The Space Market in CRE is the market for the usage of space by tenants on the demand side which is provided by landlords on the supply side.  The Space Market is segmented into usage and location qualifications.

The Asset Market is the market for real estate assets and is generally measured in terms of future cash flows.  The Asset Market can be broken down into debt and equity, as well as public and private markets; and should understood in the context of the broader Capital Market – stocks, bonds etc.