This industry comprises establishments primarily engaged in acting as lessors of buildings (except mini-warehouses and self-storage units) that are not used as residences or dwellings. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Economic Rental Space
This mature industry is highly dependent on underlying economic growth. Increasing trends of people working from home, sharing office spaces and reducing office space per employee are just a few factors anticipated to gradually, yet adversely, affect office tenant demand in the future. Competition from REITs is increasing as these trusts allow investors to obtain exposure to property without directly purchasing or subleasing a property.
