The real estate sector is one which comprises the different elements of property such as development, appraisal, marketing, selling, leasing, and management of commercial, industrial, residential, and agricultural properties. Although the industry can fluctuate depending on the state of national and local economies, it nonetheless always remains consistent due to the constant demand for homes, industrial footprints, and high-growth data centers.

The real estate industry is an integral component of the economy and although the industry encountered challenges in the mid 2000s, with the real estate market peaking and then falling in line with the recession, it has still nevertheless been strengthened in the years since and continues to grow.

According to the NAIOP Research Foundation, the combined economic contributions of new U.S. commercial real estate development and the operations of existing commercial buildings reached direct expenditures of $1.4 trillion, which ultimately injected a staggering $3.5 trillion into the nation’s economic output and gross domestic product (GDP).