Freestanding retail real estate in the United States had the highest occupancy rate in the fourth quarter of 2024, at **** percent. This was *** percent higher than the average for the retail real estate sector. Malls, life centers and outlet centers had the highest vacancy, with **** percent of space occupied.
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Commercial leasing providers serve as lessors of buildings for nonresidential purposes. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it and establishments that provide full-service office space. Through the end of 2025, lessors have experienced mixed demand from critical downstream market segments. Since the onset of COVID-19, demand for office space has been volatile amid work-from-home and hybrid work arrangements. However, demand for industrial and retail spaces has risen, bolstered by gaining e-commerce sales and resilient consumer spending, buoying industry revenue. Over the past five years, industry revenue has climbed at a CAGR of 0.6% to reach $257.5 billion, including an estimated 0.7% gain in 2025. From 2020 to 2022, commercial leasing companies benefited from low interest rates, stimulating business expansion. However, in response to surging inflation, the Federal Reserve began raising interest rates in 2022 and continued into 2023. Rising interest rates translated into higher borrowing costs for tenants seeking new leases for their business operations. This can make expanding or relocating to a larger space more expensive. The industry benefited from three interest rate cuts in 2024. Industry profit remains high, reaching 51.6% of industry revenue in 2025. Industry revenue will climb at a CAGR of 2.6% to $292.9 billion through the end of 2030. Demand for office space will remain subdued over the next five years. However, a shortage of prime office spaces will elevate rent for Class A office buildings, benefiting lessors with those in their portfolios. Per capita disposable income growth and a continuation of climbing consumer spending will bolster demand for retail spaces, especially in suburban and Sun Belt markets. E-commerce sales will continue to power demand for industrial space as the percentage of e-commerce sales to total retail sales will mount.
The vacancy rates of shopping center real estate in the United States varied between different cities. Nashville, TN topped the list with the lowest vacancy rate of *** percent in the final quarter of 2024. At the same time, cities such as Montgomery, AL, Rochester, NY, New Haven, CT, saw vacancy rates above **** percent. Across different types of retail real estate, freestanding retail had the highest occupancy rate in 2024.
In the second quarter of 2023, the average occupancy rate of retail space in suburban areas in Bangkok Metropolitan Region accounted for **** percent, which indicated no difference compared to the first quarter of 2023. From the second quarter of 2020 to the second quarter of 2023, the average occupancy rate of retail space in suburban areas was slightly steady.
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Retail property operators in Australia have endured highly volatile trading conditions over the past five years, as shifting consumer preferences and economic volatility have shaped a turbulent landscape. The rapid rise of ecommerce has contributed to a steady decline in demand for traditional retail space, prompting tenants to reassess their store portfolios and, in many cases, reduce their physical footprints. Segmentation across the market has increased: many prime locations have remained in high demand, supported by resilient consumer traffic, while secondary and legacy centres have faced elevated vacancies and downwards pressure on leasing terms. Major operators like Scentre Group have concentrated capital expenditure on refurbishments, sustainability initiatives and large-scale premiumisation, reinforcing their appeal to top-tier tenants seeking modern, energy-efficient premises and amenities. Overall, industry revenue is expected to have risen at an annualised 2.3% over the past five years to total $37.2 billion in 2024-25, when revenue is anticipated to grow 2.4%. High interest rates and cost-of-living pressures have influenced the industry’s performance, as consumers have reined in discretionary spending and retailers have hesitated to expand. These headwinds have made asset quality and operational excellence critical. Upgraded centres with strong anchor tenants (like major supermarkets Coles and Woolworths) and strategic locations continue to attract healthy tenant demand, in contrast to weaker performing assets, which have been exposed to persistent vacancies. The trend towards omnichannel retailing, with operators integrating click-and-collect and logistics support, has offset challenges related to increased online sales, particularly in lifestyle-oriented suburban centres that have maintained foot traffic and occupancy rates. Meanwhile, operators have been diversifying their income streams – like turnover rents, parking and management services – and leveraging technological efficiencies in property management to support profit margin growth, even as overall conditions remain volatile. Looking ahead, the industry operators will face a more challenging environment. Intensifying ecommerce growth and persistent cost pressures are set to limit broad-based expansion, placing greater emphasis on portfolio quality, tenant retention and adaptable leasing structures. While operators that focus on mixed-use redevelopment and advanced sustainability standards will be better positioned to weather these headwinds, legacy and underinvested properties may face rising vacancies and stiffer competition. Overall, industry revenue is projected to contract at an annualised 1.4% over the five years through 2029-30 to $34.7 billion.
Vacancy rates across the office real estate sector in the U.S. increased in the second quarter of 2025. This was in line with a general trend of rising vacancies that started in 2020 during the COVID-19 pandemic. In the second quarter of 2025, about **** percent of office space across the country was vacant. In some major U.S. markets, vacancies exceeded ***percent. With a considerable part of the workforce working from home or following a hybrid working model, businesses are cautious when it comes to upscaling or renewing leases. Workplaces may never be the same again The COVID-19 pandemic has changed the way that companies operate, with working from home becoming the new normal for many U.S. employees. The function of the office has evolved from the primary workplace to a space where employees collaborate, exchange ideas, and socialize. That has shifted occupiers’ attention toward spaces with modern designs that can accommodate the office of the future. Many businesses used the pandemic time to revisit their office guidelines, remodel, or do a full or partial fit-out. With so much focus on quality, older buildings with poorer design or energy performance are likely to suffer lower demand, resulting in a two-speed market. What do higher vacancy rates mean for investors? Simply put, if landlords do not have tenants, their income stream is disrupted, and they cannot service their debts. April 2023 data shows that several U.S. metros had a significantly high share of distressed office real estate debt. In Charlotte-Gastonia-Concord, NC-SC, more than one-third of the commercial mortgage-backed securities for offices were delinquent, in special servicing, or a combination of both. As of March 2025, offices had the highest delinquency rate in the commercial property sector.
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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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Malaysia Retail Shop Space Occupancy Rate data was reported at 81.300 % in 2017. This records a decrease from the previous number of 81.400 % for 2016. Malaysia Retail Shop Space Occupancy Rate data is updated yearly, averaging 79.700 % from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 86.300 % in 1993 and a record low of 52.100 % in 1992. Malaysia Retail Shop Space Occupancy Rate data remains active status in CEIC and is reported by Valuation and Property Services Department, Ministry of Finance. The data is categorized under Global Database’s Malaysia – Table MY.EB095: Office & Retail Shop Space Statistics: Kuala Lumpur (Annual).
In the second quarter of 2024, the average occupancy rate of retail space in Bangkok Metropolitan Region (BMR) in Thailand accounted for **** percent. The occupancy rate fluctuated during the examined period.
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Australian Commercial Property Market size was valued at USD 55 Billion in 2024 and is projected to reach USD 74 Billion by 2031 growing at a CAGR of 3.6% from 2024 to 2031.
Australian Commercial Property Market Drivers
Population Growth and Immigration Recovery: The growth in Australia's net foreign migration, which is expected to reach 518,000 in the fiscal year ending June 2023, has increased demand for commercial space, particularly in metropolitan regions. Office occupancy rates in CBDs increasing by 12% year on year, demonstrating the direct influence of population expansion on the commercial property market.
E-commerce and Logistics Expansion: Australia's e-commerce expansion, with online retail sales expected to reach USD 55.2 Billion by 2023, has created an unprecedented demand for logistics properties. Industrial vacancy rates have fallen to a historic low of 1.3%, demonstrating the sector's rapid expansion to meet growing warehouse space demands.
Sustainability and Green Building Requirements: Green buildings now account for 44% of Australian office space, up from 30% in 2018. High NABERS-rated buildings (5 stars or more) fetch a 17.9% rental premium, emphasizing the economic advantage of integrating sustainability into commercial property developments.
The vacancy rate of office real estate in the United States was higher than of any other property type in 2025. In the first quarter of the year, approximately ** percent of office real estate was vacant, compared to **** percent of multifamily. Shopping centers and industrial property had the lowest vacancy rates, at *** percent and ***** percent, respectively.
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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
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Commercial Real Estate Market Size 2025-2029
The commercial real estate market size is valued to increase USD 427.3 billion, at a CAGR of 4.6% from 2024 to 2029. Growing commercial sector globally will drive the commercial real estate market.
Major Market Trends & Insights
APAC dominated the market and accounted for a 42% growth during the forecast period.
By End-user - Offices segment was valued at USD 476.50 billion in 2023
By Channel - Rental segment accounted for the largest market revenue share in 2023
Market Size & Forecast
Market Opportunities: USD 43.44 billion
Market Future Opportunities: USD 427.30 billion
CAGR : 4.6%
APAC: Largest market in 2023
Market Summary
The market is a dynamic and ever-evolving sector that continues to shape the global business landscape. Core technologies and applications, such as Building Information Modeling (BIM) and Real Estate Information Systems (REIS), are increasingly being adopted to streamline operations and enhance efficiency. According to a recent report, the BIM market in the real estate sector is projected to grow at a steady pace, reaching a market share of 30% by 2025. Service types and product categories, including property management, brokerage, and construction services, are also experiencing significant changes. For instance, the growing trend of remote work and online shopping is driving demand for flexible and adaptable commercial spaces.
Additionally, regulations and policies are evolving to accommodate these changes, with many governments investing in smart city initiatives and green building standards. Despite these opportunities, the market faces challenges such as economic uncertainty, changing demographics, and increasing competition. However, these challenges also present new opportunities for innovation and growth. For instance, the adoption of proptech solutions and the integration of artificial intelligence and machine learning are transforming the way commercial real estate is bought, sold, and managed. Overall, the market is a complex and dynamic ecosystem that requires constant monitoring and adaptation to stay ahead of the curve.
What will be the Size of the Commercial Real Estate Market during the forecast period?
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How is the Commercial Real Estate Market Segmented and what are the key trends of market segmentation?
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 period.
In the ever-evolving market, the offices segment is experiencing significant growth, driven by shifting work trends and corporate demands. Flexible work arrangements, hybrid models, and technological integration are transforming the need for office space. Businesses prioritize contemporary, adaptable, and technologically advanced workspaces to attract and retain talent. Co-working spaces like Regus and WeWork, which offer flexible office solutions, are gaining popularity. Major corporations, such as Google and Amazon, invest in innovative office designs that foster collaboration and employee satisfaction. According to recent market data, the offices end-user segment is projected to expand by 15% between 2024 and 2028, underscoring the continuous adaptation of workspaces to modern business practices.
Meanwhile, tenant occupancy rates remain a critical concern for commercial property owners. Lease agreement terms, negotiation strategies, and rent collection efficiency are essential factors in maintaining a healthy portfolio. Building lifecycle costs, code compliance, and investment return metrics are other essential considerations for property managers. Environmental impact assessments, construction cost estimating, and property tax appeals are also crucial elements in the market. Property value depreciation, commercial property insurance, and portfolio risk management are essential aspects of property management. Property management software, energy efficiency upgrades, and property tax assessments are key tools for optimizing o
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Singapore Shop Space Occupancy Rate: Public Sector data was reported at 95.080 % in Sep 2018. This records an increase from the previous number of 95.000 % for Jun 2018. Singapore Shop Space Occupancy Rate: Public Sector data is updated quarterly, averaging 94.875 % from Dec 1987 (Median) to Sep 2018, with 124 observations. The data reached an all-time high of 98.340 % in Jun 1993 and a record low of 86.630 % in Mar 1989. Singapore Shop Space Occupancy Rate: Public Sector data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Singapore – Table SG.EB013: Property Occupancy Rate.
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The USA commercial real estate (CRE) industry, valued at $1.66 trillion in 2025, is projected to experience steady growth, with a compound annual growth rate (CAGR) of 2.61% from 2025 to 2033. This growth is driven by several key factors. Increased urbanization and population density in major metropolitan areas continue to fuel demand for office, retail, and industrial spaces. Furthermore, the ongoing expansion of e-commerce is driving significant investment in logistics and warehousing facilities, a trend expected to continue throughout the forecast period. Technological advancements, such as PropTech solutions improving efficiency and transparency in transactions, are also contributing to market expansion. However, the sector faces challenges, including rising interest rates which impact financing costs and potentially dampen investment, and economic uncertainties that can affect tenant demand and occupancy rates. Despite these headwinds, the long-term outlook remains positive, fueled by a robust economy and continued demand for commercial real estate across various sectors. The industry's competitive landscape is characterized by a mix of large national firms and regional players. Key players such as Zumbly, Franklin Street, Crexi, Keller Williams Realty Inc, Simon Property Group, and others, compete for market share through a combination of brokerage services, property management, and investment activities. The segmentation of the market into office, retail, industrial, and multifamily properties allows for specialized expertise and targeted investment strategies. Regional variations in market dynamics exist, with significant growth expected in areas experiencing strong population growth and economic development. The forecast period will likely see further consolidation within the industry, as firms seek economies of scale and expanded service offerings to maintain competitiveness in an increasingly complex market. 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.
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The current commercial real estate market is witnessing significant shifts because of various factors, including housing shortages and changes in office demand. An estimated shortfall of 6.5 million housing units in 14 major countries has increased demand for multifamily housing, pushing households towards renting rather than ownership. This trend is particularly prevalent in younger demographics and new immigrants. This reduction in owner-occupied properties is encouraging demand in certain markets such as Dallas-Fort Worth, New York and Toronto, while others like US Sun Belt cities and select Canadian markets are experiencing softer trends or rent declines. Through the end of 2026, industry revenue has climbed at a CAGR of 3.2% to reach $5.8 trillion, including a gain of 1.0% in 2025 alone. Office demand continues to recover but remains below pre-pandemic levels because of ongoing adjustments in work patterns and companies reassessing their space requirements. While leasing activity is beginning to stabilize, the overall market feels the pressure from the lingering effects of remote and hybrid work. However, prime, amenity-rich buildings in major urban centres are outperforming, in stark contrast to older or less adaptable spaces facing persistent vacancy and diminished appeal. Investors primarily focus on high-quality, well-located office buildings with features conducive to sustainability, wellness and flexible design. Meanwhile, PropTech started asserting its utility, with the US, Singapore and Dubai leading in innovative applications ranging from intelligent property management systems to data-driven market forecasting. Profit has climbed with the incorporation of technology helping commercial real estate companies operate more efficiently. Looking ahead, the global commercial real estate industry will experience transformative trends. The gain of data centers and increased urbanization are two significant factors shaping the market's growth and future potential. Northern Europe, the UK and Asia-Pacific are particularly favorable for data center expansion because of conditions supporting robust power and internet infrastructure. The urban population is projected to reach 80.0% by 2050, increasing demand for housing and commercial spaces, primarily in Global South cities. Incorporation of technological advancements such as AI, IoT, big data and blockchain into commercial real estate operations will add value by improving efficiency, tenant satisfaction and risk management and by opening new business models and revenue streams. Through the end of 2030, industry revenue will expand at a CAGR of 1.3% to reach $6.2 trillion.
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According to our latest research, the global Occupancy Sensing for Retail market size reached USD 2.18 billion in 2024, driven by surging demand for data-driven retail operations and enhanced customer experience. The market is expected to grow at a robust CAGR of 13.7% during the forecast period, reaching an estimated USD 6.42 billion by 2033. This growth is primarily fueled by the adoption of advanced sensor technologies, the proliferation of smart retail environments, and the increasing focus on optimizing energy usage and operational efficiency within retail spaces. As per our latest research, the market’s expansion is underpinned by the convergence of IoT, artificial intelligence, and real-time data analytics, which are transforming the retail landscape globally.
One of the primary growth factors propelling the Occupancy Sensing for Retail market is the rapid advancement of sensor technologies such as infrared, ultrasonic, and image-based solutions. Retailers are increasingly leveraging these technologies to gain real-time insights into foot traffic, customer behavior, and space utilization. This heightened awareness allows for more effective merchandising, staffing, and store layout optimization, leading to improved sales performance and customer satisfaction. Additionally, the integration of occupancy sensors with building management and automation systems enables retailers to reduce energy consumption significantly by dynamically controlling lighting, HVAC, and other utilities based on actual occupancy, thereby lowering operational costs and supporting sustainability initiatives.
Another critical driver is the growing emphasis on security and surveillance within the retail sector. With rising concerns over theft, unauthorized access, and in-store incidents, retailers are adopting occupancy sensing solutions to bolster their security frameworks. These sensors, often integrated with video analytics and alarm systems, provide real-time alerts and actionable intelligence, enabling swift response to potential threats. Furthermore, occupancy sensing supports compliance with health and safety regulations, particularly in the wake of global events such as the COVID-19 pandemic, by helping retailers monitor and manage crowd density, ensuring social distancing, and enhancing overall store safety.
The expansion of omnichannel retailing and the increasing need for personalized customer experiences are also contributing significantly to market growth. Retailers are utilizing occupancy sensing data to tailor marketing campaigns, optimize in-store promotions, and deliver targeted services based on customer movement patterns and preferences. The adoption of wireless and cloud-based occupancy sensing solutions is further simplifying deployment, enabling scalability, and reducing upfront infrastructure investments. These technological advancements are making occupancy sensing accessible to a broader range of retail formats, from large supermarkets and hypermarkets to smaller convenience and specialty stores.
From a regional perspective, North America currently leads the Occupancy Sensing for Retail market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The region’s dominance can be attributed to the early adoption of smart retail technologies, high consumer expectations for personalized shopping experiences, and stringent energy efficiency regulations. However, the Asia Pacific market is anticipated to witness the highest growth rate during the forecast period, driven by rapid urbanization, the expansion of organized retail, and increasing investments in smart infrastructure across emerging economies such as China and India. Europe, with its strong focus on sustainability and energy management, also represents a significant growth avenue for occupancy sensing solutions in retail environments.
The Sensor Type segment is pivotal in shaping the landscape of the Occupancy Sensing for Retail market. Infrared sensors, renowned for their reliability and cost-effectiveness, are widely adopted in retail settings for tasks such as motion detection, people counting, and basic space utilization. They are particularly effective in environments where privacy concerns preclude the use of image-based sensors. Ultrasonic sensors, on the other hand, offer enhanced accuracy in detecting motion and presence, even in ch
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The Commercial Occupancy Dataset (COD) is a high-resolution long-term dataset of occupancy traces in a commercial office building spanning 9 months and covering room-level occupancy for three different spaces (two conference rooms and one open-plan space) containing more than 90,000 enter/exit events over this time period. Occupancy data in a building contains rich spatial-temporal information about the users and their usage of the space and facilities. However, obtaining accurate occupancy data is a very challenging task due to the limitation of existing sensing technologies. A novel depth-imaging based solution to estimate occupancy counts was deployed in four doorways of an office building to generate the dataset. We envision the dataset being used for diverse applications such as building energy simulation, occupancy modeling and human-in-the-loop HVAC control which enhance energy efficiency and human comfort.
Each folder in the dataset represents data from a single building. Inside the folder there will be separate comma-separated value (CSV) files, one for each monitored room within the building. Each CSV file contains an entry for every entrance and exit events that was estimated by the sensor(s) corresponding to the room in question. In turn, each one of these entries in the dataset (i.e., each line in the file) contains three fields in this order: date (m/dd/yy), time (HH:MM:SS) and occupancy count.
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Singapore Shop Space Occupancy Rate: Central: Fringe Area data was reported at 90.930 % in Sep 2018. This records a decrease from the previous number of 91.570 % for Jun 2018. Singapore Shop Space Occupancy Rate: Central: Fringe Area data is updated quarterly, averaging 92.070 % from Mar 1992 (Median) to Sep 2018, with 107 observations. The data reached an all-time high of 96.820 % in Jun 1993 and a record low of 84.270 % in Sep 2006. Singapore Shop Space Occupancy Rate: Central: Fringe Area data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Singapore – Table SG.EB013: Property Occupancy Rate.
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Dataset from Urban Redevelopment Authority. For more information, visit https://data.gov.sg/datasets/d_49962204d37550d54175c2e5f0e78025/view
Freestanding retail real estate in the United States had the highest occupancy rate in the fourth quarter of 2024, at **** percent. This was *** percent higher than the average for the retail real estate sector. Malls, life centers and outlet centers had the highest vacancy, with **** percent of space occupied.