NEW YORK, June 2, 2023 /PRNewswire/ — The REIT Market is segmented by type (industrial, commercial, and residential), application (warehouses and communication centers, self-storage facilities and data centers, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa)
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Regional Market Outlook
During the forecast period, North America is anticipated to contribute 63% to the growth of the global market. The geographical trends and drivers that will shape the market over the course of the forecast have been thoroughly discussed by Technavio’s analysts.
The region is likely to support the growth of the market during the forecast period due to the expansion of industries like manufacturing, food and beverage production, chemical production, and e-commerce. The US rent costs for storage and warehouse facilities have increased due to the low vacancy rate of industrial buildings such as storage and warehouses, which is approximately 3%–6%.
View the sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Global Market Outlook
The REIT market is anticipated to expand at a CAGR of 2.8%. The market is expected to grow in size by USD 333.01 billion. Online purchasing has expanded globally in recent years. As internet connectivity developed globally, e-commerce expanded and traditional merchants found it more challenging to expand. The quantity of items sold through online channels has expanded with the growth of internet commerce globally. Global e-commerce giants like Amazon, Alibaba, JD.com, and IKEA are among those opening their warehouses to accommodate the rise in sales volumes as a result. A long-term strategy to develop its smart warehouse network throughout Southeast Asia, including Vietnam, Indonesia,
