Real Estate Developer Question:
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Tell me how much of the global economy is comprised of the real estate sector?
Answer:
The commercial and residential real estate industry generated an estimated $3 trillion in 2014, with some 35% of sector revenue coming from leasing activities. Other revenue was attributed to net gains from property sales, brokerage fees and rental income. Most estimates of total global gross domestic product fall in the $75 trillion to $90 trillion range, meaning the real estate sector makes up between 3.33% and 4% of total world output.
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