Skip to main content
  1. Market Insights
  2. Financial
  3. Real Estate

Commercial Real Estate - Guatemala

Guatemala
  • The Commercial Real Estate market market in Guatemala is expected to reach a value of US$90.15bn by 2025.
  • It is projected to grow at an annual growth rate of 4.57% from 2025 to 2029, resulting in a market volume of US$107.78bn by 2029.
  • In global comparison, the United States is expected to generate the highest value in the Real Estate market with US$25.8tn in 2025.
  • The commercial real estate market in Guatemala is experiencing a surge in demand due to increased foreign investment.

Definition:

Commercial real estate can be defined as properties that are used for business purposes, such as office buildings, retail spaces, warehouses, and industrial properties.

Additional information:

The commercial real estate market contains the value of commercial properties as a key performance indicator. This is the worth of all office buildings, retail spaces warehouses, and industrial properties for the timeline of our data coverage.
In-Scope
  • Office buildings
  • Retail spaces
  • Warehouses
  • Industrial properties
Out-Of-Scope
  • Residential real estate
  • Publicly owned buildings used by the local government
  • Buildings used for public health care services
Commercial Real Estate: market data & analysis  - Cover

Market Insights report

Commercial Real Estate: market data & analysis
Study Details

    Value

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Commercial Real Estate market in Guatemala is experiencing significant growth and development, driven by various factors including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Commercial Real Estate market in Guatemala are shifting towards modern and well-equipped office spaces, retail centers, and industrial parks. Businesses are increasingly looking for spaces that offer state-of-the-art facilities, convenient locations, and flexible leasing options. This is driven by the need to attract and retain top talent, enhance productivity, and provide a seamless customer experience. Additionally, there is a growing demand for mixed-use developments that combine commercial spaces with residential units, offering convenience and accessibility to both employees and residents. Trends in the market indicate a rise in foreign investment in the Commercial Real Estate sector in Guatemala. International companies are recognizing the country's potential and favorable business environment, leading to increased demand for commercial spaces. This trend is further supported by the government's efforts to attract foreign direct investment and promote economic growth. As a result, there has been a surge in the construction of office buildings, shopping malls, and industrial parks to meet the growing demand. Local special circumstances also contribute to the development of the Commercial Real Estate market in Guatemala. The country's strategic location, with access to major international markets, makes it an attractive destination for companies looking to expand their operations in Central America. Additionally, the government has implemented various policies and incentives to encourage investment in the real estate sector, such as tax breaks and streamlined bureaucratic processes. These factors create a favorable business environment and attract both local and international investors. Underlying macroeconomic factors play a crucial role in the growth of the Commercial Real Estate market in Guatemala. The country has experienced stable economic growth in recent years, supported by a strong private sector and increasing consumer purchasing power. This has led to a rise in demand for commercial spaces, as businesses look to capitalize on the growing consumer market. Additionally, low interest rates and favorable financing conditions have made it easier for companies to invest in real estate projects, further driving market growth. In conclusion, the Commercial Real Estate market in Guatemala is growing and evolving, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The demand for modern and well-equipped commercial spaces, foreign investment, favorable business environment, and stable economic growth are all contributing to the development of the market. As the country continues to attract investment and foster economic growth, the Commercial Real Estate sector is expected to flourish in the coming years.

    Methodology

    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.

    Finance

    Access more Market Insights on Finance topics with our featured report

    Commercial Real Estate: market data & analysis  - BackgroundCommercial Real Estate: market data & analysis  - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Jan 2025

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Commercial real estate in Europe - statistics & facts

    Since the COVID-19 pandemic, the European commercial real estate sector has faced rising pressures, including sluggish economic growth, high construction costs, and declining property values. These challenges were evident through the dramatic decline in investment volumes in 2023. The shifting economic landscape has impacted all commercial real estate subsectors. Still, offices have been hit the hardest, with the share of commercial real estate investment allocated to offices falling by 18 percentage points between 2019 and 2023. Conversely, industrial real estate has emerged as the most sought-after property type among occupiers and investors.
    More data on the topic

    Explore more high-quality data on related topic

    Industrial and logistic real estate in the Nordics - statistics & facts

    Growing demand for industrial and logistic real estate is prominent in Europe, driven by the increase in online retail sales rather than in-store. All the Nordic countries saw steady growth in their e-commerce sales during the past fifteen years and more, and the growth is expected to continue. Investments in the industrial and logistic real estate industry have generally been at a higher level during the last few years. The highest investment value among European countries in the first half of 2021 was in the United Kingdom, while Sweden topped the list among the Nordic countries, and was fifth in terms of industrial and logistics investment in real estate in Europe that year.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.