The Commercial Real Estate market in CIS is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in the CIS region are driving the growth of the Commercial Real Estate market. As the economy continues to expand, businesses are looking for suitable office spaces, retail outlets, and warehouses to meet their growing needs. Additionally, there is a rising demand for residential properties as more people move to urban areas in search of better job opportunities. These customer preferences are fueling the demand for commercial real estate properties in the region. Trends in the market indicate a strong momentum in the Commercial Real Estate sector in the CIS. The construction of new office buildings, shopping malls, and industrial parks is on the rise. Developers are capitalizing on the growing demand by investing in these projects. Moreover, there is a trend towards mixed-use developments, where commercial and residential properties are combined in a single project. This trend caters to the needs of both businesses and individuals, creating a vibrant and diverse real estate market. Local special circumstances also play a role in the development of the Commercial Real Estate market in the CIS. The region has a rich cultural heritage and is home to several historical landmarks. As a result, there is a demand for heritage properties that can be converted into hotels, restaurants, or cultural centers. This unique aspect of the market provides opportunities for investors and developers to repurpose existing buildings and contribute to the preservation of the region's history. Underlying macroeconomic factors are also contributing to the growth of the Commercial Real Estate market in the CIS. The region has experienced stable economic growth in recent years, which has increased the purchasing power of businesses and individuals. Additionally, favorable government policies and incentives for real estate development have attracted both domestic and foreign investors. These macroeconomic factors create a conducive environment for the expansion of the Commercial Real Estate market. In conclusion, the Commercial Real Estate market in the CIS is experiencing significant development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The region's growing economy, demand for commercial properties, and favorable investment climate are driving the expansion of the market. As the market continues to evolve, it presents opportunities for investors and developers to capitalize on the region's potential.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
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