Commercial property worldwide - statistics & facts

Commercial property covers a vast range of different building types, including office buildings, retail stores, restaurants, and land which has yet to be developed. Essentially, it includes any sort of real estate that is intended to generate revenue. The market size of the global commercial real estate sector was estimated at close to 33 trillion U.S. dollars in 2020, with the EMEA, Asia Pacific, and North America regions estimated at over 10 trillion U.S. each. In terms of publicly listed real estate, the situation is different and only a small portion of the companies in the sector are traded on stock exchanges. The Asia Pacific region had the largest listed real estate market, valued at over 1.5 trillion U.S. dollars, followed by North America at 1.3 trillion U.S. dollars.

What is the biggest commercial real estate sector?

Office real estate has long been the biggest commercial real estate investment sector, but its share of total commercial property investments has been declining since 2007. On the other hand, the industrial sector has been growing, largely due to the rise of eCommerce. Under the effect of changing shopping behavior and the coronavirus pandemic, the capital value performance of retail property fell by 7.3 percent in the 12 months prior to the second quarter of 2021, while the industrial and office property sectors grew by 13.4 percent and 0.2 percent, respectively. Similarly, the retail and office sectors saw rents declining, while the industrial property sector followed the opposite trend. According to a survey, the residential private rented sector, logistics, and development land gained most popularity among ultra-high net worth individuals (UHNWIs) in 2020. The private rented sector is especially popular in Europe, while in Asia offices and healthcare facilities top the ranking. While office real estate has long been investors’ favorite asset class half of surveyed America-based investors in another survey shared that they expect slight decrease in office real estate demand in the Americas, APAC, and EMEA region in the next three years.

How have investment volumes changed since the start of the coronavirus (COVID-19) pandemic?

In the wake of the coronavirus (COVID-19) pandemic, the international travel bans, and the uncertain economic situation led to investments into commercial real estate globally halving in the second quarter of 2020. The second half of the year saw investment activity picking up, with the Americas, which is the largest investment market, realizing 225 billion U.S. dollars in investment transactions. The largest commercial real estate investor worldwide, Blackstone, saw and increase in the value of assets under management, but this did not apply to the second largest, Brookfield Asset Management.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Dec 14, 2021

Key insights

Size of the North American real estate market
10.8tr USD
Largest real estate investor
Allianz Real Estate
Size of the publicly listed real estate sector
3.2tr USD
Get more insights

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