There are many factors that influence the development of the commercial real estate sector: By definition, commercial real estate is closely connected to the economy and the performance of different sectors. Companies operating in the sector include real estate investors, developers, brokers, managers, and media portals, all facing different challenges and opportunities as industry trends evolve. During the coronavirus pandemic, the need for social distancing led to offices worldwide transitioning to a hybrid working model and demand for office space falling. The boost in e-commerce spending in many countries, on the other hand, resulted in the need for more warehouses, fulfillment centers, and the growth of the industrial and logistics real estate sector which facilitates it. Some of the most important themes in the future of the industry are the increasing importance of technological innovation and environmental, social, and governance sustainability (ESG).
Value of commercial real estate market worldwide from 2019 to 2023, by region (in trillion U.S. dollars)
Further details: Visit original statistic Value of commercial real estate market worldwide from 2019 to 2023, by region (in trillion U.S. dollars)
Commercial real estate has been enjoying a high level of investor interest in recent years and has earned its place as a core asset in the portfolio of institutional investors. Globally, the commercial real estate market was worth approximately 37 trillion U.S. dollars in 2023 – about twice the size of China’s economy. With one-third of the estimated global market size, North America was the region with the largest commercial real estate market.
Global commercial propertyDistribution of direct commercial real estate investment transaction volumes worldwide from 2007 to 1st quarter 2024, by sector
Further details: Visit original statistic Distribution of direct commercial real estate investment transaction volumes worldwide from 2007 to 1st quarter 2024, by sector
Compared to a decade ago, the popularity of residential and logistics real estate has increased notably among global investors. Both sectors have proved to be especially resilient during the pandemic and have enjoyed high demand and rental growth. In bigger cities where space is scarce and house prices too high, demand for multifamily or build-to-rent properties is as good as guaranteed.
Office real estate in LondonCommercial property experts planning to take different sustainability actions in the next 12 to 18 months to address their environmental impact worldwide as of 2024
As in many other industries, sustainability and the potential of technological innovation to advance decarbonization are important topics in commercial real estate. Environmental, social, and governance (ESG) sustainability has many benefits for investors, such as enhancing a company’s brand and reputation, attracting and retaining clients, and meeting internal company needs. Investing in advanced and innovative technological solutions was the most important sustainability measure planned.
ProptechLeading commercial real estate investment brokerage firms worldwide in 2023, by investment sale volumes (in million U.S. dollars)
Commercial real estate brokerage firms are companies that sell commercial properties. Combined, the top five brokerage firms worldwide registered over 424 billion U.S. dollars in transaction volume in 2023, with CBRE leading the ranking as the biggest commercial property broker worldwide. Apart from brokerage firms, there are other types of companies such as real estate investment trusts (REITs), and real estate asset managers.
CBRE
The broad definition of commercial real estate includes property that has been built for business purposes. In this section, Statista provides the most relevant and up to date data on the commercial real estate sector and its main subsectors: office, retail, industrial and logistic, and hospitality. Additionally, Statista covers alternative commercial properties such as multifamily, senior, and student housing.
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