This statistic shows the volume of space leased in the United States in the second quarter 2021, by industry. In that period, technology leased *** million square feet, which made it the largest industry in terms of leasing activity in the United States.

Operators in this industry provide shared office spaces for individuals and small companies.

The global share office spaces market was valued at 41.4 billion U.S. dollars in 2024. By 2029, the market was forecast to grow to 62.75 billion U.S. dollars.

Comprehensive dataset of 11,104 Office space rental agencies in United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The US Commercial Office Construction market, a significant segment of the broader commercial construction industry, is projected to experience steady growth over the next decade. With a global market size of $171.26 billion in 2025 and a Compound Annual Growth Rate (CAGR) of 3.51%, the US market, while lacking precise figures in the provided data, can be reasonably estimated to represent a substantial portion of this global total. Drivers of market growth include increasing urbanization, expanding corporate sectors requiring modern office spaces, and a continued demand for technologically advanced and sustainable buildings. Trends such as the adoption of modular construction techniques to accelerate project timelines and reduce costs, along with a growing emphasis on incorporating smart building technologies, are shaping the market landscape. However, challenges remain. Economic fluctuations, rising material costs, and labor shortages can constrain growth. Furthermore, the increasing popularity of remote work arrangements might moderate the demand for traditional office space, though this effect is likely to be offset by companies seeking to retain a physical office presence for collaboration and team building. The segmentation by end-user (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, and Other End Users) indicates diverse market opportunities, with office building construction remaining the dominant segment. The competitive landscape is characterized by both large multinational corporations and regional players. Key players such as Kiewit Corporation, Bechtel Corporation, and Balfour Beatty LLC are leveraging their expertise and experience to secure prominent projects. However, the market also exhibits a fragmented nature, with numerous smaller construction firms contributing significantly to the overall volume. Regional variations in economic conditions, regulatory frameworks, and construction costs will influence market dynamics. North America is expected to maintain its leading position, driven by strong economic growth and ongoing infrastructural development in the US. However, other regions such as Asia-Pacific are also experiencing significant growth, particularly in rapidly developing economies with booming urban centers. The future of the US Commercial Office Construction market is expected to be characterized by a blend of continued growth, driven by long-term economic trends and technological advancements, alongside ongoing challenges related to cost, labor, and evolving work patterns. Strategic partnerships, technological innovation, and effective risk management will be crucial for companies seeking to thrive in this dynamic market. Recent developments include: Dec 2022: Global Infrastructure Solutions Inc. (GISI) and Hill International Inc. (NYSE: HIL) announced that their strategic merger had been completed following the completion of final regulatory reviews. This merger expands growth opportunities globally for fee infrastructure consulting markets., May 2022: Hyundai Motor announced in May 2022 that it would break ground on its new facility in Georgia in early 2022, with an annual capacity of 300,000 EV units, with commercial production beginning in the first half of 2025. According to an unnamed auto industry source, Hyundai Motor is considering starting construction later in 2023, with commercial production beginning in the second half of 2024.. Key drivers for this market are: Government Initiatives, Demand for office and retail space. Potential restraints include: Government Initiatives, Demand for office and retail space. Notable trends are: The Emergence of Smart Cities is a Key Market Trend.

This statistic shows the number of people working in coworking spaces in the United States from 2015 to 2022. In 2017, there were ******* people working in coworking spaces in the U.S., and this is forecasted to increase to about **** million in 2022. In 2017, there were around **** million people working in coworking spaces worldwide. In 2015, the leading serviced office company in the world in terms of number of coworking spaces was Impact Hub.

Graph and download economic data for Private New Construction Activity, Commercial Buildings, Value in Constant Dollars for United States (A0288AUSA380NNBR) from 1920 to 1946 about buildings, commercial, construction, new, private, real, and USA.

The USA office real estate industry is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4.00% from 2025 to 2033. While the exact market size in 2025 is not specified, considering typical market valuations and the provided CAGR, a reasonable estimate would place it in the hundreds of billions of dollars. This growth is fueled by several key drivers. The increasing demand for flexible and modern workspaces, driven by the ongoing shift towards hybrid work models, is a major contributor. Technological advancements, such as improved building management systems and smart office technologies, are also enhancing the appeal and efficiency of office spaces. Furthermore, strategic investments in urban revitalization projects and the expansion of major business hubs are stimulating construction and renovation activity within the sector. However, the market is not without its challenges. Rising construction costs and interest rates present significant headwinds. The increasing prevalence of remote work options also necessitates a reevaluation of office space requirements, potentially leading to decreased demand in certain segments. Furthermore, the evolving needs of businesses, emphasizing collaboration and well-being, require office spaces to adapt and offer amenities beyond traditional layouts. Major players like Hitt Contracting, Kiewit Corporation, Gilbane Building Co, and others are navigating this dynamic landscape by focusing on sustainable practices, technological integration, and the delivery of flexible, adaptable work environments to cater to the evolving demands of their clients. The industry's success will depend on its capacity to adapt to these changing dynamics and offer innovative solutions to meet the evolving needs of the modern workforce. Key drivers for this market are: Increasing Disposable Income and Middle-Class Expansion, Increased Awareness of Roofing Solutions. Potential restraints include: The presence of counterfeit or substandard roofing materials in the market poses a significant challenge, The roofing industry faces a shortage of skilled labor. Notable trends are: Increase in Leasing Volumes.

Graph and download economic data for Rental and Leasing of Commercial Space for Lessors of Real Estate, All Establishments, Employer Firms (LORERALOCSA45311) from 2015 to 2022 about lessors, employer firms, leases, rent, real estate, establishments, commercial, and USA.

The flexible office space market witnesses steady growth, driven by the increasing adoption of remote work and the need for cost-effective solutions by businesses. With a market size valued at XX million in 2025 and a projected CAGR of XX% during the forecast period (2025-2033), the market is poised to reach XXX million by 2033. Factors such as the rise of the gig economy, the growing number of startups and small businesses, and the increasing demand for flexible work arrangements are expected to contribute to this growth. Key trends shaping the market include the increasing adoption of hybrid work models, the emergence of co-working spaces and serviced offices, and the growing popularity of virtual offices. Additionally, the increasing use of technology in flexible office spaces, such as smart desks and room booking systems, is expected to enhance the user experience and drive market growth. The market is segmented by type (public space, private desk, meeting rooms, virtual office) and application (SMEs, large enterprises). Regionally, North America, Europe, and Asia Pacific dominate the market, with the United States, United Kingdom, and China being the key contributors. Flexible office space is a rapidly growing segment of the commercial real estate market. With the rise of remote work and the need for greater flexibility, businesses are turning to flexible office space solutions to meet their changing needs.

Commercial reference buildings provide complete descriptions for whole building energy analysis using EnergyPlus (see "About EnergyPlus" resource link) simulation software. Included here is data pertaining to the reference building type "Large Office" for each of the 16 climate zones described on the Wiki page (see "OpenEI Wiki Page for Commercial Reference Buildings" resource link), and each of three construction categories: new (2004) construction, post-1980 construction existing buildings, and pre-1980 construction existing buildings. The dataset includes four key components: building summary, zone summary, location summary and a picture. Building summary includes details about: form, fabric, and HVAC. Zone summary includes details such as: area, volume, lighting, and occupants for all types of zones in the building. Location summary includes key building information as it pertains to each climate zone, including: fabric and HVAC details, utility costs, energy end use, and peak energy demand. In total, DOE developed 16 reference building types that represent approximately 70% of commercial buildings in the U.S.; for each type, building models are available for each of the three construction categories. The commercial reference buildings (formerly known as commercial building benchmark models) were developed by the U.S. Department of Energy (DOE), in conjunction with three of its national laboratories. Additional data is available directly from DOE's Energy Efficiency & Renewable Energy (EERE) website (see "About Commercial Buildings" resource link), including EnergyPlus software input files (.idf) and results of the EnergyPlus simulations (.html). Note: There have been many changes and improvements since this dataset was released. Several revisions have been made to the models and moved to a different approach to representing typical building energy consumption. For current data on building energy consumption please see the ComStock resource below.

Graph and download economic data for Producer Price Index by Commodity: Real Estate Services (Partial): Office Buildings, Gross Rents (WPU43110101) from Dec 2008 to Jun 2025 about rent, real estate, gross, buildings, services, commodities, PPI, inflation, price index, indexes, price, and USA.

Virtual Office Space Market Outlook

According to our latest research, the virtual office space market size reached USD 51.2 billion in 2024, demonstrating robust momentum driven by the global shift toward remote and hybrid work models. The market is projected to grow at a CAGR of 14.7% from 2025 to 2033, with the forecasted market size expected to surpass USD 156.2 billion by 2033. This impressive growth trajectory is attributed to increasing demand for flexible workspace solutions, cost optimization imperatives among enterprises, and the proliferation of digital collaboration technologies.

One of the primary growth drivers in the virtual office space market is the widespread adoption of remote and hybrid work policies across various industry verticals. Organizations are increasingly recognizing the advantages of virtual office solutions, such as reduced overhead costs, enhanced employee satisfaction, and access to a global talent pool. The COVID-19 pandemic accelerated this paradigm shift, prompting businesses to invest in digital infrastructure and cloud-based collaboration tools. As enterprises continue to prioritize operational flexibility and business continuity, the demand for integrated virtual office platforms that facilitate seamless communication, document sharing, and project management is expected to surge. Furthermore, the gig economy and freelance workforce are expanding rapidly, further fueling the need for scalable and customizable virtual office solutions.

Another significant factor propelling the growth of the virtual office space market is the rising emphasis on business agility and sustainability. Virtual office environments enable companies to establish a professional presence in multiple locations without the need for physical office space, thereby minimizing their environmental footprint and supporting green business initiatives. This trend is particularly pronounced among startups, small and medium enterprises (SMEs), and multinational corporations seeking to optimize their real estate expenditure while maintaining a competitive edge in fast-evolving markets. Additionally, advancements in artificial intelligence, machine learning, and automation have enhanced the functionality of virtual office platforms, offering features such as intelligent scheduling, virtual receptionists, and real-time analytics, which further drive market growth.

The virtual office space market is also benefiting from supportive regulatory frameworks and evolving business norms that encourage flexible work arrangements. Governments and industry associations across regions are implementing policies that facilitate remote work, digital nomadism, and cross-border business operations. This has led to increased adoption of virtual office solutions among professional services firms, consultancies, and technology companies aiming to expand their geographic reach and tap into new customer segments. As digital transformation initiatives gain momentum, the integration of virtual office platforms with enterprise resource planning (ERP), customer relationship management (CRM), and cybersecurity solutions is becoming increasingly prevalent, creating new avenues for market expansion.

From a regional perspective, North America continues to dominate the virtual office space market, accounting for the largest share in 2024, followed closely by Europe and the Asia Pacific. The United States, Canada, the United Kingdom, Germany, and Australia are at the forefront of virtual office adoption, owing to their mature digital infrastructure, high internet penetration rates, and progressive work culture. Meanwhile, emerging economies in Asia Pacific and Latin America are witnessing rapid growth, driven by increasing digitalization, urbanization, and the proliferation of small businesses. The Middle East and Africa are also experiencing steady uptake, supported by government-led digital transformation initiatives and the rising popularity of coworking spaces. Overall, the market is poised for sustained expansion as organizations worldwide continue to embrace flexible and innovative workspace solutions.

Component Analysis

The virtual office space market is segmented by component into software and services, each playing a vital role in shaping the overall market landscape. The software segment encompasses a wide array of digital tools and platforms that enable virtual collaboration, communication, and workflow management. These solut

As of the second quarter 2025, New York had *** of the highest construction costs for prime offices in the United States, at over *** U.S. dollars per square foot on average. In addition to the 541-meter One World Trade Center building, New York City also had some of the tallest skyscrapers in the United States. What element affect construction costs? Location and topography have a big impact on construction costs, for example, earthquake-prone zones have more stringent building requirements which will affect cost of materials, supplies, and labor. Increased interest in sustainability has also prompted sustainable certification across the country, most noticeably as LEED-registered offices. Slow growth of the office construction segmentThe value of new private office construction in the U.S. has kept rising in the past years, but at a slower rate than before 2019. The changes in the way people work, with part of the workforce working from home at least part of their week might have hindered investment in office real estate.

The commercial property remodeling industry has faced a complex landscape shaped by fluctuating demands and evolving market dynamics. High office rental vacancies have hindered the performance of commercial remodelers, as the office market is the largest market they serve. Remote and hybrid work environments have driven office vacancies to substantial levels, depressing the remodeling demand in office spaces. Despite this, some construction activities have persisted because of efforts to lure employees back to the workplace. Industry revenue has been decreasing at a CAGR of 0.6% over the past five years to total an estimated $39.9 billion in 2025, including an estimated 0.4% increase in 2024. Over the past five years, commercial remodelers have experienced a slow growth trajectory, with notable declines in profit. Labor shortages have been a critical factor, pushing up wages and subcontracted labor costs. The industry's reliance on subcontracted labor has intensified the impact of these shortages, affecting profit. However, energy-efficient systems and equipment upgrades have been a bright spot, driven by tax incentives. These projects, aligned with energy standards, have offered a vital outlet for growth. Yet, increased price-based competition has emerged amid sluggish growth and rising numbers of remodelers, making it hard to transfer elevated costs onto customers. The emphasis on new warehouse and data center construction over renovations has further limited growth opportunities in the fastest-growing commercial markets over the past five years. Looking forward, commercial remodelers may find growth potential in converting office spaces to other commercial uses. Federal Reserve rate cuts could eventually stimulate larger-scale projects, though high rates currently favor smaller, more profitable remodels. Disaster repair services and hotel construction are poised to bolster demand, especially in disaster-prone areas. Tariffs remain a significant concern, threatening profit and project timelines with material cost volatility. Contracts with price escalation clauses might offer some protection. While challenges persist, strategic focus on emerging opportunities and market-specific demands could pave the way for moderate growth over the next five years. Industry revenue is forecast to increase at a CAGR of 2.0% to total an estimated $44.1 billion through the end of 2030.

The managed office space market is experiencing robust growth, driven by the increasing demand for flexible and cost-effective workspace solutions among startups, small businesses, and large enterprises. The shift towards remote and hybrid work models, coupled with a desire for enhanced productivity and collaboration, fuels this expansion. The market's segmentation reflects this diversity, with flexible lease options gaining significant traction due to their adaptability to evolving business needs. Long-term leases remain relevant, particularly for established businesses with consistent space requirements. Key players like Regus, IWG, and Servcorp are consolidating their market share through strategic acquisitions and expansions, while smaller, agile providers are focusing on niche markets and specialized services. North America and Europe currently dominate the market, but significant growth potential exists in Asia-Pacific and other emerging economies, particularly as these regions experience rapid urbanization and economic development. The market is projected to reach a substantial value, driven by a Compound Annual Growth Rate (CAGR) of approximately 12% from 2025 to 2033. This growth is expected to be relatively consistent, with slight variations based on economic cycles and regional fluctuations. While the market exhibits strong growth potential, several challenges exist. Competition among providers remains intense, requiring continuous innovation and strategic differentiation. Economic downturns can impact demand, particularly among smaller businesses. Furthermore, maintaining consistent occupancy rates and managing operational costs effectively are key challenges for managed office providers. Technological advancements, including the integration of smart building technologies and digital workplace solutions, will shape the future of the managed office sector, creating opportunities for providers to enhance their offerings and attract clients. Successfully navigating these factors will be crucial for long-term success in this dynamic market.

The global office moving market, a significant segment within the broader commercial relocation sector, is experiencing robust growth driven by several key factors. Increased urbanization and the expansion of businesses, particularly in burgeoning technology hubs and rapidly developing economies, are fueling demand for efficient and reliable office relocation services. The trend towards flexible workspaces and co-working environments, while initially seeming disruptive, actually contributes to the market's growth as businesses frequently adjust their space needs, requiring frequent moves. Furthermore, the increasing emphasis on employee experience and productivity necessitates seamless and well-managed office relocations, minimizing disruption and ensuring a smooth transition. The market is segmented by various factors, including the type of move (local vs. long-distance) and industry served (IT, finance, manufacturing, etc.). While precise market size figures are unavailable, a reasonable estimation, given a global moving market size (including residential) and considering the office move segment's significant contribution, would place the 2025 market value for office moves around $15 billion. Assuming a conservative CAGR of 5%, the market is projected to reach approximately $20 billion by 2030. Several challenges hinder the market's growth. Economic downturns can lead to reduced business expansion and relocation activity. Fluctuations in fuel prices and labor costs directly impact operating expenses for moving companies, potentially squeezing profit margins. Competition is intense, with a large number of players ranging from large multinational corporations to smaller, regional providers. Differentiation is crucial for success, often achieved through specialized services, technological innovations (such as online booking platforms and real-time tracking), and a focus on superior customer service. The geographic distribution reflects global economic activity, with North America and Europe accounting for a significant share of the market due to established business infrastructure and higher relocation frequency. However, rapidly developing economies in Asia-Pacific and other regions are experiencing substantial growth in demand, presenting lucrative opportunities for market expansion.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

Comprehensive dataset of 22 Virtual office rentals in Wisconsin, United States as of August, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.