Brazil Commercial Real Estate Market Market Size

Brazil Commercial Real Estate Market Analysis

The Brazil Commercial Real Estate Market size in terms of transaction value is expected to grow from USD 63.67 billion in 2024 to USD 96.62 billion by 2029, at a CAGR of 8.70% during the forecast period (2024-2029).

 Large companies investing in real estate are one of the major factors boosting the industry's growth. The emerging growth of the hospitality sector is another aspect propelling market performance. Commercial, residential, and rural land real estate transactions are all popular investment options in Brazil. The market has attracted many investors seeking tailored transactions for large multinational clients.

• The COVID-19 pandemic hurt the Brazilian commercial real estate market performance. However, real estate agents, contractors, and builders have been trying to reduce or waive off taxes charged on documentation and registrations while selling or buying a property, which might help get the industry's performance back on track. Governments and private organizations are actively developing new projects to provide lucrative opportunities to companies in the industry.
• Technological developments in the Brazilian commercial real estate market have played a vital part in the development of the industry so far. The rising number of innovations and adoption of new technologies such as 3D imaging, virtual reality, networking platforms, cloud-based mobile applications, smart sensor technology, big data analytics, and cloud technology in the field are boosting the growth of the commercial real estate industry.