The Commercial Real Estate market in the Eurasian Economic Union (EAEU) is experiencing significant growth and development due to various factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the current state of the Commercial Real Estate market in the EAEU. Customer preferences in the EAEU have shifted towards investing in commercial real estate due to its potential for high returns and stability. Investors are attracted to the steady income generated by commercial properties such as office buildings, retail spaces, and industrial facilities. Additionally, the EAEU's strategic location as a transit hub between Europe and Asia makes it an attractive destination for businesses, further driving demand for commercial real estate. Trends in the market show a growing demand for modern and sustainable commercial properties in the EAEU. With increasing environmental awareness and stricter regulations, businesses are seeking energy-efficient buildings that align with sustainable practices. This trend is driven by both customer demand and government initiatives promoting green and sustainable development. As a result, developers are focusing on constructing eco-friendly commercial properties to meet the market's evolving needs. Local special circumstances also play a role in the development of the Commercial Real Estate market in the EAEU. The region's rich natural resources, including oil, gas, and minerals, attract foreign investors and multinational corporations. These companies require commercial spaces for their operations, leading to increased demand for office and industrial properties. Additionally, the EAEU's growing population and rising middle class contribute to the demand for retail spaces and shopping centers. Underlying macroeconomic factors further support the growth of the Commercial Real Estate market in the EAEU. The region's economic stability and favorable business environment make it an attractive destination for both domestic and international investors. Government policies promoting foreign direct investment and economic diversification also contribute to the market's expansion. Furthermore, the EAEU's integration with other global markets through trade agreements and partnerships creates opportunities for commercial real estate development. In conclusion, the Commercial Real Estate market in the EAEU is developing due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards investing in commercial properties, the demand for modern and sustainable buildings, the region's natural resources and growing population, and the favorable business environment all contribute to the market's growth. As the EAEU continues to attract businesses and investors, the Commercial Real Estate market is expected to flourish in the coming years.
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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