North America Serviced Apartment Market Size & Outlook

The serviced apartment market in North America is expected to reach a projected revenue of US$ 86,749.9 million by 2030. A compound annual growth rate of 11% is expected of North America serviced apartment market from 2024 to 2030.

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North America Serviced Apartment Market Size & Outlook

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Serviced Apartment Market To Reach $248.92Bn By 2030 - Grand …

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The global serviced apartment market size is anticipated to reach USD 248.92 billion by 2030, according to a new report by Grand View Research, Inc. ... North America accounted for a …

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Serviced Apartment Market Latest Published Study 2024-2031

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Sep 25, 2024 · Serviced Apartment Market Size is valued at USD 104.2 billion in 2023 and is predicted to reach USD 271.0 billion by the year 2031 at a 12.9% CAGR during the forecast …

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Serviced Apartment Market Revenue To Attain USD 373.33 Bn By …

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The serviced apartments market revenue reached USD 126.88 billion in 2024 and is predicted to attain around USD 373.33 billion by 2033, with a healthy CAGR of 12.74%.

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2024 Real Estate Industry Outlook - RSM US

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Sep 20, 2024 · The U.S. housing market started 2024 with optimism as builder sentiment improved and mortgage rates dipped below 7%, but rising interest rates and home prices soon …

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Apartment Hotel Market, Trends, Size, Share Outlook 2032

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Global Apartment Hotel Market Size Was Estimated At USD 13.15 Billion In 2023 And Is Projected To Reach USD 18.48 Billion By 2032, Exhibiting A CAGR Of 3.88% During The …

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Latin America Serviced Apartment Market Size & Outlook

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The serviced apartment market in Latin America is expected to reach a projected revenue of US$ 24,021.1 million by 2030. A compound annual growth rate of 13.4% is expected of Latin …

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Europe Serviced Apartment Market Size & Outlook, 2030 - Grand …

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In terms of revenue, Europe region accounted for 28.7% of the global serviced apartment market in 2023. Globally, North America is projected to lead the regional market in terms of revenue in …

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Asia Pacific Serviced Apartment Market Size & Outlook - Grand …

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In terms of revenue, Asia Pacific region accounted for 21.0% of the global serviced apartment market in 2023. Globally, North America is projected to lead the regional market in terms of …

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FAQs about North America Serviced Apartment Market Size & Outlook Coupon?

Why is the demand for serviced apartments growing?

According to SilverDoor’s report the demand for serviced apartments outside city centres is growing – because of a rise in city rates. For shorter stays corporates need to be near central offices and because of this strong demand Silverdoor has seen 18.5 per cent average increase in serviced accommodation rates in major cities. ...

Will the serviced apartment market be consolidated?

But due to the fragmented nature of the serviced apartment market, Riley believes some consolidation is inevitable. “The sector is behind hotels in this respect – hotels have been better at marketing themselves which has led to excitement about buying a specific brand,” says Riley. ...

Why are serviced apartments so popular in New York?

This is largely due to the upcoming New York market, UNGA (United Nations General Assembly), and the US Open – all in August and September. City Centre Spread According to SilverDoor’s report the demand for serviced apartments outside city centres is growing – because of a rise in city rates. ...

Where is the apartment rental industry located?

The national Apartment Rental industry is most heavily concentrated in California, New York and Texas. IBISWorld provides industry research for the Apartment Rental industry in 50 states. location_on Apartment Rental in California Geographic Concentration: x.x% lock Purchase this report or a membership to unlock our full summary for this industry. ...

Is Green Street more correlated with the apartment sector?

While SFR sector drivers are fairly correlated with the apartment sector, Green Street more heavily weights barriers to homeownership for SFR (e.g., home price/income). As for the Apartment Outlook, we place more focus on high-paying job growth. ...

Where are serviced apartments most popular in Europe?

Europe is the second largest region for serviced apartments, with Germany and the UK leading the way. Investor development and awareness has seen Stuttgart and Belfast serviced apartment units increase by 372 per cent and 337 per cent, respectively. ...