As of October 2024, the ten leading office real estate investment trusts (REITs) in the United States had a combined market capitalization of about ** billion U.S. dollars. All REITs in the list experienced a decrease in market capitalization in 2023. The largest office REIT, Boston Properties, Inc., saw its market cap increase from *** billion U.S. dollars to **** billion U.S. dollars between October 2023 and October 2024.

American Tower, Welltower, and Prologis were the real estate investment trusts (REITs) worldwide with the largest market caps as of April 14, 2024. All three REITs were headquartered in the United States. If fact, out of the 30 largest REITs, only *** was headquartered outside the United States — **************************

Segro PLC was the biggest real estate investment trust (REIT) trading on the London Stock Exchange as of March 2025. A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs invest in many types of commercial real estate: offices, rental apartments, industrial warehouses, as well as hospitals, hotels, and retail properties. Market cap of REITS As of March 31, 2025, Segro PLC was ranked at the high end of the scale, with approximately ****billion British pounds in market capitalization. Segro PLC operates in eight European countries and specializes in big box and urban warehousing for retailers, logistics and transport companies, manufacturers, wholesalers. The London Stock Exchange (LSE) LSE is one of the oldest stock exchanges in the world, listing approximately ***** companies with an aggregate market capitalization of approximately *** trillion British pounds in 2024.

The real estate investment trust (REIT) market is projected to expand significantly, reaching a market size of 2035.3 million by 2033, exhibiting a robust 9.1% CAGR during the forecast period (2023-2033). The growth is attributed to several key factors, including rising urbanization, increasing disposable income, and government initiatives promoting homeownership. Moreover, the increasing demand for institutional-grade real estate and the growth of the e-commerce industry have further fueled the expansion of the REIT market. The REIT market is segmented into various application types, including office, retail, residential, industrial, and others. The office segment currently holds the largest market share due to the growing demand for commercial office spaces in urban areas. However, the residential segment is expected to witness significant growth in the coming years, driven by the increasing need for affordable housing solutions. In terms of type, equity REITs are the most prevalent, followed by mortgage REITs and hybrid REITs. Geographically, North America is the largest market for REITs, followed by Europe and Asia-Pacific.

Inventory Time Series for SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2025, SL Green held interests in 55 buildings totaling 30.8 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

As of the end of 2024, the market capitalization of the Japanese real estate investment trust (J-REIT) market amounted to around 14.3 trillion Japanese yen. The figure decreased from 15.4 trillion yen in the previous year. What is a REIT? Real estate investment trusts are investment vehicles that acquire income-producing real estate and distribute 90 percent or more of the profits generated to investors. In this way, they allow individuals to invest in large-scale commercial properties without owning them themselves. REITs own a variety of properties, from multifamily residences to logistics facilities. Some specialize in a particular sector, while others have a mixed portfolio. REITs were first introduced in the United States in the 1960s. The first Japanese REIT was listed much later in 2001. Since then, the Japanese REIT market has gradually expanded to become one of the largest in the world in terms of market capitalization. The REIT market in Japan Publicly traded REITs in Japan are known under the term J-REITs. Around 57 of them were listed on the Tokyo Stock Exchange in 2024. In addition, there is a growing number of privately placed REITs primarily aimed at institutional investors.J-REITs held over 4.8 thousand properties in 2024. Offices accounted for 37 percent of their portfolio based on the acquisition value. The majority of REIT properties were located in Japan’s capital Tokyo and the surrounding metropolitan region.

According to Cognitive Market Research, the global Real Estate Investment Trust market size will be USD xx million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The Equity REITs is the fastest growing segment of the Real Estate Investment Trust industry

Market Dynamics of Real Estate Investment Trust Market

Key Drivers for Real Estate Investment Trust Market

Increasing Stable Income Generation to Boost Market Growth

Real Estate Investment Trusts (REITs) are acknowledged for their solid earnings era, making them attractive to investors searching out regular coins to go with the flow. They derive profits frequently from rental bills on properties inclusive of industrial homes, flats, purchasing facilities, and more. REITs are required, with the aid of regulation, to distribute a minimum of 90% of their taxable income to shareholders as dividends, ensuring a dependable move of income. This regular dividend payout makes REITs mainly attractive to earnings-focused buyers, which includes retirees or those searching out passive profits, while additionally imparting potential for capital appreciation over time.

Increasing Demand for Real Estate to Drive Market Growth

The increasing demand for actual property is fueled by way of international population increase, urbanization, and monetary development. As more humans circulate to towns and economies make bigger, the want for residential, industrial, and business residences rises. This growing demand leads to higher property values and rental earnings, reaping rewards for Real Estate Investment Trusts (REITs). With an assorted portfolio across sectors like retail, office areas, and housing, REITs are nicely positioned to capitalize on those trends. As asset expenses and condominium quotes grow, REITs can generate better returns for traders via both capital appreciation and consistent dividend payouts.

Restraint Factor for the Real Estate Investment Trust Market

Interest Rate Sensitivity, will Limit Market Growth

REITs are rather touchy to interest rate fluctuations due to their reliance on borrowed capital for property acquisitions and development. When hobby quotes upward push, borrowing prices grow, lowering REITs' profitability. Higher hobby prices can also make alternative profits-producing investments, like bonds, extra attractive, probably mainly to lower the call for REIT shares. Additionally, growing costs may suppress property values, in addition to impacting REIT's overall performance. Conversely, while interest charges are low, REITs gain from cheaper borrowing charges and greater favorable situations for property investments, improving their capability to generate returns and keep robust dividend payouts for traders.

Impact of Covid-19 on the Real Estate Investment Trust Market

The COVID-19 pandemic extensively impacted the Real Estate Investment Trust (REIT) marketplace, inflicting elevated volatility and shifts in calls across sectors. While some segments, like residential and business REITs, fared well because of sustained calls for housing and e-commerce, others, in particular retail and hospitality REITs, confronted enormous declines as lockdowns and travel restrictions reduced occupancy charges and apartment earnings. The pandemic improved tendencies towards remote paintings and online purchasing, reshaping the panorama for REIT investments and techniques shifting ahead. Market Overview

As per Cognitive Market Research, the global Re...

According to Cognitive Market Research, the Global Real Estate Investment Trusts (REIT) market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The industrial segment is the fastest-growing application in the REITs market, largely due to the rapid expansion of e-commerce and the demand for distribution centers and warehouses

Market Dynamics of Real Estate Investment Trusts (REIT) Market

Key Drivers for Real Estate Investment Trusts Reits Market

Growing Demand for Stable Income-Generating Assets to Boost Market Growth

The demand for stable income-generating assets is one of the key drivers of the Real Estate Investment Trusts (REITs) market. Investors increasingly seek predictable cash flows, especially in uncertain economic climates. REITs provide access to a diversified portfolio of income-producing properties, such as office buildings, shopping centers, and residential complexes, offering consistent dividends. This appeal is particularly strong among income-focused investors like retirees or those seeking to reduce risk. Additionally, REITs allow smaller investors to gain exposure to large-scale real estate investments without the need for substantial capital, further fueling market growth. For instance, in November 2023, 1031 Crowdfunding launched the Covenant Senior Housing REIT, Inc., which aims to create new ways for senior living investors to grow their holdings. The newly formed REIT stands as its own company, and 1031 is the REIT’s sponsor. With the launch, 1031 Crowdfunding focused on “exchange-type vehicles” and working with investors interested in “non-correlating assets who want to invest in senior housing”

Rise in Investor Interest for Diversification and Liquidity to Drive Market Growth

The growing desire for diversification and liquidity among investors has contributed to the expansion of the REITs market. Unlike direct property ownership, REITs provide liquidity as they can be traded on major stock exchanges, offering an attractive alternative for those looking for easier access to real estate investments without the complexities of managing properties. This liquidity makes REITs a highly attractive investment vehicle, especially in volatile markets. Furthermore, REITs enable investors to diversify their portfolios across different types of real estate assets, helping to mitigate risks and enhance returns in a well-balanced investment strategy.

Key Restraint for the Real Estate Investment Trusts Reits Market

Impact of Fluctuating Interest Rates to Hamper Market Growth

Fluctuating interest rates represent a significant restraint for the REITs market. When interest rates rise, the cost of borrowing increases, making it more expensive for REITs to finance property acquisitions or development projects. This can limit growth opportunities and reduce profitability. Additionally, higher interest rates tend to make fixed-income investments more attractive relative to REITs, which may cause a shift in investor preferences. The sensitivity of REITs to interest rate changes can lead to price volatility, which could deter some investors from entering or staying in the market, particularly those seeking stable returns. Introduction of the Real Estate Investment Trusts (REIT) Market

Real Estate Investment Trusts (REITs) are companies that own, operate, or finance income-producing real estate across a ...

Real Estate Investment Trust (REIT) Market Outlook

The global Real Estate Investment Trust (REIT) market size was valued at approximately USD 1.4 trillion in 2023 and is projected to reach nearly USD 3 trillion by 2032, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period. This impressive growth trajectory is primarily driven by the increasing popularity of REITs as a diversified investment vehicle, rising urbanization, and the growing need for commercial and residential spaces globally.

One of the primary growth factors for the REIT market is the increasing urbanization and industrialization across the globe. As more people migrate to urban centers in search of better opportunities, the demand for residential, commercial, and industrial spaces rises. This, in turn, boosts the REIT market as these trusts invest in and manage properties that cater to this growing demand. Furthermore, the development of smart cities and infrastructure projects in emerging economies is expected to provide a significant thrust to the REIT market.

Another significant driver for market growth is the diversification benefits and stable income streams that REITs offer to investors. Unlike other investment avenues, REITs provide investors with an opportunity to invest in a diversified portfolio of real estate assets, which reduces the overall risk. Additionally, REITs are required by law to distribute a significant portion of their income as dividends to shareholders, thereby offering a stable income stream. This income stability makes REITs an attractive investment option, particularly in a low-interest-rate environment.

The increasing acceptance and inclusion of REITs in various investment portfolios are also contributing to market growth. Financial advisors and institutional investors are increasingly recognizing the benefits of including REITs in investment portfolios for diversification and income generation purposes. This growing acceptance is further supported by regulatory changes in several countries that have made it easier for REITs to operate and for investors to invest in them. Moreover, the advent of online platforms and technological advancements has made it easier for individual investors to access and invest in REITs.

Industrial Real Estate is a critical component of the REIT market, particularly as global supply chains become more complex and demand for efficient logistics solutions increases. This sector includes properties such as warehouses, distribution centers, and manufacturing facilities, which are essential for supporting the growing e-commerce industry. As companies strive to optimize their supply chains and reduce delivery times, the demand for strategically located industrial properties is on the rise. This trend is further fueled by advancements in technology and automation, which are transforming the way these properties are utilized and managed. Investors are increasingly drawn to industrial REITs due to their potential for stable returns and growth, driven by the robust demand for logistics infrastructure.

From a regional perspective, North America currently holds the largest share of the global REIT market, driven by the well-established real estate sector in the United States and Canada. The Asia Pacific region is expected to witness the highest growth during the forecast period, primarily due to rapid urbanization, industrialization, and increasing disposable incomes in countries like China, India, and Southeast Asian nations. Europe also presents significant growth opportunities, particularly in the commercial and retail property segments, supported by the region's strong economic fundamentals and regulatory frameworks.

Property Type Analysis

The REIT market is segmented based on property type into residential, commercial, industrial, retail, healthcare, and others. Residential REITs, which invest in and manage residential properties such as apartment buildings and multi-family housing, have seen significant growth. The increasing demand for rental properties, driven by urbanization and demographic changes, has made residential REITs an attractive investment option. Additionally, the growing trend of co-living spaces and affordable housing projects in urban areas is further propelling the growth of residential REITs.

Commercial REITs, which focus on office buildings, business parks, and co-working spaces, are also experiencing substantial growth. The

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.

The global commercial real estate valuation services market is poised to reach a value of USD 1,076.5 million by 2033, expanding at a CAGR of 6.8% over the forecast period (2023-2033). The growth of the market is attributed to the increasing demand for commercial real estate due to the expansion of businesses and the need for office spaces, malls, and other commercial properties. The market is also driven by the growing need for accurate and timely valuation services for various purposes such as REIT valuation, mortgage, insurance, and others. The market for commercial real estate valuation services is segmented by type and application. By type, the market is segmented into office buildings, malls, and others. By application, the market is segmented into REIT valuation, mortgage, insurance, and others. Geographically, the market is segmented into North America, South America, Europe, the Middle East & Africa, and Asia Pacific. North America is expected to hold the largest share of the market due to the presence of a large number of commercial real estate properties and the demand for valuation services for various purposes.

As of May 2025, residential properties were the leading type of property owned by real estate investment trusts (REITs) in Japan, with 2,072 buildings. The Japanese real estate investment trust (J-REIT) market was established in 2001 and is one of the largest markets in the world.