U.S. Commercial Property - Statistics & Facts

Commercial property refers to property used for business purposes. It's a popular area for investors who then rent out the building to other individuals or companies who use the space to run their business. The U.S. commercial property sector is comprised of the following key segments: industrial, retail, office, lodging and amusement. The value of private office construction starts in the United States amounted to 6.2 billion U.S. dollars in the first half of 2018.

The commercial construction industry in the United States has been steadily expanding since 2010. In 2017, some 86.95 billion U.S. dollars worth of commercial real estate were built in the United States. Vacancy rates both in retail and industrial real estate sector show a declining trend and were projected to amount to 11.4% and 6.7% respectively as of third quarter of 2019.

In spite of the growing trend for retailers to shift their focus to ecommerce, retail rents in many cities globally remain sky high. The two most expensive retail locations worldwide were Upper 5th Avenue, New York and Causeway Bay, Hong Kong as of June 2017.

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Commercial Property in the U.S. Infographic - The Cities With The Highest Rents For Prime Office Space

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Commercial Property in the U.S. Infographic - The Cities With The Highest Rents For Prime Office Space

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