A rental activity is any activity
where gross income is derived principally from amounts paid by customers for
the use of tangible property. The industry includes establishments involved in
renting and allowing the use of buildings and land for payments made
principally.
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The global rental activities market
was valued at $2.4 trillion in 2017. The rise in demand from the construction industry owing to increasing
public and private investments in infrastructure projects and rising disposable
income in emerging markets is driving the demand for rental activites.
Asia
Pacific was the largest region in the rental activities market in 2017, accounting for about half of
the global market share.
The rental activities market
is split into segments: residential buildings and dwellings rental services; non-residential
buildings rental services; mini warehouses and self-storage unit’s rental
services; and other rental services.
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China was the biggest player in the
rental activities global market in
2017, accounting for one one-fifth of market share.
The top five competitors in the
market are CBRE Group, Colliers International, RE/MAX, Marcus and Millichap and
HFF. CBRE Group is the largest
commercial real estate services and investment firm in the world. It is based
in Los Angeles, California and operates more than 450 offices worldwide and has
clients in more than 100 countries.
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