The Commercial Real Estate market in United States has been experiencing significant developments and trends in recent years.
Customer preferences: Customers in the Commercial Real Estate market in United States have shown a strong preference for properties that offer flexible and adaptable spaces. This is driven by the changing nature of businesses and the need for spaces that can accommodate evolving needs. Additionally, customers are increasingly looking for properties that are located in prime locations with easy access to transportation and amenities. This is driven by the desire to attract and retain top talent, as well as to cater to the needs of an increasingly mobile workforce.
Trends in the market: One of the key trends in the Commercial Real Estate market in United States is the rise of co-working spaces. This trend has been fueled by the growth of startups and freelancers who are looking for affordable and flexible office spaces. Co-working spaces offer a range of amenities and services, such as shared meeting rooms, high-speed internet, and networking events, which are attractive to these customers. Another trend in the market is the increasing demand for mixed-use developments. These developments combine commercial, residential, and retail spaces in a single location, creating vibrant and dynamic communities.
Local special circumstances: The Commercial Real Estate market in United States is influenced by local factors such as population growth and urbanization. As more people move to cities in search of job opportunities, the demand for commercial real estate in urban areas has increased. Additionally, the United States has a diverse economy with different industries driving demand for commercial real estate in different regions. For example, technology companies are driving demand for office space in cities like San Francisco and Seattle, while the healthcare industry is driving demand for medical office space in cities like New York and Boston.
Underlying macroeconomic factors: The development of the Commercial Real Estate market in United States is also influenced by underlying macroeconomic factors. For example, low interest rates have made it easier for businesses to access financing for real estate investments, leading to increased demand. Additionally, the strong economy and low unemployment rate have contributed to the growth of the market, as businesses expand and create new jobs. However, it is important to note that the market is also sensitive to changes in the macroeconomic environment, such as changes in interest rates or economic downturns, which can impact demand and pricing.
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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