A niche in real estate refers to a specific area of the market or a particular type of property that caters to a specific group of buyers or investors. This can include luxury homes, vacation properties, rental properties, and properties in specific geographic locations or neighborhoods. Niches can also include properties that are designed for specific uses, such as eco-friendly homes, senior living communities, or properties that are suitable for redevelopment. Identifying and targeting a niche can be a successful strategy for real estate professionals looking to specialize and differentiate themselves in a crowded market.