In 2023, business enterprise R&D expenditure in the US real estate activities sector stood at $2.44 billion (PPP 2015). The forecast indicates a growth trend with expenditures rising from $2.66 billion in 2024 to $3.53 billion by 2028. Year-on-year, the increases are approximately 8.27% for 2025, 7.64% for 2026, 7.10% for 2027, and 6.33% for 2028. The compound annual growth rate (CAGR) for 2024 through 2028 is projected at 7.33%.
Future trends to watch for include technological advancements impacting property management systems, green building initiatives, and the integration of AI for data-driven decision-making. These factors could drive further R&D investments in the real estate sector.
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