The Real Estate and Rental and Leasing Gross Output in the US has seen steady growth from 2013 to 2019, with annual year-on-year variations averaging around 4-5%. However, 2020 introduced a slight deceleration due to market disruptions, reflected in a modest 2.73% increase. A slight downturn was observed in 2021 with a -2.52% year-on-year variation, but the sector rebounded strongly in 2022 with a 7.88% increase. As of 2023, the value stands at $4.4435 trillion, with a 2.38% year-on-year rise.

Key future trends to watch for include:

Continued but modest growth projected over the next 5 years with a CAGR of 1.66%.
Potential market stabilization with overall gross output projected to increase by 8.56% by 2028.
Technological advancements in property management and rental services likely driving efficiency and growth.
Demographic shifts and urbanization trends influencing rental property demand.