Key regions: Japan, China, Australia, Germany, United States
The Residential Real Estate Leases market in Americas is witnessing significant growth and development in recent years. This can be attributed to various factors such as changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in the Americas are increasingly opting for residential real estate leases due to the flexibility and convenience they offer. Many individuals and families are choosing to rent rather than buy a property, as it allows them to have more mobility and flexibility in their living arrangements. Additionally, renting a property often requires less upfront costs compared to purchasing a home, making it more affordable for many people.
Trends in the market: One of the key trends in the Residential Real Estate Leases market in Americas is the rise of co-living spaces. These shared living arrangements are becoming increasingly popular, particularly among young professionals and students. Co-living spaces provide a sense of community and offer shared amenities, making them an attractive option for individuals who value social interaction and convenience. Another trend in the market is the growing demand for eco-friendly and sustainable properties. Customers are becoming more conscious of their environmental footprint and are seeking properties that are energy-efficient and environmentally friendly. This trend is driving the development of green buildings and sustainable housing options in the Americas.
Local special circumstances: The Americas is a diverse region with various local special circumstances that impact the Residential Real Estate Leases market. For example, in urban areas with high population density, such as New York City and São Paulo, the demand for rental properties is particularly high. This is due to the limited availability of land and the high cost of property ownership in these cities. In addition, the presence of international students and expatriates in many cities across the Americas creates a significant demand for rental properties. These individuals often prefer to rent rather than buy a property due to the temporary nature of their stay.
Underlying macroeconomic factors: Several macroeconomic factors are contributing to the growth of the Residential Real Estate Leases market in Americas. Low interest rates make it more affordable for investors to finance rental properties, leading to increased investment in the market. Additionally, economic growth and urbanization in many countries in the region are driving the demand for rental properties. Furthermore, the impact of the COVID-19 pandemic has also influenced the Residential Real Estate Leases market in Americas. The pandemic has led to changes in work and lifestyle patterns, with remote work becoming more prevalent. This has resulted in a shift in housing preferences, with individuals seeking properties that can accommodate home offices and provide access to outdoor spaces. In conclusion, the Residential Real Estate Leases market in Americas is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The rise of co-living spaces, the demand for eco-friendly properties, and the presence of international students and expatriates are shaping the market. Additionally, low interest rates, economic growth, and the impact of the COVID-19 pandemic are contributing to the expansion of the market.
Data coverage:
Figures are based on total and average revenue of residential apartment leases.Modeling approach:
Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
