Table: Beachfront Realty - financial performance
  • Table: CBRE Group Inc. - financial performance
  • Table: Cushman & Wakefield Inc. - financial performance
  • Table: Newmark Knight Frank - financial performance
  • Table: Realogy Holdings Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Real Estate Sales & Brokerage in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Real Estate Sales & Brokerage in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Existing Home Sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Foreclosure
  • The legal process in which an owner's right to a property is terminated, usually because the owner defaulted on the property's mortgage.
  • Franchise
  • A form of business that operates under a contract agreement and usually pays a business organization a fee to operate under the franchiser's trade name.
  • Real Estate Broker
  • An individual who runs a real estate office and manages agents.
  • Write-Down
  • The process of reducing the book value of an asset because it is overvalued compared with its current market value.
  • What Our Customers Say

    Why buy this report?

    The Real Estate Sales & Brokerage in Florida industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Real Estate Sales & Brokerage in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Real Estate Sales & Brokerage in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Real Estate Sales & Brokerage in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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