Add 'Estimating the Size of the Commercial Real Estate Market in The U.S.'

Estimating-the-Size-of-the-Commercial-Real-Estate-Market-in-The-U.S..md

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+[redfin.com](https://www.redfin.com/news/)<br>Estimating the Size of the Commercial Real Estate Market in the U.S.<br>
+<br>1. Home
+2. REIT Data
+3. Research
+4. Nareit Research<br>
+<br>The estimated total dollar value of business real estate was $20.7 trillion as of 2021: Q2.<br>
+<br>Highlights<br>
+<br>This research note summarizes a study by Nareit primarily using information from CoStar that [approximates](https://aurorahousings.com) the total dollar worth of commercial realty was $20.7 trillion since 2021: Q2. This research study updates and builds on the method for Nareit's previous quotes of the commercial realty market.<br>
+<br>Table 1 sums up the quotes by residential or commercial property sector. The total price quote is $20.7 trillion. Measurement issues with the underlying data suggest that the actual worth of total CRE might differ from this point quote. An evaluation of these sources of unpredictability recommends that the real value is extremely most likely to fall within a variety of $18 - $22 trillion. These estimates are based on a bottom-up approach utilizing the very best available information for each residential or commercial property sector.<br>
+<br>We likewise estimate overall REIT holdings of commercial real estate utilizing data from Capital IQ Pro. For the second quarter of 2021, REITs make up an approximated 9.4% of the overall [CRE market](https://qheemrealty.com). REITs tend to focus on institutional-quality residential or commercial properties that are newer and of higher quality than numerous other commercial residential or  that are owned by personal investors. We estimate the total value of these "REIT-like" residential or commercial properties to be roughly 50% of the overall CRE market and that the REIT share of "REIT-like" residential or commercial properties is 18.7% for the second quarter of 2021.<br>
+<br>Chart 1 shows a time series of the REIT share of the overall CRE market and the REIT share of the REIT-like CRE market.<br>
+<br>Methodology<br>
+<br>To estimate the size of the business property market, we utilize a multi-step technique based upon the very best offered data for each residential or commercial property sector.<br>
+<br>- We begin by determining and estimating the number of systems (for multifamily) and total square footage (for other residential or commercial property sectors) by residential or commercial property sector and residential or commercial property quality type for the biggest 200 markets in the U.S. This procedure used CoStar's information export function covering the Office, Retail, Multifamily, and Industrial residential or commercial property sectors that supplied overall square footage and systems in addition to the [typical rate](https://northwaveasia.com) per square foot (for office, retail, and industrial) or per system (for multifamily).
+- The details on square footage and average cost by residential or commercial property type (for retail: General Retail, Mall, Neighborhood Center, and Strip Center