Forecast: Employees in Real Estate Sector in the US

The US real estate sector has experienced notable fluctuations in employment from 2013 to 2023. Starting at 2.05 million employees in 2013, it grew to 2.37 million by 2023. The sector saw strong growth until 2019, when it faced a significant 9.1% decline in 2020, shortly recovering by 2023. Present forecasts predict moderate growth, with a 0.38% CAGR for 2023-2028, reaching 2.43 million employees by 2028.

Future trends to watch for include technological advancements influencing real estate operations, shifts toward remote work impacting office real estate demand, and potential economic disruptions affecting housing market dynamics. Monitoring demographics will also be crucial as they can significantly alter real estate trends.

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