Commercial property prices in the U.S. increased plateaued in 2023 after a period of rapid growth between 2014 and 2021. In the third quarter of 2023, the commercial property price index equaled 207.61 index points, reflecting a double increase in prices since 2010, which was the baseline year for the index. How have prices of different property types developed over the past years? After more than a decade of uninterrupted growth, office real estate prices started to decline in 2022, reflecting a decline in occupier demand and a tougher lending environment. Industrial real estate prices, which have grown rapidly over the past few years, also experienced a correction in late 2022. Retail real estate prices displayed most resilience amid the difficult economic environment, with the equal weighed repeat sales index remaining stable. How much is invested in new commercial properties? The value of commercial real estate construction has been on the rise since 2010 in the United States. This trend mirrors the recovery seen across all economic sectors after the 2007-2009 recession. However, investment volumes in commercial property vary by type, with private office space, warehouses, and retails reading the pack.

Commercial Real Estate Prices for United States was -8.92543 % Chg. from Yr. Ago in January of 2024, according to the United States Federal Reserve. Historically, Commercial Real Estate Prices for United States reached a record high of 15.91993 in April of 2006 and a record low of -30.40094 in October of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Commercial Real Estate Prices for United States - last updated from the United States Federal Reserve on March of 2025.

In the third quarter of 2024, the commercial property price index in Japan stood at 141.8, down from 142.4 index points in the previous quarter.The commercial property price index comprises offices, warehouses, factories, apartment buildings, and commercial and industrial land.

During the considered period, the commercial property price index in Portugal reached its lowest value in 2013 at 93.15. From then on, this index continuously rose, reaching 135.47 in 2023. This value was the highest during the period considered, with the base year 2015 equaling 100.

Germany Commercial Property Market Index: 127 Cities data was reported at 127.680 1990=100 in 2019. This records an increase from the previous number of 123.710 1990=100 for 2018. Germany Commercial Property Market Index: 127 Cities data is updated yearly, averaging 101.500 1990=100 from Dec 1990 (Median) to 2019, with 30 observations. The data reached an all-time high of 127.680 1990=100 in 2019 and a record low of 93.330 1990=100 in 2004. Germany Commercial Property Market Index: 127 Cities data remains active status in CEIC and is reported by Bulwiengesa AG. The data is categorized under Global Database’s Germany – Table DE.EB004: Property Market Index.

As of the second quarter of 2024, the commercial property price index in Indonesia stood at 103.95, indicating an increase compared to previous quarters. In the third and fourth quarter of 2020, the real estate market for office areas and buildings experienced a decline due to the COVID-19 crisis.

Commercial real estate prices in Europe plummeted in 2023 as uncertainty due to macroeconomic headwinds and tighter monetary policy continued to suppress investor sentiment and transaction volume. The office sector was most severely affected, with property prices declining by nearly 8.5 percent year-on-year as of October 2024, according to Green Street's pan-European commercial property price index. The index measures the development of commercial real estate prices across 25 of the most liquid property markets in Europe, with August 2007 as a base month and an index value of 100. In May 2023, commercial real estate prices declined by approximately 26 percent, which was the largest year-on-year decrease recorded.

Indonesia Commercial Property Price Index: YoY: Denpasar Municipality: Office data was reported at 15.447 % in Mar 2020. This records an increase from the previous number of 10.078 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Denpasar Municipality: Office data is updated quarterly, averaging -3.106 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 19.254 % in Jun 2017 and a record low of -29.688 % in Jun 2018. Indonesia Commercial Property Price Index: YoY: Denpasar Municipality: Office data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF003: Commercial Property Price Index: YoY.

The Outlook of the Australian Commercial Property Market Report is Segmented by Type (office, Retail, Industrial and Logistics, Hospitality, and Other Types) and by Key Cities (Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Indonesia Commercial Property Price Index: YoY: Surabaya Municipality: Office data was reported at 1.726 % in Mar 2020. This records a decrease from the previous number of 2.681 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Surabaya Municipality: Office data is updated quarterly, averaging -5.264 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 21.185 % in Mar 2017 and a record low of -9.684 % in Dec 2018. Indonesia Commercial Property Price Index: YoY: Surabaya Municipality: Office data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF003: Commercial Property Price Index: YoY.

Indonesia Commercial Property Price Index: Palembang Municipality: Warehouse Complex data was reported at 101.306 2017=100 in Mar 2020. This stayed constant from the previous number of 101.306 2017=100 for Dec 2019. Indonesia Commercial Property Price Index: Palembang Municipality: Warehouse Complex data is updated quarterly, averaging 99.291 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 104.671 2017=100 in Jun 2017 and a record low of 95.329 2017=100 in Dec 2017. Indonesia Commercial Property Price Index: Palembang Municipality: Warehouse Complex data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF001: Commercial Property Price Index: by Cities.

Indonesia Commercial Property Price Index: YoY: Balikpapan Municipality: Hotel data was reported at -11.401 % in Mar 2020. This records a decrease from the previous number of 2.954 % for Dec 2019. Indonesia Commercial Property Price Index: YoY: Balikpapan Municipality: Hotel data is updated quarterly, averaging 1.894 % from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 20.794 % in Dec 2018 and a record low of -11.401 % in Mar 2020. Indonesia Commercial Property Price Index: YoY: Balikpapan Municipality: Hotel data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF003: Commercial Property Price Index: YoY.

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

The commercial statistics were compiled from information in caveats lodged at the option stage with the Singapore Land Registry. A caveat is normally lodged by a purchaser to protect his/her interest of a property shortly after the option to purchase is exercised. The prices in 1998-Q4 are used as the base reference price of the index (i.e. the index for 1998-Q4 assumes a value of 100).The indices are compiled based on a Moving Average weight method, whereby the value of properties transacted in the past 12 quarters are used as weights.

The Report Covers UK Commercial Property Market Forecast and Size. The Market is Segmented by Type (Office, Retail, Industrial, Logistics, Hospitality, and Multi-Family) and by Key City and Region (England, Wales, Northern Ireland, Scotland, London (City), and Rest of the United Kingdom).

Indonesia Commercial Property Price Index: Surabaya Municipality data was reported at 99.846 2017=100 in Mar 2020. This records a decrease from the previous number of 99.870 2017=100 for Dec 2019. Indonesia Commercial Property Price Index: Surabaya Municipality data is updated quarterly, averaging 99.870 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 100.390 2017=100 in Mar 2017 and a record low of 99.591 2017=100 in Dec 2017. Indonesia Commercial Property Price Index: Surabaya Municipality data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF001: Commercial Property Price Index: by Cities.

The report covers Commercial Property Management Statistics and is segmented by Type (Offices, Retail, Industrial and Logistics, Multi-family, and Hospitality) and by Geography (Asia-Pacific, North America, Europe, Middle-East and Africa, and Latin America). The report offers market size and forecasts for the commercial real estate market in value (USD billion) for all the above segments.

Graph and download economic data for Producer Price Index by Industry: Insurance Agencies and Brokerages: Sale of Commercial Property and Casualty Insurance (PCU524210524210102) from Dec 2002 to Feb 2025 about property-casualty, brokers, agency, insurance, commercial, sales, PPI, industry, inflation, price index, indexes, price, and USA.

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Europe Commercial Real Estate Market Size 2025-2029

The Europe commercial real estate market size is forecast to increase by USD 91.4 billion at a CAGR of 5.7% between 2024 and 2029.

The European commercial real estate market is experiencing significant growth, with increasing private investment flowing into the region. This trend is driven by a number of factors, including the economic stability of European countries, attractive yields compared to other global markets, and the continued demand for urban space. However, this growth is not without challenges. 
One major concern is the rising interest rates, which have the potential to increase borrowing costs for investors and potentially dampen demand. Despite this, opportunities abound for companies seeking to capitalize on the market's dynamics. For instance, there is a growing demand for sustainable real estate, as well as a shift towards alternative asset classes such as student housing, healthcare real estate, and hospitality real estate.
To navigate this complex landscape effectively, companies must stay informed of the latest trends and challenges, and be prepared to adapt their strategies accordingly. Overall, the European commercial real estate market offers significant opportunities for growth, but also requires a strategic and agile approach to succeed.

What will be the Size of the Europe Commercial Real Estate Market during the forecast period?

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The European commercial real estate market encompasses a diverse landscape of travel-restriction resilient sectors, including warehouses and fulfillment centers catering to the in e-commerce spending. Urbanization continues to drive demand for adaptable office spaces in metro cities, with a growing emphasis on sustainable designs and technology-driven solutions. The commercial sector is undergoing digitalization, with brokers and managers leveraging media portals to streamline transactions and enhance client experiences. The hybrid work model is shaping office occupancy trends, as middle-class consumers and the working-age population adapt to flexible work arrangements. Foreign investments remain strong, particularly in sectors like logistics and data centers.
Vacancy rates, rental rates, absorption rates, and property valuations are closely monitored indicators of market health. Architects and engineers are tasked with designing spaces that accommodate the evolving needs of businesses, from flexible layouts to energy efficiency. Overall, the European commercial real estate market exhibits activity and growth, with trends leaning towards digitalization, sustainability, and adaptability.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Rental
  Lease
  Sales


End-user

  Offices
  Retail
  Leisure
  Others


Geography

  Europe

    France
    Germany
    Italy
    UK

By Type Insights

The rental segment is estimated to witness significant growth during the forecast period. The European commercial real estate market is experiencing a significant shift, with the rental segment leading the way in 2024. Office rental growth in Europe accelerated to 1.8% quarter-on-quarter in Q3 2022, resulting in an annual increase of over 5%. Notably, the UK, Benelux markets, and peripheral Europe experienced the highest growth rates. However, investment markets are showing caution, as buyers hesitate to pay earlier price levels due to economic uncertainties, inflation, and finance rates. Urbanization and social distancing measures continue to impact commercial real estate, driving the need for adaptable office spaces and sustainable designs. The commercial sector is also undergoing digitalization, with technology-driven solutions, smart building technology, and data analytics gaining popularity.

Additionally, e-commerce spending and changing customer behavior are leading to increased demand for warehouses, fulfillment centers, and logistics facilities. The Middle-class consumers and the working-age population's digitization of work further fuel the demand for managed office facilities, collaborative spaces, and digital infrastructure. Key trends include hybrid work patterns, energy-efficient features, green building certifications, and sustainable construction methods.

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The rental segment was valued at USD billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

The Europe commercial real estate market is diverse, encompassing a wide range of property types, from office space leasing to industrial warehouse sites. Retail property deals and urban retail units remain a signifi

Indonesia Commercial Property Price Index: Denpasar Municipality data was reported at 89.038 2017=100 in Mar 2020. This records a decrease from the previous number of 106.212 2017=100 for Dec 2019. Indonesia Commercial Property Price Index: Denpasar Municipality data is updated quarterly, averaging 102.939 2017=100 from Mar 2017 (Median) to Mar 2020, with 13 observations. The data reached an all-time high of 107.411 2017=100 in Sep 2018 and a record low of 89.038 2017=100 in Mar 2020. Indonesia Commercial Property Price Index: Denpasar Municipality data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Indonesia Premium Database’s Construction and Properties Sector – Table ID.EF001: Commercial Property Price Index: by Cities.