Graph and download economic data for Commercial Real Estate Prices for United States (COMREPUSQ159N) from Q1 2005 to Q1 2025 about real estate, commercial, rate, and USA.

In 2024, the estimated value of the global commercial real estate market was over **** trillion U.S. dollars, up from **** trillion U.S. dollars the year before. The North America region had the largest market size, valued at over ** trillion U.S. dollars, slightly higher than Asia-Pacific and Europe, Middle East, and Africa (EMEA). What is the market size of listed commercial real estate? The listed real estate market comprises real estate companies that are traded on stock exchanges and varies across different regions. In 2023, the size of the listed real estate market was about *** trillion U.S. dollars, with the North America region comprising the largest share. Which real estate sector is most popular for investment? Real estate has earned itself a good name as an investment vehicle among Ultra-High-Net-Worth Individuals (UHNWIs). In 2024, some of the real estate sectors increasingly attracting UHNWI’s interest were healthcare and education properties.

The US Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail, Logistics, Others), by Business Model (Sales, Rental), by End-User (Individuals/Households, Corporates & SMEs, Others), and by Geography (Texas, California, Florida, New York, Illinois, Rest of US). The Market Forecasts are Provided in Terms of Value (USD).

Germany, the UK, and France had the largest commercial real estate markets in Europe in 2024, amounting to almost **** of the European market. The market size is based on the value of high-quality real estate as a percentage of each country’s GDP. In Germany, the market size of commercial real estate was about *** trillion U.S. dollars.  Investment in commercial real estate Although the United Kingdom had a smaller market size than Germany, it recorded a higher commercial real estate investment volume in 2023. Due to the unfavorable economic climate, transaction activity declined markedly that year, affecting the whole region. Many countries, such as Germany, Sweden, and Italy, saw investment plummet by approximately ** percent. Most popular European cities among real estate investors Industry experts consider a broad range of factors when allocating capital to real estate assets. Transport connectivity and a city’s economic performance, however, stood out as most important, according to a 2023 survey. Unsurprisingly, the capital cities of the UK, Spain, and France ranked as the European cities with the highest real estate prospects in 2025.

The Commercial Real Estate Market Size Report is Segmented by Property Type (Offices, Retail, Logistics and More), by Business Model (Sales, Rental), by End-User (Individuals / Households, Corporates & SMEs and More) and by Region (North America, South America, Europe, Asia-Pacific & Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The United States, Canada, and Brazil were the largest commercial real estate markets in the Americas region in 2024. As of the last month of 2024, the value of commercial real estate in the United States was estimated at nearly **** trillion U.S. dollars. In Brazil, this figure stood at ***** billion U.S. dollars.

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.

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Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is forecast to increase by USD 427.3 billion, at a CAGR of 4.6% between 2024 and 2029. The market is experiencing significant growth, fueled by increasing marketing initiatives and the rising emphasis on remote work and online shopping.

Major Market Trends & Insights

APAC dominated the market and accounted for a 42% share in 2023. The market is expected to grow significantly in North America region as well over the forecast period. Based on the End-user, the offices segment led the market and was valued at USD 514.30 billion of the global revenue in 2023. Based on the Channel, the rental segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 1682.10 Billion Future Opportunities: USD 427.3 Billion CAGR (2024-2029): 4.6% APAC: Largest market in 2023

The market continues to evolve, with dynamic market activities unfolding across various sectors. Environmental impact assessments are increasingly crucial in property development, shaping the design and construction process. Tenant representation plays a pivotal role in securing suitable spaces for businesses, while 3D modeling facilitates effective space planning and data visualization. Due diligence is an ongoing process, ensuring compliance with legal and regulatory requirements. Property tax assessments, vacancy rates, and property management are essential components of commercial real estate investment strategies. Distressed properties present opportunities for joint ventures and strategic investments, while interior design and machine learning contribute to enhancing tenant experience and optimizing building performance.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Investment properties, industrial properties, and urban planning strategies benefit from big data analytics and virtual tours, enabling informed decision-making. Commercial mortgages and brokerage services facilitate the buying and selling of properties, while occupancy costs and building codes ensure operational efficiency and safety. The market is a complex, ever-changing landscape, with continuous market dynamics shaping its various sectors. From environmental impact assessments to tenant representation, property management, and investment strategies, the integration of various components is essential for success in this dynamic industry. The retail segment is the second largest segment of the end-user and was valued at USD 257.50 billion in 2023.

This trend is transforming the commercial real estate landscape, with a shift towards adaptive spaces that cater to the evolving needs of businesses and consumers. The increasing adoption of marketing strategies, such as digital marketing and experiential retail, is driving demand for commercial properties that can effectively showcase brands and create memorable customer experiences. Additionally, the shift towards remote work and online shopping is leading to a surge in demand for data centers, logistics facilities, and flexible office spaces.

However, this market is not without challenges. The rapid pace of technological advancements and changing consumer preferences pose significant obstacles for commercial real estate developers and investors. The need to adapt to these shifts and stay competitive requires a deep understanding of market trends and the ability to pivot quickly. Furthermore, regulatory changes and economic instability can also impact the market's growth trajectory. To capitalize on the opportunities and navigate the challenges effectively, companies must stay informed about the latest market trends and consumer preferences. Investing in technology and innovation, while also maintaining flexibility and adaptability, will be key to success in the evolving the market.

How is this Commercial Real Estate Industry segmented?

The commercial real estate industry 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.

End-user

Offices Retail Leisure Others

Channel

Rental Lease Sales

Transaction Type

Commercial Leasing Property Sales Property Management

Service Type

Brokerage Services Property Development Valuation Consulting Facilities Management

Geography

North America

US Canada

Europe

France Germany Italy UK

Middle East and Africa

Egypt KSA Oman UAE

APAC

China India Japan

South America

Argentina Brazil

Rest of World (ROW)

By End-user Insights

The offices segment is estimated to witness significant growth during the forecast pe

Commercial Real Estate Prices for United States was -10.47280 % Chg. from Yr. Ago in July of 2024, according to the United States Federal Reserve. Historically, Commercial Real Estate Prices for United States reached a record high of 16.13922 in April of 2006 and a record low of -30.24535 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 August of 2025.

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Europe Commercial Real Estate Market Size 2025-2029

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. European commercial real estate market is experiencing significant growth, with increasing private investment pouring into the sector. The primary catalyst fueling market growth is the increasing aggregate private investment.This trend is driven by a robust economic environment, favorable demographic shifts, and the ongoing recovery from the COVID-19 pandemic.

Market Size & Forecast

  Market Opportunities: USD 31.78 billion
  Future Opportunities: USD 91.4 billion 
  CAGR : 5.7%  

However, this growth comes with challenges,rising interest rates pose a threat to affordability and profitability, potentially dampening investor enthusiasm and increasing borrowing costs. As a result, companies must navigate this complex landscape by carefully assessing potential investment opportunities, considering alternative financing options, and adapting to changing market conditions. In order to capitalize on the market's potential and mitigate risks, strategic planning and agility will be essential for success.

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

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European commercial real estate market continues to evolve, presenting dynamic opportunities across various sectors. Property risk assessment and building inspection reports play crucial roles in mitigating potential hazards, ensuring compliance with safety standards. Property tax appeals and portfolio diversification help investors minimize risk and maximize returns. Facility management services, property valuation techniques, and property value metrics enable effective asset management. Data-driven investment strategies, including transaction closing costs, space planning solutions, and development approval processes, facilitate informed decision-making. Capital expenditure planning, portfolio optimization, operating expense control, lease contract review, energy consumption audits, and commercial lease terms are essential for maintaining profitability.
For instance, the adoption of energy management systems in commercial buildings has led to a 10% average reduction in energy consumption, contributing to cost savings and environmental sustainability. Commercial real estate market is expected to grow by 3% annually, driven by these evolving trends and the ongoing demand for efficient, sustainable, and compliant properties.

How is this Europe Commercial Real Estate Market segmented?

Europe commercial real estate market market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029,for the following segments.

Type

  Rental
  Lease
  Sales


End-user

  Offices
  Retail
  Leisure
  Others


End-User

  Corporate
  Investment
  Government


Location

  Urban
  Suburban


Geography

  Europe

    France
    Germany
    Italy
    UK

By Type Insights

The rental segment is estimated to witness significant growth during the forecast period. European commercial real estate market is characterized by dynamic lease renewal negotiations, construction project management, and insurance considerations for green building certification and property refurbishment costs. Zoning regulations compliance and vacancy loss calculations are crucial elements in property acquisition strategy, while property tax optimization and valuation models inform building lifecycle cost analyses. Property management software and tenant occupancy rates are essential for portfolio performance metrics, and market rent surveys guide tenant retention strategies. Portfolio risk management, building code compliance, property data analytics, and rental income projections are integral to asset management strategies. Due diligence processes and capitalization rate analysis are vital during urban planning regulations and space utilization analysis.

In the rental segment, growth is expected to reach over 5% annually, with office rents in the UK, Benelux markets, and peripheral Europe experiencing the highest quarterly growth of 1.8%. However, investment markets remain cautious due to economic uncertainties and rising inflation and finance rates, despite the leasing market's strength and increasing rents. For instance, rental income in the office sector in Paris grew by 3.5% in 2021, reaching €1,122 per square meter per year.

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Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

European commercial real estate market continues to be a significant global investment destina

Commercial Real Estate Market Outlook

According to our latest research, the global commercial real estate market size reached USD 36.5 trillion in 2024, reflecting the robust expansion of the sector. The market is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033, resulting in a forecasted market size of USD 60.1 trillion by 2033. This growth is primarily driven by increasing urbanization, rapid infrastructure development, and the rising demand for flexible workspaces and logistics hubs worldwide. As per our latest research, the sector continues to attract substantial investments due to evolving business needs and technological advancements that are reshaping the way commercial properties are developed, managed, and utilized.

One of the principal factors fueling the commercial real estate market growth is the accelerating pace of urbanization, particularly in emerging economies across Asia Pacific and Latin America. As more people migrate to urban centers, there is a surging need for office spaces, retail outlets, and multifamily residential complexes. This urban influx is also driving demand for hospitality and industrial properties, as businesses strive to cater to the needs of growing city populations. Moreover, governments are investing heavily in infrastructure, public transport, and smart city initiatives, all of which positively impact the commercial real estate sector by enhancing property values and encouraging further development.

Technological innovation is another key growth driver in the commercial real estate market. The adoption of advanced property management systems, data analytics, and artificial intelligence has enabled property owners and managers to optimize building performance, reduce operational costs, and enhance tenant experiences. Additionally, the integration of smart building technologies, such as IoT-enabled sensors and automated energy management systems, is becoming increasingly prevalent. These advancements not only improve efficiency but also contribute to sustainability goals, which is an important consideration for both investors and tenants in todayÂ’s environmentally conscious market landscape.

Changing work patterns and consumer behaviors are also shaping the future of the commercial real estate market. The rise of hybrid and remote work models has led to a transformation in office space requirements, with businesses seeking more flexible and adaptive environments. Similarly, the explosive growth of e-commerce has fueled demand for industrial and logistics properties, particularly in key urban and suburban locations. The hospitality segment is experiencing a resurgence as travel restrictions ease and business and leisure travel rebound. Collectively, these trends are fostering a dynamic and resilient commercial real estate market that is well-positioned for sustained growth over the coming decade.

The concept of Retail Real Estate Finance has gained significant traction as retailers and investors alike seek innovative ways to optimize their real estate portfolios. This financial strategy involves leveraging retail properties to secure funding for expansion, renovation, or operational improvements. By utilizing retail real estate as collateral, businesses can access capital while maintaining ownership of their assets. This approach not only supports growth initiatives but also enhances financial flexibility in a competitive market. As retail environments evolve, the ability to finance real estate strategically becomes crucial for sustaining profitability and adapting to changing consumer behaviors.

Regionally, the commercial real estate market exhibits distinct patterns of growth and development. North America remains a dominant force, driven by strong demand in the United States and Canada for office, industrial, and multifamily properties. Asia Pacific, however, is emerging as the fastest-growing region, propelled by rapid economic development, urbanization, and a burgeoning middle class. Europe maintains steady growth, supported by stable economies and ongoing investments in sustainable building practices. Meanwhile, Latin America and the Middle East & Africa are witnessing increased activity due to infrastructure investments and favorable government policies. This regional diversity underscores the global nature of the commercial real

The Global Commercial Real Estate industry has declined over the past five years. Specifically, investor confidence slightly declined over the same period as COVID-19 severely constricted demand. As a result, industry revenue is expected to slightly decline an annualized 2.5% to $4.3 trillion over the five years to 2023, including an anticipated increase of 1.6% in 2023 as the economy recovers from the coronavirus pandemic.The growth of a country's economy tends to boost industry revenue since business expansions and higher consumer spending often creates demand for industry services, such as office leasing, sales and brokerage services. The strong expansion of Asian economies through investments and increasing consumer spending have aided revenue growth over much of the current period. However, this industry is dominated by developed economies and, consequently, the global industry's direction is swayed by these regions' economic performance. Political tensions in these markets have affected the level of investment since investors can be discouraged when uncertainty in economic outlooks rises. As a result, the industry is susceptible to turmoil that has a global reach, such as trade conflicts and pandemics. This has contributed to a slight revenue decline during the current period. Consequently, the average industry profit margin has narrowed due to the coronavirus pandemic. More specifically, in 2020, the average industry profit margin, measured as earnings before interest and taxes, dipped to 6.8% in 2023.The industry will rebound over the next five years as investor uncertainty shrinks as the threat of the coronavirus pandemic wanes. Increasing aggregate private investment and consumer spending will drive industry revenue growth as they fuel the expansion of business and retail operations. The global commercial real estate market will increasingly shift investments toward burgeoning countries, such as India and China, where consistent growth will likely be apparent over the coming years. Overall, industry revenue is forecast to grow an annualized 1.3% to $4.6 trillion over the five years to 2028.

The global commercial real estate market size reached USD 7.5 Trillion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.8 Trillion by 2033, exhibiting a growth rate (CAGR) of 3.08% during 2025-2033. The market is primarily driven by the favorable economic conditions, the emerging trend of urbanization, the rising middle class, the ongoing technological advancements, and the expanding tourism and hospitality sectors.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country level for 2025-2033. Our report has categorized the market based on type and end use.

China's commercial real estate market at the end of 2024 was worth almost as much as the rest of Asia-Pacific combined. As of the last month of 2024, the value of commercial real estate in China was estimated at *** trillion U.S. dollars. In Japan, this figure stood at about *** trillion U.S. dollars.

In 2024, the Commercial Real Estate Market reached a value of $ 6.45 Tn, and projected to surge to $ 8.56 Tn by 2030 with a CAGR of 4.8% from 2025 to 2030

The China Commercial Real Estate Market is Segmented by Property Type (Offices, Retail, Logistics, Others (industrial Real Estate, Hospitality Real Estate)), by Business Model (Sales and Rental), by End-User (Individuals / Households, Corporates & SMEs, Others) and by Cities (Shanghai, Beijing, Shenzhen and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD)

The global commercial real estate valuation services market is poised to reach a value of USD 1,076.5 million by 2033, expanding at a CAGR of 6.8% over the forecast period (2023-2033). The growth of the market is attributed to the increasing demand for commercial real estate due to the expansion of businesses and the need for office spaces, malls, and other commercial properties. The market is also driven by the growing need for accurate and timely valuation services for various purposes such as REIT valuation, mortgage, insurance, and others. The market for commercial real estate valuation services is segmented by type and application. By type, the market is segmented into office buildings, malls, and others. By application, the market is segmented into REIT valuation, mortgage, insurance, and others. Geographically, the market is segmented into North America, South America, Europe, the Middle East & Africa, and Asia Pacific. North America is expected to hold the largest share of the market due to the presence of a large number of commercial real estate properties and the demand for valuation services for various purposes.

global commercial real estate market size was worth around USD 118.60 trillion in 2024 and is predicted to grow to around USD 142.88 trillion by 2034, (CAGR) of roughly 1.88%

The Mexico Commercial Real Estate Market is Segmented by Property Type (Office, Retail, Logistics, and More), by Business Model (Sales and Rental), by End User (Individuals / Households, Corporates and SMEs and More), and by States (Mexico City (CDMX), Nuevo León, Jalisco, Querétaro, México State (Edomex) and Rest of Mexico). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

The US commercial real estate (CRE) market, valued at $1.66 trillion in 2025, is projected to experience steady growth, driven by several key factors. Strong economic fundamentals, including a robust job market and increasing demand for office, retail, and industrial space in major metropolitan areas like New York, Los Angeles, and Chicago, contribute to this positive outlook. The ongoing expansion of e-commerce fuels the demand for logistics and warehousing facilities, while the multi-family sector benefits from population growth and urbanization trends. However, rising interest rates and potential economic slowdown pose challenges, potentially impacting investment activity and rental growth. The diverse range of property types within the CRE market creates opportunities and risks. Office space faces ongoing adaptation to hybrid work models, requiring landlords to enhance amenities and improve workplace flexibility. Retail spaces are undergoing transformation, with a focus on experiential retail and omni-channel strategies to compete with online retailers. The industrial and logistics sector remains strong, driven by continued e-commerce growth and supply chain optimization efforts. Competition among CRE companies like Zillow, Keller Williams, and CBRE remains fierce, emphasizing the need for innovation in property management and technological advancements in market analysis and transaction processes. While several cities experience robust growth, others might face localized challenges that influence individual market dynamics. The overall trajectory suggests a moderate expansion, albeit with variations across sectors and geographic locations. Careful consideration of these factors is crucial for successful investment and strategic decision-making within the US CRE industry. The forecast period of 2025-2033 suggests a continuation of these trends. While the 2.61% CAGR indicates a moderate growth rate, significant variations are expected across specific segments. The industrial and logistics sectors are likely to outperform others due to sustained demand, while office space may exhibit slower growth reflecting the ongoing adjustments to hybrid work. Regional variations will also be significant, with major metropolitan areas and technology hubs likely leading the growth trajectory. Understanding these nuances and deploying appropriate risk mitigation strategies will be vital for all stakeholders in the US commercial real estate market. This comprehensive report provides an in-depth analysis of the USA commercial real estate industry, covering the period from 2019 to 2033. With a focus on key market segments – offices, retail, industrial, logistics, multi-family, and hospitality – across major cities like New York, Los Angeles, Chicago, San Francisco, Boston, Denver, Houston, Phoenix, Atlanta, and Salt Lake City, this report offers invaluable insights for investors, developers, and industry professionals. The study utilizes 2025 as the base and estimated year, with a forecast period spanning 2025-2033 and a historical period covering 2019-2024. This report projects the market value in the billions of dollars, providing granular data and analysis of market dynamics. Key drivers for this market are: Increasing number of startups. Potential restraints include: Low Awareness and Privacy Issues. Notable trends are: Industrial Sector Expected to Record High Demand.