Commercial Real Estate

There are many factors that influence the development of the commercial real estate sector: By definition, commercial real estate is closely connected to the economy and the performance of different sectors. There are various types of companies operating in the sector, such as real estate investors, developers, brokers, managers, and media portals, all facing different challenges and opportunities as industry trends evolve. During the coronavirus pandemic, the need for social distancing led to offices worldwide transitioning to a hybrid working model and demand for office space falling. The boost in e-commerce spending in many countries, on the other hand, resulted in the need for more warehouses, fulfillment centers, and the growth of the industry and logistics real estate sector which facilitates it. Some of the most important themes in the future of the industry are the increasing importance of technological innovation and environmental, social, and governance sustainability (ESG).

Market size

The global commercial real estate market is worth close to 34 trillion U.S. dollars

Value of commercial real estate market worldwide from 2019 to 2021, by region (in trillion U.S. dollars)

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Further details: Visit original statistic Value of commercial real estate market worldwide from 2019 to 2021, by region (in trillion U.S. dollars)

Commercial real estate has been enjoying a high level of investor interest in recent years and has earned its place as a core asset in the portfolio of institutional investors. Globally, the commercial real estate market was worth approximately 34 trillion U.S. dollars in 2021 – almost twice the size of China’s economy. With one-third of the estimated global market size, the Asia Pacific region was the largest commercial real estate market.

Global commercial property
U.S. commercial property
Commercial property in Canada

Market segments

The share of direct investment allocated to office real estate has gradually decreased in recent years

Distribution of direct commercial real estate investment transaction volumes worldwide from 2007 to 1st quarter 2022, by sector

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Further details: Visit original statistic Distribution of direct commercial real estate investment transaction volumes worldwide from 2007 to 1st quarter 2022, by sector

Compared to a decade ago, the popularity of residential and logistics real estate has increased notably among global investors. Both sectors have proved to be especially resilient during the pandemic and have enjoyed high demand and rental growth. In bigger cities where space is scarce and house prices too high, demand for multifamily or build-to-rent properties is as good as guaranteed.

Office property in China
Industrial and logistic real estate in the UK
U.S. office property

Industry trends

ESG investment in commercial real estate to gain more importance in the next three years

Real estate investors' opinion on the current and future importance of environmental, social, and governance (ESG) criteria worldwide as of 2022

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Further details: Visit original statistic Real estate investors' opinion on the current and future importance of environmental, social, and governance (ESG) criteria worldwide as of 2022

Like in many other industries, the importance of environmental, social, and governance (ESG) sustainability in commercial real estate has been growing in recent years. ESG has many benefits for investors, such as enhancing a company’s brand and reputation, attracting and retaining clients, and meeting internal company needs. Besides energy and waste management, industry experts outlined green buildings certification and mitigating carbon footprint as the ESG criteria with highest priority.

Proptech
Flexible office space in Europe and the UK
Real estate investments on the European market

Market leaders

CBRE is the largest commercial real estate brokerage company by transaction volume

Leading commercial real estate investment brokerage firms worldwide in 2021, by investment sale volumes (in million U.S. dollars)

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Further details: Visit original statistic Leading commercial real estate investment brokerage firms worldwide in 2021, by investment sale volumes (in million U.S. dollars)

Commercial real estate brokerage firms are companies that sell commercial properties. Combined, the top five brokerage firms worldwide registered almost 700 billion U.S. dollars in transaction volume in 2021, with CBRE leading the ranking as the biggest commercial property broker worldwide. Apart from brokerage firms, there are other types of companies such as real estate investment trusts (REITs), and real estate asset managers.

CBRE
WeWork
Leading real estate companies in China, by sales area

State of the industry

  • Real Estate in the UK - Industry Insights & Data Analysis
  • Real Estate in Germany 2021
  • Real Estate in Europe - Industry Insights and Data Analysis
  • Industrial and logistic real estate in the United Kingdom (UK)
  • Commercial property in the United States
  • Office real estate in London (UK)
  • Self-storage in the United States
  • Office property in China
  • Cross-border commercial real estate investment in the United States
  • Commercial property in Australia
  • Commercial real estate in the United Kingdom

Industry Definition

The broad definition of commercial real estate includes property that has been built for business purposes. In this section, Statista provides the most relevant and up to date data on the commercial real estate sector and its main subsectors: office, retail, industrial and logistic, and hospitality. Additionally, Statista covers alternative commercial properties such as multifamily, senior, and student housing.

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