Global commercial property market size 2019-2023, by region

Published by Statista Research Department, May 21, 2024

In 2023, the estimated value of the global commercial real estate market was approximately 37 trillion U.S. dollars, up from almost 35 trillion U.S. dollars the year before. The North America region had the largest market size, valued at over 12 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 3.2 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.

Value of commercial real estate market worldwide from 2019 to 2023, by region (in trillion U.S. dollars)

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Sources

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Release date

March 2024

Region

Worldwide

Survey time period

2019 to 2023

Special properties

As of December each year.

Supplementary notes

The figures have been calculated based on data for the developed and emerging markets in different regions provided by EPRA.
The source analyzed 59 countries from Asia-Pacific, EMEA, Latin America, and North America.

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