Market Insights report
Commercial real estate can be defined as properties that are used for business purposes, such as office buildings, retail spaces, warehouses, and industrial properties. 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.
This report provides an overview of commercial real estate and includes a range of statistics: the overall market development, a forecast until 2029, worldwide comparisons, and more. In total, the gloabal commercial real estate value, which amounted to US$114.98 trillion in 2023, is expected to continue growing at a stable rate to reach US$126.61 trillion by 2029.
What's included?
In 2023, the overall global commercial real estate market was US$114.98 trillion, comprising 18.90% of worldwide real estate value. The commercial real estate market is influenced by a variety of factors, including the local economy, population growth, interest rates, and government policies. Commercial real estate prices can vary significantly depending on the location and other factors such as the type of property, age of the building, and local economic conditions. In some countries, the commercial real estate market is also regulated by government agencies, which set rules and standards for the buying and selling of properties. The commercial real estate market is often seen as a key indicator of the overall health of an economy, as the demand for commercial space can be affected by factors such as employment, consumer confidence, and access to financing.
The Commercial Real Estate market is also driven by various trends, e.g., the fast development of technology and e-commerce; higher demands for co-working spaces, flexible work arrangements (on-site and remote works), and sustainability. With all these trends driving the Commercial Real Estate market, it impacts the market on both sides, however, it is predicted to continue to grow in the future at a steady rate.
Commercial Real Estate
Overview
Market numbers
Commercial Real Estate
Overview
Market numbers
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