5 Biggest Industries in the World in 2021

3. Commercial Real Estate

Market value: $9.6 trillion

Surviving the pandemic, the commercial real estate sector ranks 3rd on the list of the 10 biggest industries in the world in 2021. Commercial real estate offices shifted to digital operations due to the lockdown. Due to economic deflation and an unpredictable pricing climate, global commercial real estate deal volume fell 36% year over year to $306 billion in the second quarter of 2020. 

Brookfield Asset Management (NYSE: BAM) is the world’s largest real estate company headquartered in Toronto, Canada with $602 billion total assets under management and $77 billion deployable capital. Shares of BAM increased by 64% over the past twelve months. 

Zillow Group (NASDAQ: Z), based in Seattle, is an e-commerce site for commercial real estate where a consumer can buy, rent, sell a property. The Zillow Group owns a range of rental and purchases listing sites and applications and it makes revenue by offering property management companies to promote their listings. In the fourth quarter of 2020, Zillow’s revenue amounted to $789 million with over 2.2 billion website visits. Shares of Z increased by 446% over the past twelve months.