Commercial Real Estate Market size is set to grow by USD 384.46 bn from 2024-2028,Growing commercial sector globally boost the market- Technavio
NEW YORK, March 20, 2024 /PRNewswire/ -- The global commercial real estate market size is estimated to grow by USD 384.46 bn from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 4.36% during the forecast period. The commercial real estate market is experiencing growth due to an increase in the construction of offices, warehouses, and malls globally. Rapid industrialization and urbanization in countries like China, Thailand, Malaysia, and Indonesia are key drivers. The Middle East is also increasing spending on commercial spaces. Foreign investment in India's commercial construction sector is surging, making it an attractive market for major US, European, and Japanese companies. However, challenges such as mortgage rates, inflation, and economic instability may impact growth.
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Commercial Real Estate Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 384.46 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.01 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Atlas Technical Consultants LLC, Boston Commercial Properties Inc., Brookfield Business Partners LP, CBRE Group Inc., Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., MARCUS and MILLICHAP Inc., MaxWell Realty Canada, NAI Global, Nakheel PJSC, Onni Contracting Ltd., Prologis Inc., RAK Properties PJSC, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters.View Sample Report
Market Segmentation
This Commercial Real Estate Market report extensively covers market segmentation by End-user (Offices, Retail, Leisure, Industrial and others) Channel (Rental, Lease, Sales) Geography (APAC, North America, Europe, South America, Middle East and Africa)
Market Segmentation by End-user
The RF components market plays a crucial role in the commercial real estate sector, particularly in the offices segment. With the shift towards flexible work arrangements, hybrid models, and advanced technology, the demand for contemporary and adaptable workspaces is on the rise. RF components, such as antennas, filters, and amplifiers, are essential for enabling seamless communication and data transfer in these modern workspaces. As businesses invest in creating technologically advanced and innovative office environments to attract and retain talent, the RF components market is poised for growth in the coming years. The market is expected to expand significantly between 2024 and 2028, reflecting the continuous evolution of workspaces to meet modern business requirements.
Geographic Landscape
The APAC commercial real estate market is thriving, driven primarily by the industrial sector's expansion, leading to heightened demand for office spaces. Key contributors to this market's revenue include China, Japan, India, South Korea, and Singapore. Notable growth is observed in India's commercial construction sector, alongside China, Vietnam, and other emerging Asian economies. International real estate development is also anticipated to present opportunities for countries like India. For instance, in October 2021, the Jammu and Kashmir administrations signed an MoU with the Dubai government to develop real estate projects, encompassing industrial parks, IT towers, and super-specialty hospitals. In parallel, the RF components market plays a crucial role in the commercial real estate sector, particularly in the development and implementation of advanced technologies such as smart buildings and IoT systems. These technologies enhance energy efficiency, improve occupant comfort, and ensure safety and security. As the APAC commercial real estate market continues to expand, the demand for RF components is expected to grow accordingly.
Reports cover region wise segment analysis; estimate and forecast 2024 - 2028 - Download Free Sample Report
Research Analyst Overview
The RF components market plays a significant role in the commercial real estate sector, particularly in the implementation of technology-driven solutions. These components, including filters, feeders, propellers, inverters, motors, logging units, units, technologies, and buildings, are essential for the proper functioning of RF systems. The integration of RF technologies in commercial real estate properties enhances security, improves communication, and optimizes energy consumption. The sector's reliance on RF components is expected to grow as the demand for smart buildings and IoT-enabled infrastructure continues to rise. The market for RF components in commercial real estate is a dynamic and evolving one, driven by advancements in technology and the increasing need for efficient, connected, and secure properties.
Research Analysis
In the dynamic commercial real estate market, the office sector continues to evolve, with rent growth, vacancies, supply, flexibility, technology development, co-working spaces, and the hybrid work model shaping the landscape. Rent growth remains a key indicator of market health, while vacancies and supply balance each other out. Flexibility, driven by technology development, is increasingly important, with co-working spaces gaining popularity. The hybrid work model, combining remote and in-office work, is driving commercial developments towards more flexible and technologically advanced solutions. Overall, these trends reflect the ongoing evolution of the office sector in response to changing business needs and technological advancements.
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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