Commercial Real Estate Agents in the UK - Industry Market Research Report

Dented demand: High mortgage rates and rapid cost-push inflation is causing revenue to slump in 2023-24

Companies in the Commercial Real Estate Agents industry act as intermediaries for the buying, selling, renting or leasing non-residential property. Typically, estate agents can earn income via fees and commissions charged to clients, which allows them to protect their operating profit margin from commercial property price fluctuations. Agents may also provide clients with value-added ancillary services through which they can generate additional revenue, including specialist transaction advisory services and escrow services. Competitive pressures have forced estate agents to lower fees to retain business volumes. Over the five years through 2023-24, the commercial real estate agents industry is expected to contract at a compound annual rate of 3.4% to £6.5 billion.

Commercial real estate agents act as intermediaries when commercial and other non-residential private mixed-use property is bought, sold or rented. Commercial real estate agents receive a fee or contract basis. They also provide advice and appraisals for buying, selling and renting commercial property and provide escrow services. The industry includes online-only estate agents. Property-related legal services are not part of the industry.

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.