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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