Moving in: Housing starts and home prices will rise providing growth opportunities for residential services

The Real Estate Sales and Brokerage industry in New York is primarily driven by macroeconomic trends in the residential and commercial real estate sector. Over the past five years, both residential and nonresidential markets have strengthened steadily. As consumers see an increase in their incomes, they are more likely to demand more commercial goods and services, further driving demand for space. During the period, housing starts and home prices have both risen and with it so has revenue from residential segments, because agents are typically paid on a commission basis and receive their fee only when they close a deal. Over the five years to 2022, housing starts are expected to continue to grow, albeit at a slower rate...read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
1.7%
Forecast Growth 17-22
Profit
Employment
56,486
Businesses
43,828
What Our Customers Say

Industry Threats & Opportunities

  • Nonresidential markets are expected to continue improving with increases in consumer spending and business expansion
  • Low interest rates and economic growth have resulted in strong nonresidential construction
  • The steady demand for new housing permits will boost the number of housing starts
  • Industry Report - Industry Locations Chapter

    As is the case with most real estate industries, establishments in the Real Estate Sales and Brokerage industry in New York are concentrated in areas with both high population density and strong economic output. Thus, it comes as no surprise that the leading regions in the state for industry activity are New York City, Long Island and the Hudson Valley regions. New York City is by far the state's most concentrated region, but Long Island is a major secondary market with an estimated 20.4% of industry establishments. The region is the second most populous in the state and is geographically close to New York City. The Hudson Valley is the third most populous region and accounts for an estimated 13.5% of industry establishments. ...purchase to read more.

    Additional Insights for the Real Estate Sales & Brokerage in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Real Estate Sales & Brokerage in New York 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 New York and Access to Credit in New York in the Real Estate Sales & Brokerage in New York industry impact industry performance..

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    What is the Real Estate Sales & Brokerage in New York 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
  • Commercial sales
  • Residential rentals
  • 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
  • Housing Starts in New York
  • Access to Credit in New York
  • year conventional mortgage rate
  • Home Price Index in New York
  • Value of private nonresidential construction in New York

  • 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 New York Industry Revenue Outlook

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

  • Major Markets
  • Residential
  • Office and professional Space
  • Retail Space
  • Warehousing and other commercial space
  • Manufacturing Space
  • Chart: Major Market Segmentation for the Real Estate Sales & Brokerage in New York 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 New York

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

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Real Estate Sales & Brokerage in New York 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 York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Why buy this report?

    IBISWorld’s industry research report on Real Estate Sales & Brokerage in New York can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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

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