Flash sale: The value of residential construction is expected to heavily affect NJ industry growth

Operators in the Real Estate Sales and Brokerage industry in New Jersey serve as 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. Over the five years to 2018, industry operators have benefited significantly from construction activity in the residential and nonresidential construction markets. As construction activity increases, specifically residential construction, so too does the potential for real estate brokers and agents to sell, buy or rent the real estate to someone else. The residential market is expected to account for 78.0% of industry revenue in 2018, which makes activity in this market significant for industry operators...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
4.2%
Forecast Growth 18-23
Profit
Employment
32,856
Businesses
25,719

Industry Threats & Opportunities

  • Rising disposable income, combined with interest rates remaining low, bolstered demand for residential construction activity
  • Additional Insights for the Real Estate Sales & Brokerage in New Jersey Industry

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

  • Effective product promotion
  • Effective cost controls
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Home Price Index in New Jersey and year conventional mortgage rate in the Real Estate Sales & Brokerage in New Jersey industry impact industry performance..

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    What's in this report

    What is the Real Estate Sales & Brokerage in New Jersey 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
  • Residential sales
  • Residential rentals
  • Commercial sales
  • Commercial rentals
  • Transaction, advisory and other services
  • 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
  • Home Price Index in New Jersey
  • year conventional mortgage rate
  • Value of residential construction in New Jersey
  • Corporate profit
  • Per Capita Disposable Income in New Jersey

  • Current Performance
    Industry Outlook
  • Table: Real Estate Sales & Brokerage in New Jersey Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Real Estate Sales & Brokerage in New Jersey 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
  • Residential sales
  • Commercial rentals
  • Commercial sales
  • Transaction, advisory and other services
  • Residential rentals
  • Chart: Real Estate Sales & Brokerage in New Jersey Industry Products and Services Segmentation

  • Major Markets
  • Married residential
  • Single residential
  • Office
  • Retail
  • Warehousing
  • Manufacturing
  • Chart: Major Market Segmentation for the Real Estate Sales & Brokerage in New Jersey Industry

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

  • Basis of Competition
    Barriers to Entry
    CBRE Group Inc., Cushman & Wakefield Inc., Newmark Knight Frank, Realogy Holdings Corporation,
  • 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 New Jersey 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 New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • NJ- Value of residential construction (2009-2023)

  • 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?

    IBISWorld’s Real Estate Sales & Brokerage in New Jersey Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Real Estate Sales & Brokerage in New Jersey industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 New Jersey:
    • 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 New Jersey 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 New Jersey, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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