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The growth of the global economy and the rapid industrialization have increased the need for commercial and industrial spaces. For instance, the increasing economic activities in APAC across the IT, e-commerce, BFSI, and pharmaceuticals sectors are spurring the demand for office spaces. The office space occupancy in APAC increased by nearly 18% in 2018 compared to 2017. The ability to provide integrated facilities management services by service providers is compensating for buyer's shortage of in-house expertise in maintaining a safe and productive work environment at their facilities. This is serving as another demand driver for real estate professional services that are bundled with IFMS.
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This global real estate professional services market intelligence report is developed based on the buyers' perspective. The report covers the key factors that drive category spend across various geographies and help buyers in identifying the right opportunities to achieve cost savings. An in-depth analysis of the pricing outlook, comparison of pricing models and supplier cost structure offered in the report helps buyers in purchasing real estate professional services while also realizing their cost-saving goals.
Insights offered in this real estate professional services market intelligence report will help the buyers understand:
The strong growth of the e-commerce sector has increased industrial leasing activities across the world. Buyers from this sector need efficient warehousing spaces to ensure faster movement of goods across various countries which are creating a pressing requirement for category service providers to optimize the value of properties for such buyers. This will serve as one of the critical factors promoting the spend growth of the real estate professional services category during the forecast period. According to estimates, an additional 1.25 million sq.ft of warehousing space is required for every USD 1 billion incremental growth in the e-commerce sector. For instance, the net absorption space of industrial spaces for the e-commerce sector in 2017 was over 70 million sq.ft across the globe.
This real estate professional services procurement research report offers coverage of:
Buyers must procure from service providers that hold all the essential licenses and permits to carry out real estate services. This helps buyers avoid several non-compliance issues related to several regulations. Engaging with service providers that use digital mapping and 3D technology to showcase properties across various countries reduce the requirement for buyers to visit the sites, and thereby; save on their travel costs.
This real estate professional services market intelligence report also offers coverage of:
Among the leading enterprises, buyers from the IT and consulting sectors in the US are creating a high demand for flexible space solutions that can meet the unique requirements of such buyers. This is driving the requirement for real estate professional services in the region. The high demand for warehouses and distribution centers following the proliferation of the e-commerce sector in the country is driving the demand for professionals to assist buyers in the e-commerce sector in carrying out supply chain optimization strategies and analyzing labor and freight costs. Consequently, this is driving the category spend growth in the US at a significant rate.
Additional information offered in this real estate professional services procurement research report will help buyers analyze:
Buyers must evaluate service providers' annual reports and financial statements that can testify their financial stability and the possession of the necessary resources to handle and complete the contract. The buyers must also look for service providers that have in-depth domain knowledge and experience in providing real estate professional services. This helps buyers in procuring consistent services by following standardized processes and employing repeatable methodologies.
This real estate professional services market intelligence report identifies the major costs incurred by suppliers and provides additional information on:
Achieving cost savings is one of the key category management objectives for real estate professional services. Buyers can achieve this by engaging with suppliers that implement AI to manage and analyze the bulk amount of data related to real estate properties across various regions. This functionally reduces the dependence on human labor while suggesting the best-fit choices for buyers' real estate requirements. It reduces the TCO of buyers as well as the TAT of category service providers.
Key insights offered in this real estate professional services procurement research report will help the buyers identify:
The investments in the commercial real estate sector in MEA reached USD 10 billion in 2017 that is mainly driven by the sovereign wealth funds from Qatar and UAE. The growth in the investments is increasing the need for real estate professional services in MEA. South America is witnessing an influx of outsourced IT projects that are creating an exponential demand for office spaces and data center space solutions. This phenomenon is driving the demand for the real estate professional services providers in the region. In an information-sensitive real-estate industry, the adoption of automation by the service providers in North America is catering to buyers with real estate pricing trends analysis, average occupancy, and location analysis. While this is enhancing the quality of their services and reduce OPEX, it is boosting their feasibility across the real-estate buyers in the region.
To estimate the regional spend potential, this real estate professional services market intelligence report considers geographies such as:
Information on the top real estate professional services suppliers and major risks faced while procuring top real estate professional services is offered in this market intelligence report. Download a free sample to access the report's complete scope of coverage.
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.